Candover Investments plc's principal investment focus is investing alongside funds managed by Candover Partners Limited, its wholly-owned subsidiary. These funds focus on mid-to-large European buyouts with an enterprise value typically in excess of €500 million, although investments may also be made in larger or smaller businesses, both inside and outside Europe. Typically, the Company invests €25 million to €100 million in these buyouts.
The funds managed by Candover Partners Limited have a strategy to invest in a wide range of industries and countries, mainly in Europe, to ensure there is diversity in the portfolio. As a result, at any given time, Candover Investments plc's portfolio will contain a risk profile that is balanced both by geography and investment sector.
Additionally, the Company makes direct investments, and makes commitments to other funds, inside and outside Europe.
Candover Investments plc will not invest, on acquisition, more than 15% by value of its investments in a single business or company or more than 15% of its total assets in any other listed closed-ended investment funds.
Candover Investments plc actively manages its balance sheet and levels of gearing in light of prevailing economic conditions. Net gearing is not expected to exceed 20% of net assets over the investment cycle and at no time will it be greater than 40% of net assets, at the time any gearing is taken out.