Special Situations

Main focus of investment in:

• Private Equity backed companies with financial challenges

Stress occurs  due to over geared balance sheets, economic cycle, industry turmoil, policy changes, structural complexity

• Promising later stage ventures that have taken longer than expected to reach an inflexion point

Most venture companies, even promising ones, take significantly longer and require significantly more funding to deliver their business plans than initially forecast.

Strong increase in the number and funding of UK ventures in recent years but exits significantly below expectations with management often lacking the experience and skills to overcome the associated financial and strategic hurdles.

Catalysts include:

-  Resolve divergent shareholder objectives

-  Rationalise capital structure

-  Inject critical growth funding

-  Provide strategic direction and drive operational change