Value investing in German companies
Approach
Steady on the ground,
Ready for take off
BUSINESS MODEL
VALUE INVESTING
We find, acquire and develop long-term equity investments for an exclusive network of investors. Investing our own capital in every transaction is our privilege
Value Investing
Responsibility As owners we take responsibility for people, for the employees of our portfolio companies. We believe that team spirit as well as a dynamic working atmosphere based on mutual trust and integrity is the foundation for any successful, entrepreneurial undertaking.
Investors We represent investors with a long-term, entrepreneurial investment approach. Many of our investors and network partners are founders or owners of family businesses and therefore have a deep understanding of the specific challenges and potentials of small and medium-sized businesses. Our investors invest directly into the acquisition vehicles as opposed to via a fund structure.
Small-Cap
REGIONAL FOCUS
There are over 3 million companies in Germany with revenues up to 50 million Euros. Our expertise is to find and develop the “hidden champions”
Focus GERMANY
Value Creation Successful companies are eager to continuously improve. Our portfolio companies are market leaders but still show significant development potential at the same time. Especially in smaller companies fast decision processes and pragmatic people allow a timely implementation of operational initiatives with an almost instant positive impact.
Network The INVICTO network composed of well-known investors and managers is often the first contact for companies and owners considering succession issues. We therefore regularly develop individual succession solutions in bilateral meetings with the founders.
Investment Criteria
CAREFUL SELECTION
A careful and systematic selection of investments is a key ingredient for success. We are specialized in majority holdings in market leaders with significant potential for development
Consistent Selection
Established We invest in established, profitable companies with outstanding people and products that have secured a leading position in their market niche. On average, our investments have been in the market for over 40 years and generate EBIT margins above 10%.
Small-Cap We focus exclusively on companies with revenues ranging from EUR 10 to 50 million and EBITs from EUR 1 to 3 million. The average sales volume of our portfolio companies amounts to EUR 15 million.
DEVELOPMENT
OPERATIONAL IMPACT
We want to take an active ownership role. The continuous operational support of our portfolio companies is a prerequisite for our long-term investment strategy
Operational Impact
Hands-On Our business model is based on the conviction that taking an active ownership role is essential for the long-term success of our investments. As active owners we roll-up our sleeves and strive to support the management teams in a pragmatic, hands-on and operational manner. Without a deep understanding of the markets and the people of our portfolio companies we will not be able to have a positive impact.
Expertise As the new partner on board we can support the management teams in the areas of strategy, sales and marketing, production, accounting and finance and human resource issues. We are experienced sparring partners to consider and execute geographical and/or product expansion plans as well as add-on acquisitions.
Investments
Vision for growth, passion for detail
Current investments
NT HOLDING GMBH
DIGITAL TECHNOLOGY
FOR DENTAL IMPLANTS
Acquisition April 2016
Pioneer in the application of digital technology in the field of dental implants (CAD/CAM)
CCP Holding GmbH
Industrial
services specialist
Acquisition February 2016
Industrial services with focus on fluid management (optimization of coolants and lubricants) for manufacturing industries, machine maintenance and industrial cleaning
TRAGFREUND GmbH
Suspension systems
for medical applications
Acquisition June 2015
First add-on acquisition to W. Krömker GmbH; innovative and fast growing company with focus on suspension systems for medical applications
W. KRÖMKER GMBH
Passionate about
medical solutions
Acquisition November 2012
Developer and manufacturer of medical technology equipment in the areas of articulated arm systems, trolleys and ultrasonic nebulisers
Past investments
GAB Consulting GmbH
Registration services
for life science products
Exit October 2016
Leading consulting company offering comprehensive registration services for the chemical and plant protection industry in Europe and overseas
GEBO Armaturen GmbH
Specialist for pipe
repair products
Exit December 2014
The GEBO Group is a leading, pan-European specialist for repairs in any area of pipes and pipe connectors made out of steel, stainless steel, brass, and plastic
TEAM
Easy to excite, hard to convince, determined to succeed
DR. CHRISTOPH HAMANN
FOUNDING PARTNER
Entrepreneur and Co-founder of INVICTO. Previously with McKinsey. Travel enthusiast who lived in the United States, South Africa and Argentina. In love with all kinds of sports, Italian food, his American wife and their children.
Ellen Johansen
Investment Assistant
Executive Assistant at INVICTO. Swiss and Norwegian national, raised in Singapore, educated in Switzerland and the USA. Previously in Mergers & Acquisitions Advisory in Zurich. Enthusiastic Yogini who loves discovering Dusseldorf as well as North Rhine-Westphalia’s heritage.
FERDINAND VON HAMMERSTEIN
FOUNDING PARTNER
Entrepreneurial heart, financial mind. Co-founder of INVICTO. Previously in Private Equity and with KPMG. Born in Luxembourg, raised in Hannover and Berlin, educated in London. Give him a sports racket or four wheels and he is a happy man.
Our employees
We are an expanding and dynamic team with a strong emphasis on an entrepreneurial mindset and passion for our day-to-day work. We offer an environment in which commitment, extraordinary performance and enthusiasm for our companies are encouraged. This is how we try to outperform the expectations of our companies, investors and our team everyday anew.
Career
Heading in the same direction.
But with your own mind.
Operation Executive
Developing BusinessEs
Pragmatic, hands-on, result-driven: Your passion is the operational corporate development of our portfolio companies
Investment Professional
Closing transactions
Analytical, structured, deal-driven: You enjoy finding, structuring, negotiating and closing acquisitions of top-tier companies
Buy-In Manager
Becoming shareholder
Authentic, inspiring, successful: You want to continue to lead as CEO and additionally acquire shares in your company
Applications
Taking initiative
Smart, dedicated, nice: Get in touch with us to discuss your opportunities at INVICTO