Investment strategy

We look to invest in companies led by with visionary management, with a proven track record and unquestionable reputation. We prefer to invest in export oriented companies with a niche position on the regional or global markets or companies with a leadership position on the domestic market.
We have a generalist approach and prefer sectors with a high growth or consolidation potential and clear exit opportunities. Due to our mandate, we only invest via capital increases aimed at supporting the next phase of growth of our investee companies. Our mandate prevents us from investing in primary agriculture, fishery, forestry as well as financial institutions and real estate.

Investment process

Our investment process is relatively simple. If you would like to discuss an opportunity, the best way is to call us or send us an email. Our investment process has the following steps:

Initial Assessment – we review an opportunity based on discussions with you based on initial available information such as business plan, financial statements, etc. We also conduct a preliminary independent review of the company and the industry.

Securing of co-investor – if a co-investor is not readily available, we will support you in finding a suitable co-investor based on our contacts and experience.

Term sheets – jointly with the co-investor, we will provide you with a term-sheet, outlining the main terms of the investment.

Due diligence – we will engage professional advisors to perform financial, tax, legal, and if needed commercial due diligence.

Deal finalization – we will coordinate the work of the legal advisor for the finalization of the share subscription and shareholder agreements or other relevant documents.

Value added

We truly enjoy working with outstanding entrepreneurs in helping them achieve their growth plans. We take the role of constructive board members and also support them with certain operational matters, if needed. Our combined entrepreneurial, financial management, audit, investment banking, and consulting experience in Bulgaria and abroad is sometimes the primary reason, even more important than the capital we bring, why entrepreneurs partner with us.

Optimal Capital

Advise on optimal capital structure and assist in securing additional funding, where needed

Exit Readiness

Prepare the company for a subsequent exit via trade sale or IPO

Corporate Governance

Put in place mechanisms for better corporate governance

Financial Management

Put together systems in place for improved financial management

Recruitment Network

Assist companies with recruitment through our network of contacts

Industry Contacts

Assist with industry contacts in Bulgaria and abroad

Strategic Direction

Advise on data-driven strategy formulation

Sounding Board

We are always there to listen to an idea and provide an objective, outside opinion