FIRST STEPS

ON THE WAY TO SUSTAINABLE GROWTH

Navigator Capital GmbH, headquartered in Munich, is a medium-sized, owner-managed investment holding company that primarily invests in companies with increased management requirements. Our focus is on parts of the company that do not belong to the core business of the seller. We are also involved in individual succession arrangements. Our objective is always the same: to pursue a sustainable course of growth.

Our core tasks include due diligence, strategic analysis and the development of a mature continuation concept. We cover any restructuring needs with the expertise available in our partnership.

In order to be able to pursue our long-term approach, we finance our projects primarily through our own funds, co-investors and financing partners, and this enables us to react quickly. Transactions can be processed flexibly, swiftly and with high operational
efficiency.

INVESTMENT FOCUS

We focus on the acquisition of majority interests in small and medium-sized European companies that are facing particular challenges …

These special potentials are often found in carve-outs, a difficult economic environment or internal business issues – and sometimes everything comes together.

Spin-offs of parts or units of a company from a large network require a structured approach and a lot of communicative support.

Company successions have certain similarities to carve-outs: employees and sometimes also customers and suppliers have to be taken along on the way to a new future.

INVESTMENT CRITERIA

MAJORITY INTERESTS

When restructuring in particular, it is important to assume responsibility. The language has to be clear and the implementation of correct measures purposefully driven – without delay. It’s a responsibility we will gladly take on, and to enable us to do so, it is important to have the company’s legal position adapted accordingly.

SMALL AND MEDIUM-SIZED COMPANIES

We like to know our way around. We like to operate on an equal footing. Those are things we do best in medium-sized companies, which are where we feel at home.

LOW TO MODERATE PROFITABILITY

We are motivated by challenges. Challenges that are set in a holistic context and in which we can supplement the classic restructuring approach with precisely these components of innovation and employees.

EUROPEAN LOCATION, FOCUS ON WESTERN AND CENTRAL EUROPE AND THE UK

We feel comfortable in a networked, digitised world, and we are at home offline. This means we believe in the value of internationalism and global strategies, but we also believe in the added value of classical exchange. We are therefore looking for investments with central activities in a cultural and regional environment that is close to us.

OPEN TO MANY INDUSTRIES, BUT NOT RESEARCH- OR CAPITAL-FOCUSED BUSINESS MODELS

Your team at Navigator has experience from a range of different backgrounds, and this is reflected in our fundamental openness towards many industries. But we also believe in the principle of core competencies and experience, so we refrain from working in certain sectors where we believe we cannot optimally support value-enhancing activities.

ACQUISITION FROM INSOLVENCIES IN INDIVIDUAL CASES

Much has been written about crises as opportunities. We view them that way too, but we also believe strategic investors have clear advantages in this difficult environment. We are therefore particularly inclined to consider insolvent companies if we are already active in this or related areas.

ACQUISITION PROCESS

As soon as we are invited to participate in an investment process and have gained an initial impression, we will prepare an indicative offer based on the information provided to us, which goes beyond a mere price and in which we also disclose our basic considerations. This is done quickly and for us forms the basis for discussion of all further steps.
After the due diligence phase launches, a detailed analysis of the situation and the development of optimisation ideas follows. Through the involvement of the owners, executive management and, if possible, the second management level, the results of the due diligence can be subjected to a quality check and a joint concept including a budget can be developed. Since the entire assessment process is usually carried out by our own employees, our internal coordination channels are short, which means this step can be completed within a short time.
Based on these results, the seller then receives a binding offer and work begins on a more detailed continuation concept. As soon as the submitted concept has been approved by all parties involved and an accepted carve-out or restructuring budget has been drawn up, we aim to sign a term sheet. This document contains all aspects relevant to the contract and speeds up the conclusion of the contract considerably.
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PARTNER FOR ALL STAKEHOLDERS

TAILOR-MADE SOLUTIONS BORN OF EXPERIENCE

In all our projects, we see ourselves as a solution provider for sellers who are selling off parts of their companies which have increased management needs. During each transaction we strive to understand the situation and needs not only of the target company but also of the seller and tailor our concept to them in order to offer them a solution that is as perfectly fitting as possible.

We are therefore enabling the seller to quickly refocus on core business by means of the swift operational separation of the sold company. At the same time, we free both the former subsidiary and its management from the constraints of belonging to a group and actively support them in improvement measures.

CONTACT

Cuvilliésstr. 14
81679 München (Germany)

T +49 89 92586009
E Mail

Cuvilliésstr. 14
81679 München 

T +49 89 92586009
E Mail