Our business is about transforming performing or stressed UK-headquartered businesses in partnership with exceptional management teams.
Specifically, we look for:
We invest between £40 million and £150 million in UK-headquartered companies with an enterprise value of between £75 million and £500 million. Whilst they are based in the UK, the businesses we back are often international.
Performing or stressed
Over half of the investments we make are conventional buyouts of performing businesses. The remainder, which represents a key part of our strategy, are investments in fundamentally good businesses experiencing financial stress due to liquidity or balance sheet problems.
Equity and debt
Epiris has the flexibility to invest in both equity and in primary or secondary debt. In conventional buyouts we always invest in control equity positions. In the stressed part of our strategy we are able to invest in preferred instruments to provide liquidity support, or to buy existing debt and to help arrange a consensual financial restructuring.
We have deep expertise in working through complex situations. Separating a business from its corporate parent, restructuring the bad balance sheet of a good company, working with multiple stakeholders or developing our own insight and strategy for a business: these are complicated challenges which we relish.
We seek to transform the businesses we invest in. On average, businesses we invest in more than double earnings under our ownership. We achieve this through a combination of improved strategic clarity, operational excellence, organic growth acceleration and M&A.
We are generalists who look across business sectors, including in unfashionable or cyclical sectors, for high-quality businesses which are cash generative and which operate in markets with acquisition targets. Often, the companies we back are in need of reinvigoration: delivering this is where our expertise lies.