We understand the drivers of demand in the sectors in which we invest and this enables us to recognise the potential of both new ideas and young companies requiring growth funding. These sectors currently include applied technology, energy, healthcare and medical, media and leisure and real estate. We do, however, retain the freedom to invest outside our core sectors in order to take advantage of opportunities when they arise.

 

Investments are principally in the UK and US, although the Company is not restricted from expanding into other markets.

 

A deep knowledge of our chosen sectors acquired over many years allows LMS Capital to invest in and with leading management teams, however, the Company undertakes rigorous inquiry and carries out full due diligence into new investments to understand the investee company’s business, evaluate information on their market place and competition, meet their management, directors and existing shareholders and if necessary commission reports from external experts.

 

We also understand the cyclical nature of the sectors in which we are working in and through taking long-term positions are able to adjust our economic interest to reflect the longer holding period. One of the principal characteristics of LMS Capital which differentiates us from other private equity investors is the time horizon over which we are able to invest. As an active, and supportive, long-term investor we are not constrained by the fixed investment periods (typically three to five years) of most private equity funds. It is not uncommon for us to hold investments for longer than this where we believe that this will deliver greater shareholder value.

 

The Board will continue to manage the Company's portfolio in line with its overall objective. In this regard, we may make realisations from within the existing portfolio where we believe that the proceeds of realisation could generate better returns if deployed elsewhere.