Investment Method
Price discipline: We apply a stringent selection proccess to identify companies within our investment universe that trade at a discount to their quality, value, and leadership.
Selection Criteria
60% upside over 3 years
Through a exhaustive, quantitative and qualitative analysis, we arrive at our own valuation and assess upside potential alongside normalized historical multiples.
Financial resilience
Net debt < 3x EBITDA, ensuring that all companies uphold a robust balance sheet, eliminating the risk of default on debt maturities in the coming years, and mitigating the need for capital increases.
Alignment of interests
The management team must maintain complete alignment of interests with the shareholders, with special emphasis placed on inside-buys from the executive team.
Market context
We rigorously evaluate short-term market perceptions that undervalue the business due to temporary factors, ensuring that these are truly transitory.