Investment Strategy
Investment Focus
Perusa seeks to invest in growing businesses with a good market position which offer the potential to benefit from Perusa´s active value creation approach. With this approach, Perusa’s portfolio companies have successfully increased the EBITDA by an average of 13% per annum during their holding period. Perusa does not focus on a specific industry, but is situation-driven. Suitable situations include companies with succession issues, corporate carve-outs or industry consolidation cases.
Perusa focuses on opportunities which meet the following key criteria:
- Healthy underlying market
- Defendable market position
- Long-term company growth
- Recurring revenues (non-project revenues preferred)
investment criteria
Perusa focuses on mid-sized companies in the German-speaking region and the Nordics. Target companies should generate revenues of more than EUR 30 million. Perusa’s equity ticket sweet spot is in the range of EUR 5 to 30 million per investment. Larger investments can be realized through co-investments by its Limited Partners.
Please find below an overview of Perusa’s key investment criteria:
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Transaction Sourcing
Perusa has build-up a well-developed network of financial intermediaries and industry executives over the years. Perusa highly appreciates and always tries to expand and intensify the relationships with financial intermediaries based on the principles of integrity and openness.
Thematic investment approach: In addition, Perusa follows a thematic investment approach. Perusa seeks to identify attractive industry niches with positive macro trends and the opportunity to consolidate the market. Perusa also usually tries to develop the portfolio companies with add-on acquisitions.
Please feel free to contact the team if you are engaged to sell a company, have a suitable investment ideas and are interested in a general exchange.
Investment Approach
Perusa’s investment approach is active value investing. The Funds look for solid businesses with further development potential through a hands-on approach, i.e. Perusa not only invests money in companies, but also supports the business development as active sparring partner of management. Perusa engages a dedicated operating team of functional experts with a strong background in strategic development, sales & marketing, operational performance improvement and financial analytics. Perusa supports the portfolio companies in making strategic acquisition to strengthen its market position, support growth and capture synergies.
Investment Culture
Consistent with generating the best possible returns for investors, Perusa is committed to the highest standards of business practices and ethics. Perusa considers environmental, social and corporate governance (ESG) factors in business decisions and believes that this leads to a more sustainable and long-term value creation for its portfolio companies. Selected examples for the implementation of Perusa’s high ESG-standards at portfolio companies are here.
Tight principles across the investment cycle
Perusa’s investment policy was developed in alignment with strict ESG guidelines and considers environmental, public health, safety, social and governance issues associated with target companies when evaluating whether to invest in a particular company or entity, as well as during the period of ownership. Perusa’s partners and staff adhere to these principles and also encourage Perusa’s portfolio companies to advance these same principles.