We buy businesses from founder-owners
We're industry agnostic and focus on established companies with management teams in place.
About AsAc Group
We're a private investment firm based in the UK. We have been established since 2013 and now operate as an investment firm, searching for businesses to acquire.
Our long-term focus is on accumulating a diversified collection of cash-flowing businesses and recycling the cash-flow into growing each business or acquiring new opportunities.
We're specifically interested in working with founder or family-owned businesses that are actively looking to sell the majority of their stake.
All of our subsidiaries operate completely autonomously and we simply ask each management team to focus on generating long-term results that will generate ever increasing free-cash-flows.
We acquire each business with the intention of holding our shares for the remaining life of the business.
We're interested in all types of business and only engage with potential sellers who have an asking price prepared.
We do not haggle or negotiate and will confirm our interest or not in the acquisition, often, within 30 minutes.
We pay cash up-front and look to complete each deal with a minimal amount of stress or complication.
Acquisition Criteria
We're currently interested in businesses with average annual free-cash-flows of between £1m - £5m.
The purchase price is our primary consideration. We're interested in prices that reflect the intrinsic value of the business today, based on recent economic performance.
We do not pay for future growth or prospects, unless we have robust reasons to safely assume they will materialise. We're also happy to pay for these as and when they occur in the future.
We typically pay a multiple of recent free-cash-flow plus any net-cash (after debt) on the balance sheet.
The exact multiple depends on the business operation, the historical performance and any obvious opportunities that exist in the near-term.