We invest in a range of core industries (subject to an exclusion list) across a variety of European countries. As a control investor, we have the ability to significantly influence the development of an investee company over the years. We do this via a joint effort of both the direct investment team and the dedicated ESG team at the level of the GP.
ESG factors play an increasingly important role to us, both in terms of risk mitigation but also as value creators. Our portfolio companies range from primary buy-outs of previously family-run businesses that are at the beginning of their institutionalisation journey to mature companies that are very advanced in their level of institutionalisation. Therefore, the maturity of the ESG approach in each company varies significantly, but the intensity of our oversight of ESG topics is the same for all companies.
Some of our companies have ESG matters at the core of their business: for example, SAR, Itelyum and our exited investment Cartonplast are positioned squarely in the "circular economy" segment, whereas Outcomes First Group provides critical social care services to vulnerable people.