Portfolio Companies
Businesses Built
to Endure
We acquire businesses with a clear strategic rationale and the intent to steward each toward its fullest potential — under active ownership, to institutional standards.
US$2.4B+
Total Portfolio Value
20
Companies Acquired
3
Successful Exits
US$170M
Recorded Exit Proceeds
Figures reflect the Holdings' internal portfolio register as of September 2026, available for verification under NDA as part of standard institutional diligence. Definitions and methodology: Track Record.
Illustrative Portfolio Profiles — The Analytical Template
Every profile follows the same analytical template — Situation, Transaction, Ownership, Investment Thesis, Value Creation, Current Status — the structure through which the firm underwrites and owns. Read together, the profiles show how we think, not only what we have owned. Where disclosure does not permit a field, it is withheld rather than approximated. The profiles illustrate the calibre and character of businesses the platform acquires — they are not disclosed holdings. Verified transactions are published on our Track Record page; qualified capital partners may request holdings detail under NDA.
Technology · CEE — multi-market
ActiveMeridian Systems
Situation
Succession — founder exit
Transaction
Majority acquisition, permanent capital
Ownership
Majority control · balance-sheet held
Investment Thesis
Mid-market ERP demand consolidating around vendors with local implementation depth.
Value Creation
Product professionalisation and export expansion into adjacent CEE markets.
2018 · €42M revenue · +28% growth
Healthcare · Central Europe
ActiveAtrion Healthcare
Situation
Fragmented ownership — consolidation platform
Transaction
Majority acquisition, permanent capital
Ownership
Majority control · balance-sheet held
Investment Thesis
Specialty diagnostics scaling with regional healthcare spending.
Value Creation
Network integration, clinical governance, and procurement centralisation.
2016 · €67M revenue · +19% growth
Industrials · CEE
ActiveForja Industrial
Situation
Carve-out from a Western European group
Transaction
Carve-out acquisition, majority position
Ownership
Majority control · balance-sheet held
Investment Thesis
Aerospace-grade precision components under-owned at mid-market scale.
Value Creation
Capacity investment, certification expansion, and export order book.
2014 · €89M revenue · +14% growth
Financial Services · The Balkans
ActiveCrestline Capital
Situation
Founding-stage platform — built, not bought
Transaction
Platform build, permanent capital
Ownership
Majority control · balance-sheet held
Investment Thesis
SME lending gap where bank retrenchment left quality borrowers unserved.
Value Creation
Credit discipline, product build-out, and regional licences.
2020 · €31M revenue · +35% growth
Consumer · Emerging markets
ActivePaladin Consumer
Situation
Growth capital — second-generation ownership
Transaction
Majority acquisition, founder reinvestment retained
Ownership
Majority control · founder minority retained
Investment Thesis
Premium local brands scaling into regional distribution.
Value Creation
Brand investment, channel modernisation, and export development.
2019 · €55M revenue · +22% growth
Real Estate · CEE — multi-market
ExitedVantage Real Estate
Situation
Cycle entry — mispriced institutional-grade assets
Transaction
Acquisition programme, 2012–2019
Ownership
Majority control · balance-sheet held
Investment Thesis
Grade-A commercial assets priced below replacement cost post-crisis.
Value Creation
Asset repositioning, income stabilisation, and phased realisation.
2012–2021 · 3.4× MOIC · exited 2021