The perpetual owner of small- and medium-sized profitable coffee businesses

"Behind every successful person
is a substantial amount of coffee"

Madhatter is a perpetual owner of profitable niche businesses in the specialty coffee sector. We are headquartered in London and operate across Europe.

We believe in a decentralised -, non-bureaucratic- and independent governance model, where the individuals that can control the fate of the business should be trusted and empowered with the responsibility of decision making. 

We will not introduce ourselves as operational leaders in our operating companies, but rather use our team’s combined experience to be a sounding board when required.

 

For both the current- and future managers of our portfolio firms, our decentralised governance model represents independence, responsibility, swift decision-making, and minimal reporting focusing only on important performance indicators. We believe this gives our companies the right setting to enable continuous improvement of their business and processes.


 

Investment Philosophy

Madhatter invests equity capital from its own balance sheet into stable and profitable companies with strong market positions and innovative approaches in the specialty coffee market. Our investment philosophy is predicated on true long-term ownership, independent governance, and proven ability to achieve results.

We are results-oriented and determined to create value by improving the performance in our businesses over the long-term, which we believe is achieved by sustainable and profitable growth – delivered through alignment of agendas and collaboration between employees, management, board, and owners. Our relentless drive is best matched with other stakeholders through equity partnerships and long-term incentive programs which we aim to have in most of our subsidiaries.

We aim to invest in profitable companies that meet our criteria:

EBITA between 0.1 - 2 MEUR

EBITA margin of at least 10%

Continuous profit growth

Sustainable business

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