As part of a German Family Office, FORUM European Smallcaps GmbH ("FES") invests in quality businesses displaying high customer "stickiness" and robust competitive advantages.
We select companies from the European Smallcap universe with a market capitalization of € 50-500 m. / &pount; 35-350 m. as we believe this segment presents us with the most market inefficiencies.
We target an absolute return of 20-25 % p.a. over a 5-10 year investment cycle.
- 15-20 % increase in the intrinsic value of the equity we own in a business
- 5 % from multiple expansion, owing to the discount from intrinsic value
