Minimum Investment
€2,5M or 10% stake of the company
We’re highly selective
We welcome both primary and secondaries opportunities either directly or via GPs within Europe and Common law countries (excluding mining and avoiding funds.) However, we conduct intensive research and in-depth analysis on markets and managers before we consider investing.
Critical success factors:
- Exceptional entrepreneurs and management teams who share our values
- Proven and proprietary IP
- Competitive position in a significant and growing market
- Revenues of at least €5million, positive EBITDA (adjusted for growth) and consistently increasing Free Cash Flow
- Persistent high Returns on Capital Employed – High ESG standards
We think long-term
As long-term business owners we seek companies that define a market or dominate a niche managed by outstanding teams. We have held our specialty tea brand, Thés de la Pagode for over a decade and support its steady growth. Our other preferred sector is B2B software for its clear and scalable business model.
Environment Social & Governance
SFA is committed to being a responsible investor and considers sustainability an essential element of a great business. We believe that companies with the strictest ESG standards will strive in the future. We avoid high ESG risk sectors and consider a company’s management of policies and practices relative to sustainability (particularly in reducing their carbon emissions per € of FCF) as well as productivity and adequacy of capital investment. Every investment opportunity is analysed by a dedicated consultant looking at ESG characteristics, depth and quality of reporting, as well as potential long-term impact.