Capidea’s level of ambition is at the same time high and realistic both when it comes to Capidea itself, but also regarding our portfolio companies and future investments. We live up to DVCA’s guidelines within responsible ownership and good management (more on information on this can be seen here
). We wish to take a step further and have developed our own CSR policies within anticorruption and good management. We work in a way that displays openness, trust, confidence and availability as some of our core competences.
We encourage our portfolio companies to work with CSR in the daily business procedures and we also include CSR as an evaluation criterion with the companies we invest in.
More about CSR in Capideas portfolio companies
A number of our companies report their CSR activities in accordance with the Danish legislation ”Årsregnskabslovens §99a”, but we encourage all of our companies to work strategically with CSR. In the portfolio companies work with CSR it is natural to focus on the following questions:
Which approach does the company have to CSR?
What is the ambition level and what are the areas of focus for the company’s CSR?
What is the company’s CSR strategy?
Which Code of Conduct and CSR policies does the company have?
Which CSR programs and activities does the company have?
How are improvements insured?
How is the company’s CSR policies fastened?
If deemed necessary we work to secure that the companies integrate CSR in their core values and business strategy. We know that CSR is a dynamic process and we understand that companies can face challenges within developing, implementing and anchoring CSR. Our goal is that CSR becomes an important part of all our portfolio companies’ agendas.
More about Capideas anticorruption policy
We do not accept corruption, hereunder blackmail and bribery in any way. Transparency and availability are important tools to fight corruption. Furthermore openness is a part of our core values that secure that Capidea acts socially responsible. It is of vital importance to Capidea that we are not involved in any form of corruption, hereunder blackmail and bribery. It is also important to Capidea that our work takes place in a respectable way where the investor’s interests are served in the best possible manner. Employees and partners at all levels have to avoid that personal gains and interests affect the work related dispositions or come in conflict with Capideas interests.
Capidea have internally defined guidelines for the scope and content of sponsorships and gifts that are either given or received. This secures that our decision processes are ethically unassailable and are perceived as such by the environment. Capidea has a zero tolerance policy within corruption in that:
Capidea does not accept or receive any form of bribery
Gifts received or given by Capidea do not exceed our internally accepted marginal limits
Our employees, through open and honest communication and information, are well equipped to withstand any potential corrupt situations in their involvement with the environment
More about Capidea’s good management policy
Our goal for our “good management” policy is to help secure that we always are an open and trustworthy investment partner. Good management is vital to creating and developing attractive work places where employees thrive and wish to be employed. We treat all parties equally and with respect. We wish to create good work places, both internally and in our portfolio companies.
Our responsibilities to our investors are based on trust and results. We know that trust is created through our own and our portfolio companies way of leading, as well as through the success of our portfolio companies. We wish to support our portfolio companies in their daily work; through understanding, professional competence and sparring with the management. We focus on securing that our portfolio companies are led by competent management teams.
More about Capidea’s investment policies
Capidea's objective is to provide superior returns to its investors by transforming the portfolio companies into more competitive and profitable entities. The value creation is due to a focused, long term development of the acquired companies, which should lead to a higher price at exit.
Capidea invests in small and medium-sized companies within trading, distribution, service, and manufacturing with an Enterprise value (total value of company on a debt-free basis) of typically up to DKK 400 million / EUR 55 million. Capidea does not invest in real estate, financial companies, venture capital, or start-up companies.
Capidea primarily focuses on Danish companies, but the fund has the opportunity to invest in Swedish companies as well.
Capidea invests in companies that meet the following investment criteria: strong and experienced management team, attractive market position, proven products and technologies in attractive sectors, and solid performance and potential for growth. Capidea is not permitted to investment in "unethical companies" and Capidea expects its portfolio companies to work with potential ethical issues relevant for all stakeholders.
Capidea carries out majority and minority equity investments in well-established Danish companies in partnership with the management team and possibly former owners. Furthermore, Capidea can invite its investors or other investors to co-invest. Capidea only carries out minority investments if a clear exit-mechanism can be agreed upon.
Capidea always has at least one partner represented on the board of directors. Typically, Capidea involves external board members with relevant industrial experience.