Capital that buys companies, not runway.

Norway is full of small companies that make money and have no buyer. The owner is approaching retirement, the children are not taking over, and no fund looks at anything this size. They change hands at a few times annual profit.

The reason the price is low is usually the same: the profit leaves with the owner. So we buy the ones where it does not — where someone other than the owner runs the day, the customers come back, and the work has never been done digitally.

The return is the annual profit from companies we keep. A sale can happen, but nothing in the model depends on one.

• The equity portion of an acquisition. The bank lends against the cash flow of the company being bought; the equity is the part that has to be ours.
• Stock and agency commitments when Crest Commerce takes on a brand that has no Norwegian dealer.
• Nothing else. Not salaries, not marketing budgets, not a runway to be burned.

Capital is raised against a specific company, at the point where there is something to buy — not held in advance against a plan.

• Accounts, and the figures behind each business.
• The companies we are looking at, and what we think they are worth.
• Terms. They are discussed, not published.

Write to us and say who you are. We answer the same week, including when the answer is no.

Both addresses below reach a person, not a form. Tell us who you are, what kind of exposure you are looking for, and roughly what you would put to work.

philipstave@outlook.com · erikmoepost@gmail.com

This page is information about the company. It is not an offer of shares or other securities, and nothing on it is investment advice.