Investment criteria

We make either acquisitions or growth capital investments in profitable companies with stable cash flow generated from mostly recurring sources of revenue.

Bilgola Capital focuses on companies with EBITDA between $1,000,000 and $4,000,000 and enterprise values generally less than $20 million. Additional capital is available to support growth investments and acquisitions.

Specific sectors targeted include:

  • Business services
  • Financial services
  • Healthcare services
  • Information services

The ideal company will have:

  • A scalable business model
  • Sustainable competitive differentiation
  • Limited customer concentration
  • Majority of revenue from recurring sources
  • History of positive and growing operating cash flow
  • Attractive future organic and acquisition growth opportunities
  • Low capital expenditure requirements
  • Strong return on equity

We are generally not interested in companies that are:

  • Highly capital intensive
  • Unprofitable
  • Turnaround