SART Investment Strategy

Our investment decisions are guided by six basic principles. They help us identify great businesses by uncovering their upside potential.

01

VIABLE PRODUCT OR BRAND

SART invests in proven, established and reputable products with strong growth potential
02

KEY EMPLOYEES IN PLACE

We work to retain key employees starting from initial phases of due diligence to preserve expertise in the company
03

CORE ASSETS INTACT AND OPERATIONAL

We require key operational assets to be a part of the transaction. The business should be operating normally.
04

CLEAR PATH TO PROFITABILITY

We work with the management to establish a clear route to focusing the business on the profitable core
05

SCALABILITY

We target businesses that can be scaled, often succeeding outside of their domestic markets
06

ESG IMPACT DEFINED

With a controlling stake, we bring meaningful improvements in each of the three ESG areas

30+

measurable criteria

Investment Process

The SART investment team operates a standardized investment process to assess prospective investment opportunities. Only after assembling a rigorous analysis conducted by the deal team in cooperation with external due diligence providers, the fully structured investment case is presented to the Investment Committee, where the final investment decision is made.

As a backbone of this process, the SART team applies more than 30 measurable parameters to evaluate each investment target on its merits. This enables the SART team to accurately and reliably assess the return potential of each investment, even for companies that find themselves in challenging situations. This way, we aim to identify the most attractive companies with the highest upside potential.

SART Investment Criteria

SART operates a standardized formal investment process to assess prospective investments. We view the lower mid-market as an underserved segment offering overlooked opportunities.

We can invest in the following:

Industrial businesses with strong upside potential, with revenues between EUR 15 million and EUR 50+ million.

Equity, senior debt, other debt instruments and provide working capital lines of credit in connection with obtaining control.

Investment tickets between EUR 5m to EUR 15m per portfolio company. For larger investments we prefer to team up with like-minded investors.

We will consider investing in companies which require new management teams. We have been successful in both partnering with the existing management as well as recruiting new teams for our portfolio companies.

We target control positions, either majority or minority.

Key Geographic
Focus

We look for prospective investments in our core CEE and DACH regions. We see this as the European manufacturing base. We would consider investing also in neighboring countries with strong business ties to the core regions.