Private Equity für erfolgreichen Wandel – Perusa

Investment Strategy

Investment Focus

Change as a chance

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)

Criteria

Perusa konzentriert sich branchenunabhängig auf mittelständische Unternehmen aus Deutschland, Österreich, der Schweiz und dem skandinavischen Raum. Die Zielunternehmen sollten einen Umsatz von mehr als 20 Mio. EUR erwirtschaften. Optimale Eigenkapitalinvestments für Perusa liegen zwischen 5 und 30 Mio. EUR. Größere Investitionen können mithilfe von Co-Investments der Limited Partners realisiert werden. Die Schlüsselkriterien für Investments:
Deal Situations
  • Succession issues
  • Corporate carve-outs
  • Industry consolidation
  • Secondary transactions
Key Criteria
  • Wachsende und wiederkehrende Umsätze (nicht-projektbezogener Umsatz bevorzugt)
  • Healthy underlying market
  • Defendable market position
Segments
  • No specific industry focus, situation-driven approach
  • Proprietary products or services preferred
Regions
  • DACH-region (Germany, Austria, Switzerland)
  • Nordics (Sweden, Denmark, Norway)
  • Benelux
Target Size
  • Revenues between EUR 20 - 150m
  • EBIT between EUR 2 - 6m
  • Positive cash flow and high cash conversion
Equity Tickets
  • EUR 5 - 30m

Sourcing

A strong network decides

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.

Please contact the Perusa team!

Investment Approach

Active support for successful business development.

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.

Culture

Responsible investing

Bei Investitionen in mittelständischen Unternehmen verpflichtet sich Perusa zur Einhaltung der höchsten Standards für wirtschaftliches und ethisches Handeln. Bei allen Geschäftsentscheidungen berücksichtigt Perusa die Faktoren Umwelt, Soziales und Governance (ESG). Perusa ist überzeugt, dadurch nachhaltigere und langfristigere Wertschöpfung für die Portfoliounternehmen zu generieren. Hier finden Sie ausgewählte Beispiele für die aktive Umsetzung unserer hohen ESG-Standards bei Perusa Portfoliogesellschaften.

Tight principles across the investment cycle

Die Investitionsprinzipien von Perusa wurden auf Basis strikter Corporate Governance-Richtlinien entwickelt. Sie berücksichtigen umwelt-, gesundheits-, sicherheits-, sozial- und ordnungspolitische Fragen in Verbindung mit den mittelständischen Zielunternehmen – und das sowohl in der Entscheidungsphase für eine Transaktion als auch in der Phase als Gesellschafter.  Die Partner und das Team von Perusa richten sich nach diesen Prinzipien und verlangen dies auch von den Perusa-Portfoliounternehmen.

Investment Strategy

Investment Focus

Change as a chance

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)

Criteria

Perusa konzentriert sich branchenunabhängig auf mittelständische Unternehmen aus Deutschland, Österreich, der Schweiz und dem skandinavischen Raum. Die Zielunternehmen sollten einen Umsatz von mehr als 20 Mio. EUR erwirtschaften. Optimale Eigenkapitalinvestments für Perusa liegen zwischen 5 und 30 Mio. EUR. Größere Investitionen können mithilfe von Co-Investments der Limited Partners realisiert werden. Die Schlüsselkriterien für Investments:
Deal Situations
  • Succession issues
  • Corporate carve-outs
  • Industry consolidation
  • Secondary transactions
Key Criteria
  • Wachsende und wiederkehrende Umsätze (nicht-projektbezogener Umsatz bevorzugt)
  • Healthy underlying market
  • Defendable market position
Segments
  • No specific industry focus, situation-driven approach
  • Proprietary products or services preferred
Regions
  • DACH-region (Germany, Austria, Switzerland)
  • Nordics (Sweden, Denmark, Norway)
  • Benelux
Target Size
  • Revenues between EUR 20 - 150m
  • EBIT between EUR 2 - 6m
  • Positive cash flow and high cash conversion
Equity Tickets
  • EUR 5 - 30m

Sourcing

A strong network decides

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.

Please contact the Perusa team!

Investment Approach

Active support for successful business development.

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.

Culture

Responsible investing

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.