Investment Approach

1

Our investment team sources opportunities continuously through a trusted network that includes:

  • Advisers, lawyers, and accountants

  • Trade shows and industry forums

  • Family offices and direct relationships

  • Preservation of founder legacy and brand integrity

We focus on three core fundamentals:

  • Businesses operating in a growth industry

  • A clear and actionable value catalyst

  • Sellers who prioritise speed and transaction certainty

2

Each opportunity is underwritten with discipline and prepared for rapid execution. Our approach combines thorough analysis with practical deal delivery:

  • A fast, efficient, and distinctive diligence process

  • A detailed investment thesis with clear risk calibration

  • A pragmatic transaction approach, working closely with target management

  • PermaInvest bears 100% of pre-deal costs. If a transaction does not proceed, those costs are absorbed internally and are not passed on to a third party.

3

  • Transactions are structured to suit the specific circumstances of each business and shareholder group. We pursue either full ownership or strategic partial acquisitions.

  • For minority investments, PermaInvest typically seeks:

  • Status as the largest minority shareholder, or

  • A controlling position of 50%+, where appropriate

  • One or more Board seats to support governance and execution

  • A structured, measured transition for exiting vendors or senior manager

4

We design capital structures to maximise efficiency, flexibility, and long-term value creation:

  • A tailored and efficient capital stack for each transaction

  • Post-equity leverage optimised to suit the industry and business profile

  • Debt-to-equity ratios determined on a case-by-case basis

  • Through established lender relationships, we are often able to secure debt financing on favourable commercial terms, enabling competitive pricing and faster completion

5

The originating deal team remains actively involved as the operating partner, executing the agreed value-creation plan throughout the investment lifecycle. Our focus includes:

  • Strengthening corporate governance

  • Delivering managed turnarounds

  • Supporting founder transitions

  • Driving operational improvements and governance uplift

  • Executing acquisitions, mergers, and bolt-on strategies

We work closely with management teams to implement practical initiatives that enhance performance, resilience, and long-term enterprise value.

6

Our investment model is designed to deliver attractive outcomes within a defined timeframe while maintaining alignment among stakeholders.

  • Average hold period: Approximately 3.1 years

  • Target outcomes: ~2.0× MOIC or ~25% gross IRR, subject to market conditions

  • No automatic capital recycling

7

  • Exit proceeds are distributed promptly:

  • Typically, within 10 business days via an Australian trust structure

  • No escrow arrangements

  • No claw-back waterfalls