We focus on resilient, cash-generative industries with fragmented markets, strong local demand, and limited disruption risk.
Freight, last-mile delivery, warehousing, and logistics services. Asset-light models with recurring B2B contracts and proven resilience across economic cycles. Highly fragmented, with strong succession dynamics among owner-operators.
Professional and support services with recurring revenues, strong client retention, and low capital intensity. Fragmented markets with meaningful consolidation potential and limited exposure to technological disruption.
Hotels, activity operators, and tourism businesses with strong local positioning, loyal customer bases, and clear owner-transition dynamics. Resilient demand and attractive cash flow profiles.
Niche manufacturing and production businesses with recognized know-how, stable demand, and limited exposure to technological disruption. Often founder-led with established client relationships and defendable market positions.
Distributors serving specific professional niches with contractual revenues, established supplier relationships, and strong local or national market positions. Low capital intensity and steady free cash flow generation.