Investment Criteria

Investment Criteria

Black Water predominantly takes controlling stakes. We typically invest in companies with enterprise values of at least €200 million.

Geography

We are focused on companies with operations based in the fastest growing European economies. Additionally, we will opportunistically consider investments in certain bordering countries.

Sectors

We target investments in growth industries that typically benefit from the increasing disposable incomes and changing consumer habits. Key sectors of interest include:

  • FMCG and non-FMCG retail
  • Distribution / Wholesale
  • E-commerce
  • Transport / Logistics
  • Advanced manufacturing
  • IT services
  • TMT
  • Leisure & fashion
  • Commercial and professional services