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Investment criteria

Naturally, all new investments VP Capital considers have to be in line with our sustainable vision and strategy. In addition, we also use very specific and economic investment criteria, of which we indicate the most important here.


  • EBITDA between € 5 million and € 20 million
  • Maximum leverage ratio 2.5 x EBITDA
  • Significant minority interest
  • Combination of organic growth and metered buy and build
  • Profitable with predictable cash flow
  • Committed management

Ventures / Start-ups

  • Proven product / service / technology
  • Positive EBITDA within a maximum of three years
  • Clearly differentiated solution(s)
  • Defensible competitive advantage and / or an intellectual property portfolio
  • Proven traction with customers
  • Asset light
  • Committed management
  • Significant minority interest

Funds / Private Equity

  • Management of the fund is evaluated on criteria like track record, integrity, commitment of management.
  • In case of Impact fund or Impact company: carried interest in relation to created impact

More investment criteria can be found in the domain report prepared for each investment domain.