Invera is looking to invest in small and medium-sized enterprises and small- and mid-caps while holding majority positions in prospective portfolio companies. Our planned equity ticket is between 3 and 12 mil EUR, with an average equity ticket of 7 mil EUR.
We want to bring significant value with each individual investment, either by complementing the core management team or by bringing in top-notch industry experts to cater to the specific needs of the company (to either restructure or to boost growth).
With equity as our principal instrument, we will help to optimize and organize the complete financing of the portfolio company – either through debt or through mezzanine-convertible debt instruments. This arrangement will be analyzed and optimized for each individual portfolio investment.
Our investment philosophy
Why trust us?
Our investors have chosen us based on our demonstrated and unparalleled transaction experience in the markets of South-East Europe.
Our senior team members have been devoted to catering to the needs of SME’s (entrepreneurs and family-owned businesses) over the past 20 years. We are also entrepreneurs and investors ourselves, which is why we understand both sides perfectly.
Being present in the market, we have accumulated a great number of business contacts with very specific industry and functional experience which serve as our eco system. If needed, these can be deployed on any specific project to help you grow.
Our social responsibility principles
Environmental, social and governance principles are strongly incorporated in our investment strategies and business conducting principles.
We are always dedicated to finding an optimal approach and providing optimal solutions: we protect the best investment interests of our clients, while navigating, supporting and executing in such a manner that achievement of top-level investment performance doesn’t cause harm in the communities involved.
We are focused on long-term results, and we believe that the best way to achieve this is to conduct business with an eye toward social and environmental wellbeing.
How we add value.
We create smart transaction structures with interests that align with our partners. These structures aim to address the motivation of entrepreneurs that are selling or recapitalizing their business, as well as the fund’s long-term interest in exiting the business.
Since the team has vast experience in selling SMEs in the Southeast Europe region, the ultimate exit from the business is analyzed very thoroughly from the beginning. In doing so, we create value for the company and its shareholders in every step of the investment process.
Our value creation process (Fix-Evolve-Transform, or F.E.T) is first applied in the analysis phase of the project, and again after the investment is made. The process is divided into three phases:
FIX
Where the team, along with company management, works intensively on the “easy fixes” that were identified when due diligence was conducted on the company. These fixes, performed internally, include stepping up in terms of corporate governance, reporting and monitoring procedures, budgeting, procurement, optimization of WC, negotiations on any existing debt arrangements, the introduction of top level (senior) personnel, etc.
FIX
FIX
- Due diligence and 100-day action plan
- Detailed financial analysis
- Costs and profitability optimization
- Recommendations on important HR issues
EVOLVE
Where the team, along with company management, works intensively on the mid-term changes, such as the introduction and strengthening of functional procedures and the introduction of middle management (if required), and ensures that changes are being conducted in accordance with the envisioned plan of the company.
EVOLVE
EVOLVE
- Execution of resource- and market-based strategy
- Execution of the business plan
- Industry benchmarking
- Corporate governance
- Management improvement
TRANSFORM
The goal for the team (and the management team) is to reach the set benchmarks, vision, and results which were defined at the beginning (when the investment was initially made). Once the changes have been successfully implemented, the result can be partial or full transformation of the initially bought asset (company). The transformation can be purely organizational (successfully transitioning from an entrepreneurial-run or family-run business into an independent management company), it can be made by introducing new, more advanced products, or it can be facilitated by entering into a completely new vertical for the business. This is done to create additional value at exit.
TRANSFORM
TRANSFORM
- Reshape and change the business model
- New organizational design
- Introduction of new products (services)
- Opening of new markets and businesses
- Industrial leadership
FIX
FIX
- Due diligence and 100-day action plan
- Detailed financial analysis
- Costs and profitability optimization
- Recommendations on important HR issues
EVOLVE
EVOLVE
- Execution of resource- and market-based strategy
- Execution of the business plan
- Industry benchmarking
- Corporate governance
- Management improvement
TRANSFORM
TRANSFORM
- Reshape and change the business model
- New organizational design
- Introduction of new products (services)
- Opening of new markets and businesses
- Industrial leadership
Our values
Our core values are at the center of everything we do:
Trust is the cornerstone of every successful human and business relationship. We firmly believe in long-term relationships built on trust.
Integrity, honesty and confidentiality form the basis of our reputation, which we consider to be our greatest asset.
We strive to achieve the highest level of quality and excellence in all of our projects. We believe in the continuous education and training of our staff and expect it will directly lead to our long-term success.
We are committed to the investors and portfolio companies for the duration of our investment no matter how long or how difficult and challenging the deal.
Invera Equity Partners is owned and managed by its partners. It is not part of any banking, brokerage group or other private equity group.