Criteria

Maeander Capital invests in lower mid-market companies with a proven business model, for which our investment criteria are:

Location

  • Companies with headquarters in the Netherlands

Characteristics

  • Lower mid-market companies with strong management team
  • Profitable and cash generating operations
  • Potential to become market leader in its relevant market

Sectors

  • Business services
  • Consumer goods
  • Food
  • Industrial manufacturing
  • Wholesale

Range

  • Enterprise value: €10 – 40 mln
  • Operating profit: €2 – 7 mln
  • Equity investment: €5 – 10 mln

Transactions

  • Controlling stakes by means of a majority share
  • Management participation

Debt

  • Prudent use of leverage
  • Safeguard operational flexibility