Investment Approach

Your life’s work deserves a respectful successor.

Source — Year-Round Origination

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

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

Efficient Transaction Management

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.

Acquisition Structure

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

Capital Structure

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

Create Value — Hands-On Operating Partnership

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.

Liquidity & Returns Discipline

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

Refinancings or partial exits distributed pro rata unless shareholders consent

Exit proceeds are distributed promptly:
Typically within 10 business days via an Australian trust structure
No escrow arrangements
No claw-back waterfalls