Bilgola Capital makes either acquisitions or growth capital investments in two types of companies generating mostly recurring sources of revenue:

  1. Early-stage, hyper-growth technology companies generally burning cash with large addressable markets (typically SaaS companies); and
  2. Growing companies generating EBITDA of between $1-4 million and enterprise values less than $20 million.

Targeted Sectors

Specific sectors targeted include:

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

Ideal Characteristics

The ideal company will have:

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

Deals We Do Not Pursue

We are generally less interested in companies that are:

  • Highly capital intensive
  • Turnaround
  • B2C