Europe’s subsidy and tax-credit ecosystem can provide meaningful non-dilutive capital for the right business. By pairing that advantage with conservative leverage, and an operator’s mindset, we aim to build a durable company and create long-term value.
EU and national programs can reduce downside and fund growth initiatives without diluting equity. We prioritize companies where subsidy and tax benefits enhance an already robust cash-generating business.
We are buying a good quality business with potential where subsidies and tax credits can improve the business.
Geography: NL / BE / DE / AT / CH (and selective Nordics)
Size: EV €10–30m; EBITDA €1–5m; Revenue €5–30m
Situations: Founder succession. Turnaround situations.
Quality: High quality relationships with customers.
Edge: Clear eligibility for meaningful grants or tax credits