We make decisions as long-term business buyers, performing in-depth fundamental research to identify companies with enduring structural and competitive advantages.

We invest in businesses that we believe are strategically positioned for consistent long-term growth and meet key investment criteria such as dominant market share, pricing power, recurring revenue stream, free cash flow and enduring competitive advantage.

We perform rigorous valuation analysis of every potential investment (discounted free cash flow, relative multiples and private market value) to ensure that we purchase the high quality business franchises we have identified at reasonable valuation levels.