Substance
Industrial, technological or operational core that survives the special situation. Documented architecture, verifiable value creation, real customers. No roadmaps. No visions.
Restructuring · Transactions · Capital
More than advisory. Responsibility, not slide decks.
Tactical stabilises companies in special situations. We secure liquidity, negotiate with lenders and creditors and execute the operational restructuring together with management. Where it makes sense, we also take on entrepreneurial responsibility as an investor. Services · Special situations · written first assessment within 72 hours.
›Submit a dealThree Terms
Substance. Special situation. Development.
If one of these conditions is missing, we do not invest.
Special situation
Operational, corporate-legal or financial adjustment need that interrupts the orderly market process. Turnaround, distressed, carve-out, spin-off, divestiture, succession.
Development
We do not extract. We stabilise, realign and develop substance long-term. Permanent capital, no fund lifecycle pressure, owner accountability.
The Observation
Special situations do not fail on valuation. They fail on coordination.
Where regulatory, corporate-legal or operational friction interrupts the orderly market process, the source of returns is no longer the entry price. It is the structuring discipline of the acquirer. That is the only place we operate.
Three Ways
Deal. Investor. Operator.
Submit a deal
You hold a mandate or position in which a special situation seeks an acquirer. Turnaround, distressed, carve-out, succession. We respond within 72 hours.
Become an investor
You seek access to the special-situations asset class as co-investor, platform participant or LP. Confidential, exclusively for qualified investors.
Operate
You are an operating partner, restructuring expert, platform CEO or cross-border specialist seeking a mandate with clear platform responsibility.
Direct
We do not extract.
We stabilise, realign and develop substance long-term.