INVESTMENT FOCUS

SOURCING OUTSTANDING EUROPEAN B2B DATA AND SOFTWARE OPPORTUNITIES IN THE FINANCIAL INFRASTRUCTURE, GOVERNANCE, RISK AND COMPLIANCE SPACE

1.

B2B data and software in the financial infrastructure, governance, risk and compliance space, headquartered in the UK and Northern Europe

2.

Businesses with proven tech and profitable growth, serving fundamentally healthy end-markets with macro tailwinds and limited cyclicality

3.

High levels of recurring revenues, retention rates, and a strong market position (niche market leader or strong challenger)

4.

Highly backable leadership teams with whom we are aligned culturally and in terms of appetite to improve and scale their businesses to the next level through our experienced guidance, networks and capital

5.

Off-market investments

6.

Majority or minority positions, and opportunities to co-invest with other PE funds where these and/or the management of their portfolio companies specifically ask for our involvement

7.

Our investment base case must provide high comfort that we will reach our minimum desired return range but with limited use of leverage, if any. We will have high focus on capital preservation in our downside cases

WHAT MAKES A TRIPLE DEAL

HIGHLY FOCUSED AND REPEATABLE STRATEGY RESULTING IN OUTSIZED RETURNS

1.

Pro-active off-market deal sourcing

2.

Strict focus on business profiles

Attractive geographic coverage

3.

Best-in class operational support

Drive transformational change

Strategic M&A and integration

4.

Strong network of strategic and sponsors to support portfolio companies on next stage of growth

TRIPLE’S SOURCING APPROACH

SOURCING IS DRIVEN BY PRO-ACTIVE SCREENING AND A VERY STRONG SPECIALIST NETWORK

Long standing relationships

Pre-empted auctions

Screening for carveout candidates

Inbound from large-cap CEOs

Deep network of tech executives & founders

Access to networks of specialist advisors

SECURING OFF-MARKET, BILATERAL DEALS  

LONG LEAD-TIME FROM INITIAL ENGAGEMENT TO CLOSING  

PROBLEM-SOLVING APPROACH KEY TO UNLOCKING ENTRY

VALUE CREATION

TYPICAL AREAS FOR VALUE CREATION

TRACTION

  • Commercial awareness and discipline:  profitable customers (LTV vs. CAC), identifying pricing variances, opportunities for multi-year subscription-based revenue models

  • Identifying and monetising product / service differentiators

  • Mapping drivers for customer / revenue retention

  • Optimising sales coverage, commercial models, commercialisation of IP and up-sell / x-sell

  • Deeper collaboration and embeddedness with customers and partners, e.g., co-sell and revenue share opportunities

  • Sourcing accelerated growth through bolt-on horizontal and vertical M&A and strategic partnerships

TECHNOLOGY

  • Ability to scale tech (e.g., cloud native)

  • Clarity of tech strategy, priories, risks, and roadmap

  • Approach to innovation and new product development

  • ‘Quality’ and leverage of existing Tech providers

  • Tech partnering for accelerated delivery

TALENT

  • Demonstrable ‘A team’ operators: Clarity of the 3+ year strategy and route to growth, priorities, competition, self-awareness and openness to incremental data opportunities

  • Appropriateness and alignment of incentive models with Triple’s value creation plan

  • Strategic partnerships for accelerated execution, growth and new market entry

  • Support the leadership and board with priority talent