NWP invests £2-20 million growth capital in UK SMEs in the business and consumer services and products sectors. With our financial support and guidance, the Next Wave portfolio companies invest and expand globally.
NWP targets companies with an enterprise value of £5-70 million supported by demonstrable and sustainable profitability. We invest in four types of opportunities:
(i) Owner manager businesses: we invest into family businesses and work alongside the founding family shareholders to support the succession from family to external management teams. We provide follow-on growth capital, strategic and financial support to build the company targeting a shared exit, alongside the founding family, once the business has achieved its full potential.
(ii) Non-core corporate carve-outs: acquiring non-core divisions from large corporate vendors and working with incentivised management to stimulate cultural change and drive growth. We offer corporate vendors an experienced counter-party that will build up and not break down the business once it has passed across to private equity ownership.
(iii) Secondary growth capital: investment in, or acquisition of, successful businesses whose shareholders, whether private or institutional are unable to fund the next phase of growth. Often the company needs an injection of growth capital to finance new growth plans, international expansion, new product development, R&D or new production capacity and our equity financing provides the catalyst for a new phase of growth.
(iv) Outstanding entrepreneurial talent: putting growth capital to work backing exceptional management teams to exploit interesting market and business opportunities in segments where NWP’s network and expertise can create superior returns.