

TVI 3 seeks to acquire controlling equity positions in stable niche businesses in the UK which have a defensible market position. We have a longer term time horizon and look to support business growth over a 5 to 7 year period. The investment may be by way of an MBO where existing management have funds to invest, or by way of MBI. We are seeking businesses where the vendor is considering a full or partial exit The business will have an established defensible market position with sustainable revenues. This position may be due to proprietary technology, long term customer relationships or diversity of customers based on a demonstrable competitive advantage. We expect the businesses we acquire will have a turnover of £500k to £5m. They will normally have a profitable trading history over the past 5 years and gross margins of in excess of 30% If the vendors intend to leave the business then an experienced management team will be in place or a plan for a gradual transition of management over an extended period.Criteria
Investment process.