Investment criteria

Investment Criteria

Empower Capital preferred target company has a solid track record and potential for leadership position in its respective industry.  We invest in companies with competitive business model and find it particularly attractive if the company is managed by an experienced team, presents opportunities for vertical and/or horizontal integration, and regional expansion, and generates annual turnover in the range of EUR 3 – 25 million.

Type of financing

We provide funding in the form of equity or quasi-equity instruments.

Size of Investment

Our investments range from EUR  0.25m to EUR 3m. As a co-investment fund, we have the capability, by partnering with other investors, to structure transactions requiring equity capital up to EUR 10m, always on a pari-passu basis.

We negotiate direct equity stakes of 10-40% and equity stakes related to quasi-equity instruments (such as warrants or options) of up to 25%, depending on the valuation of the target company and on the size of the agreed investment.

Key Industries

We work hard to maintain expertise across a variety of industries, including retail, light industry, transportation and logistics, food processing, technology, healthcare, and hospitality sectors.

Stages

We invest in companies in early stage and growth stage of development.

Geography

We invest only in Bulgaria-based companies

Investment Approach

Empower Capital works closely with its portfolio companies, both on operational and strategic level. We strive to create world-class, industry-leading companies by:

  • Developing strategic planning and strategy deployment processes
  • Optimizing internal organization, administration and financial controlling
  • Enhancing operating cash cost structure
  • Continuously analyzing customer and product profitability
  • Introducing and maintaining highest standards for product quality, customer service and manufacturing efficiency
  • Focusing on returns-driven capital investment
  • Improving employee training

This publication has been produced with the assistance of Operational Programme „Development of the competitiveness of the Bulgarian economy” 2007-2013, co-financed by the European Union through the European Regional Development Fund. The contents of this publication are the sole responsibility of EMPOWER Capital Fund Coöperatief U.A. and can in no way be taken to reflect the position of the European Union