SPEL
 home  > Investments Criteria

 

Investment Criteria

 

Criteria

Target / Hurdle

Comment

Size

$10m to $100m

SPEL equity investment of $10m to $30m
Able to partner with co-investors for larger deals

Earnings

Current EBITDA of $3m+

Preference for companies with stable earnings and/or strong growth potential

Types of Investments

Buyout

Current owner wishes to exit the business
Experienced management team in place

 

Expansion capital

Business requires additional funding for expansion and/or acquisitions

 

Replacement capital

Existing owners want to release cash and dilute their shareholding
Bring in a new shareholder with access to further capital

Level of investment

Preference for control

Will consider 50% or minority position

Management

Proven track record in the business

Prefer management with willingness to co-invest

Industry

Preference for consumer, industrial and service sectors

Exclusions include property, resources, biotech, technology commercialisation and early stage

Geography

Australia & New Zealand

Comfortable with exposures to other markets

Company sustainable competitive advantage

Material and identifiable

Preference for companies with strong positions in well defined growing markets

 

SPEL is able to provide potential Investee Companies :