We invest between € 50 m and € 300 m per transaction in companies with an established and proven business model, via equity or quasi-equity instruments. Investments up to € 500 m are possible through co-investments by Cobepa's shareholders.

We aim to be in a position which enables us to be impactful on the strategy of each of our investments in order to bring added value and reinforce the overall business model and growth potential.

We maintain a high degree of flexibility in the choice of the sectors in which we invest as long as they respect our ESG policy. We rather remain focused on the merits and perspectives of each company. Our network of experts allows us to quickly understand the specificities of each sector and to anticipate evolutions.

We focus our sourcing on companies with headquarters based in Europe or in the United States.

We seek to invest in companies which:

• are active in deep and growing marketsss;
• compete in industries with favorable competitive dynamics; and
• can potentially grow into relevant adjacencies over time.

We aim to be in a position which enables us to be impactful on the strategy of each of our investments in order to bring added value and reinforce the overall business model and growth potential.

We invest in companies led by seasoned and calibrated management teams who are deeply financially committed. Our investments have governance structures which reinforce the alignment between all stakeholders and optimize their contributions to value creation.

We invest in companies with tangible growth vectors, high free cash flow conversion, and attractive margins. This economic profile enables these companies to provide a compelling risk-adjusted return, and also gives the possibility of investing further in their growth or generating an annual cash return for shareholders should we remain invested for an extended period.

We seek out companies where the acceleration of value creation is possible, credible, and supported by multiple and actionable drivers. These companies should have a true strategic value which provides multiple exit options and offers a downside protection.

Characterized by an entrepreneurial family background and an 'evergreen' structure, we are a committed and supportive shareholder with a flexible investment horizon. While none of our portfolio companies are strategic to Cobepa and destinated to be held indefinitely, our flexible investment horizon offers companies the possibility to implement transformational projects to drive medium and long-term returns.

We seek to establish a real partnership between management and ourselves, based on shared business values, ethics principles and aligned interests of all parties towards the successful execution of the jointly agreed business plan.

Cobepa is a 'hands-with' type of investor, implying that we do not get involved in day-to-day management, but remain closely engaged and committed to support the company and its management to attain the goals set out in the business plan and realize the agreed equity story.

We help our portfolio companies choosing the right priorities and speed of action. We support them in their growth endeavors by closely monitoring M&A activity and opportunities, harnessing market intelligence gained through our network and shareholders, and supporting them in analyzing and executing transactions.

Having a resilient business model goes hand in hand with a resilient balance sheet. We wish to invest in transactions with moderate leverage that allow our investments to be primarily focused on their business and to distribute dividends.