Investment criteria
Investment criteria
All business challenges are unique, which is why our investment criteria serve as guidelines. Managing complexity in every situation is Lazarus’ strength.
Industry
- We are industry-agnostic but aim to maintain a balanced portfolio over time to reduce market risk.
Situations
- We invest in special situations.
- Special situations include unprofitable companies, liquidity crises, failed private equity investments, stakeholder conflicts, carve-outs of non-core operations or underperforming units from larger corporations, generational transitions, and other turnaround scenarios such as restructurings and bankruptcies.
- We only invest in companies where we can actively contribute to operational improvements.
Geography
- Our primary focus is on investments in the Nordics.
Ownership
- We only invest in cases where we can obtain controlling influence.
Revenue and Profitability
- Target companies must have been profitable at some point in their history.
- We primarily focus on companies with revenues exceeding 200 million SEK.
Instruments
- We work with the entire balance sheet and can acquire shares, receivables, or other financial instruments.
Add-on Acquisitions
- Through our portfolio companies, we conduct add-on acquisitions that contribute to value creation for our existing companies. These companies can be well-performing and do not need to be in a special situation.