Alteri is focused exclusively on investing in the European retail sector. Although we have a narrow industry focus, our approach is highly flexible, both in the type of transactions we look at and the way in which Alteri deploys capital.
We target a broad range of opportunities across European retail – from performing businesses facing specific structural or stakeholder issues to highly challenged companies which require more fundamental operational and financial restructuring.
As a broad rule, Alteri invests in retailers with sales of between €100m and €3bn across Western Europe, including the UK, DACH, Benelux, the Nordics, Iberia, France and Italy. Investments are made across all retail segments, including pureplay online and also extend to retail brands and many wholesale situations.
Typically, transactions may be private equity secondaries, corporate carve outs or owner-managed businesses. Whilst Alteri’s preference is to have a controlling interest in a business, we’re comfortable with non-control investments, particularly in situations where we can deploy our operational expertise.
Alteri also has freedom to invest across the capital structure of a business, be it equity or debt, public or private.
Our investment horizons are typically three to five years.