{"id":15254,"date":"2016-07-20T11:56:36","date_gmt":"2016-07-20T11:56:36","guid":{"rendered":"http:\/\/projects.cinako.ro\/emsa\/?page_id=15254"},"modified":"2016-12-20T14:51:45","modified_gmt":"2016-12-20T14:51:45","slug":"investment-criteria","status":"publish","type":"page","link":"https:\/\/www.emsacap.com\/index.php\/investment-criteria\/","title":{"rendered":"Investment Criteria"},"content":{"rendered":"<p>[vc_row][vc_column][vc_column_text]EMSA Capital&#8217;s focus on turnaround and improvement makes both our positioning and investment criteria unique, and we invest in situations overlooked by most investors:[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column css=&#8221;.vc_custom_1482245926439{margin-top: -10px !important;margin-bottom: -10px !important;}&#8221;][vc_separator][\/vc_column][\/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_column_text]<\/p>\n<h4><span style=\"color: #911e45;\">Industries<\/span><\/h4>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;2\/3&#8243;][vc_column_text]<\/p>\n<ul>\n<li style=\"list-style-type: square;\">Generalists, excluding regulated industries<\/li>\n<li style=\"list-style-type: square;\">Significant experience in manufacturing, retail, software, food processing, and health-care<\/li>\n<li style=\"list-style-type: square;\">Focus on established operations<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_column_text]<\/p>\n<h4><span style=\"color: #911e45;\"><strong>Deal Size<\/strong><\/span><\/h4>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;2\/3&#8243;][vc_column_text]<\/p>\n<ul>\n<li style=\"list-style-type: square;\">Up to \u20ac50 million in total value<\/li>\n<li style=\"list-style-type: square;\">Co-investment for larger deals possible<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_column_text]<\/p>\n<h4><span style=\"color: #911e45;\"><strong>EMSA&#8217;s Investment<\/strong><\/span><\/h4>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;2\/3&#8243;][vc_column_text]<\/p>\n<ul>\n<li style=\"list-style-type: square;\">\u20ac2 million to \u20ac20 million<\/li>\n<li style=\"list-style-type: square;\">Follow-up or add-ons to fund additional growth<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_column_text]<\/p>\n<h4><span style=\"color: #911e45;\"><strong>Instruments<\/strong><\/span><\/h4>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;2\/3&#8243;][vc_column_text]Anywhere on the balance sheet:<\/p>\n<ul>\n<li style=\"list-style-type: square;\">new equity<\/li>\n<li style=\"list-style-type: square;\">working capital<\/li>\n<li style=\"list-style-type: square;\">existing debt acquisition<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_column_text]<\/p>\n<h4><span style=\"color: #911e45;\"><strong>Target company size<\/strong><\/span><\/h4>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;2\/3&#8243;][vc_column_text]<\/p>\n<ul>\n<li style=\"list-style-type: square;\">At least \u20ac15\u00a0million annual turnover<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_column_text]<\/p>\n<h4><span style=\"color: #911e45;\"><strong>Target company profitability<\/strong><\/span><\/h4>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;2\/3&#8243;][vc_column_text]<\/p>\n<ul>\n<li style=\"list-style-type: square;\">Improvement potential key &#8211; both profitable and loss making companies considered<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_column_text]<\/p>\n<h4><span style=\"color: #911e45;\"><strong>Control<\/strong><\/span><\/h4>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;2\/3&#8243;][vc_column_text]<\/p>\n<ul>\n<li style=\"list-style-type: square;\">Majority stake or clear path to control<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_column_text]<\/p>\n<h4><span style=\"color: #911e45;\"><strong>Geographic focus<\/strong><\/span><\/h4>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;2\/3&#8243;][vc_column_text]<\/p>\n<ul>\n<li style=\"list-style-type: square;\">Central, Eastern and Southeast Europe, EU and non-EU<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]EMSA Capital&#8217;s focus on turnaround and improvement makes both our positioning and investment criteria unique, and we invest in situations overlooked by most investors:[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column css=&#8221;.vc_custom_1482245926439{margin-top: -10px !important;margin-bottom: -10px !important;}&#8221;][vc_separator][\/vc_column][\/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_column_text] Industries [\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;2\/3&#8243;][vc_column_text] Generalists, excluding regulated industries Significant experience in manufacturing, retail, software, food processing, and health-care Focus on established operations [\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_column_text] Deal Size&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.emsacap.com\/index.php\/wp-json\/wp\/v2\/pages\/15254"}],"collection":[{"href":"https:\/\/www.emsacap.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.emsacap.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.emsacap.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.emsacap.com\/index.php\/wp-json\/wp\/v2\/comments?post=15254"}],"version-history":[{"count":30,"href":"https:\/\/www.emsacap.com\/index.php\/wp-json\/wp\/v2\/pages\/15254\/revisions"}],"predecessor-version":[{"id":15433,"href":"https:\/\/www.emsacap.com\/index.php\/wp-json\/wp\/v2\/pages\/15254\/revisions\/15433"}],"wp:attachment":[{"href":"https:\/\/www.emsacap.com\/index.php\/wp-json\/wp\/v2\/media?parent=15254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}