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  • 01

    Strategy and DNA

    Strategy and DNA

  • 02

    Diversification

    Diversification

  • 03

    Management

    Management

  • 04

    Q&A

    Q&A

  • 05

    Reports

    Reports

  • 06

    Contact us

    Contact us

The Fund
for restructuring
and appreciation
of Enterprises

Providing up to € 5M to Real Economy Enterprises, Industry 4.0 growth startups and Real Estate business in CEE, we give groundbreaking leverage for restructuring they need to recover, scale-up and succeed.

Strategy and DNA 01.

Investment model

Averton Sterling is a restructuring and development fund which provides financial capital and advisory methodology to build value of operating companies and properties in 3 models:

  • Involvement in the area of restructuring management, optimization, development and value building of portfolio enterprises.
  • Readiness to provide financial and consultancy capital in investment rounds for business scaling (phase III to M&A).
  • The Fund’s partnership in the mediation and capital model between the enterprises, shareholders and creditors (banks).
Portfolio
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_ Recycling & Renewable Energy

One of the strongest responses to the pace of changes in the relationships between energy consumers and the natural environment.

  • Development, Venture, Scaling

  • Mergers, Acquisitions, Restructuring

  • Real estate, Receivables, Secured assets

_ FinTech

The future of the application for a global population of individual users based on the infrastructure of capital market institutions.

  • Development, Venture, Scaling

  • Mergers, Acquisitions, Restructuring

_ Biotechnology

A fusion of technology, biology and medicine. One of the fastest-growing segments of innovative economy that actually changes the quality of life.

  • Development, Venture, Scaling

  • Mergers, Acquisitions, Restructuring

_ Industry 4.0

Intelligent conjunctions of cyber-physical systems of production and mobility of objects and data transmission.

  • Development, Venture, Scaling

  • Mergers, Acquisitions, Restructuring

_ Massproduction

Real economy, mass production and specialized industry.

  • Development, Venture, Scaling

  • Mergers, Acquisitions, Restructuring

  • Real estate, Receivables, Secured assets

_ Secured assets

Definition of competitive advantage in process innovation, effectiveness of capital raising, high input / output ratio, security, vision in strategic management.

  • Development, Venture, Scaling

  • Mergers, Acquisitions, Restructuring

  • Real estate, Receivables, Secured assets

_ Real estate

Discounted acquisitions, restructuring and development, unique design of marginal utility for the end user, organizational agility, commercialization and sale.

  • Mergers, Acquisitions, Restructuring

  • Real estate, Receivables, Secured assets

_ E-commerce

In post-pandemic conditions, the undisputed winner of the so-called new normality in the area of goods exchange. An exponentially growing segment, dynamized by the development of the Internet, social media and systemic restrictions on personal mobility.

  • Development, Venture, Scaling

  • Mergers, Acquisitions, Restructuring

_ Mobile apps and 5G technology

Market implementation at fifth-generation technology mobile applications.

  • Development, Venture, Scaling

  • Mergers, Acquisitions, Restructuring

_ Art & Collections

Investments in art collections of acknowledged authors, with a high dynamic of growth in the valuation of works of art, considered carriers of material value.

  • Real estate, Receivables, Secured assets

_ Classic Automotive

Medium-term investments in assets not correlated with the economic situation.

  • Real estate, Receivables, Secured assets

Expertise

 

Audit and Due Diligence Remodeling Strategic consulting Investment strategy Financing and capital Management support Building value M&A

Consultancy 

Venture Capital 

Private Equity 

Investment Bank 

Public subsidies 

Averton Sterling 

Diversification 02.

Selection of targets and proven business remodeling methodology allow for execution of investments resulting in above-standard ROE.

 

The diversification of investments is guaranteed by the Statutes and the Regulations of Averton Sterling Fund and confirmed by an entry in the Register of Alternative Investment Companies regulated in Poland by Polish Financial Supervision Authority (UKNF).

Restructuring

Mergers

Acquisitions

Development

Venture

Scaling

Properties

Receivables

Secured assets

03. Management

Jakub Niestrój, Ph.D.

Extensive experience in the field of restructuring, investments and project management for large enterprises and SME sector, start-ups, State Treasury companies and public administration. Supervision over the implementation of projects > € 100M.

In 2015-2018, shareholder and board member of the Alteverso Group companies. Responsible for the implementation of priority projects in several dozen enterprises, as well as for obtaining financing and building a professional network in the region of CEE and Western Europe.

In the past an expert at WYG International – a company of the British WYG Group, listed on the London Stock Exchange, specialized in economic and engineering consulting and Senior Consultant at Simon Kucher & Partners – a leading pricing and sales management consultancy.

Investor and member of supervisory boards of diverse advisory and investment companies. Co-owner in Crowdway.pl – leading Polish equity crowdfunding platform.

In 2012 awarded the academic PhD title in the field of Economics.by the decision of the Council of the Faculty of Management at the University of Economics in Katowice.

Mateusz Mazur L.C.

For several years associated with the investment and financial market. Initially operating in the legal industry, then in the corporate and private debt and finance sector.

Board Member and supervisory boards member of significant capital groups (Navi Group SA, GK Prodigo SA).

Passionately involved in design and implementation of ambitious capital projects with a unit value of several hundred million Euro.

An expert on the debt trading market and the industrial waste-management sector implemented in the circullar-economy and zero-waste models.

Legal advisor with extensive transaction experience. He participated in the largest Polish projects carried out in the ESCO and PFC formula, in which he implemented securitization solutions. He cooperated with capital market institutions, responsible e.g. for asset-management ventures. He has restructured enterprises in the trade and sales sector and manufacturing industries.

He specializes in the field of effective structural and financial transformation, combining the ability to rebuild the value of enterprises in the process of change, as well as those at risk of bankruptcy or liquidation.

Karina Januszko, C.O.O.

Operations Director of the Fund. Responsible for the implementation of the Fund’s strategy, acquisition of investment capital, M&A business development, and management of strategic projects.

A graduate from Warsaw University of Technology and the Medical Academy. She connected her career with the investment market, successfully developing business in senior management and directorial positions, including in: Bank BZWBK, Bank Millenium, Xelion, Kredyt Inkaso, Investment Union, SAF, Aforti.

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Q&A 04.

Investors

Enterprises

What are the benefits on taking up the Fund's shares?

Investors benefit with the possibility of multiplying capital in projects significantly exceeding the standard rates if return on capital (ROE).

Individual investors gain the opportunity to participate in investment projects profitable sector reserved for private -equity.

What is the minimum and maximum value of investment ticket?

The amount of the investment ticket for private investors is variable and depends on terms and conditions of the issue and the structure of the project. As standard, investment tickets have a value from 0.5 to 10M PLN for Polish projects and 0.1 to 5M Euro for foreign projects.

The minimum investment ticket for institutional investors is PLN 10M (ca. 2.5M Euro).

What is the legal form of investment instruments?

01. Equity instruments

02. Debt instruments (corporate debt)

03. Mezzanine instruments

In what sectors of the economy does the Fund invest?

The fund implements investment objectives in 11 sectors of the economy and 3 investment models.

The sectors:

01. Real Estate

02. Mass production

03. Renewable energy

04. Biotechnology

05. Assets secured, including receivables

06. E-commerce

07. Mobile applications and 5G technology

08. Industry 4.0

09. FinTech

10. Artificial intelligence

11. Art and collections

Investment models:

01. Restructuring, mergers and acquisitions

02. Business development, venture and scaling

03. Real estate, receivables and secured assets

What is the difference between Averton Sterling and other funds operating on the market?

Averton Sterling enables participation in profitable projects focused on rebuilding value of enterprises by combining VC fund, consulting company and private equity model:

01. Audit and Due Diligence

02. Optimization and remodeling

03. Strategic consulting

04. Investment strategy

05. Financing and capital

06. Management support

07. Building value

08. M&A

Under what conditions is the divestment and exit of the Fund performed?

From the Investor’s perspective: 36 – 60 months in “pure equity” investment programs and 24 – 36 months in in “corporate debt” investment programs.

From the perspective of Enterprise, the investment policy and the Fund’s operating model assume the ability of the Parties to define exit terms at the stage of the Investment Agreement (IA). The investment agreement defines an algorithm that allows the calculation of exit parameters depending on the KPI values ​​defined in the IA.

Exit models:

01. IPO (stock exchange debut)

02. MBO

03. PUT option at pre-defined IRR

04. M&A by the Strategic Investor at pre-defined IRR + premium for value increase at Transaction.

What are the capital sources?

The fund is supplied with public as well as Polish and foreign private capital.

What is the price of subscription for 1 participation unit or Fund certificate?

The offer depends on the terms of the relevant issue of shares.

What is the target value of the Fund?

The target value of the Fund is PLN 200M (~ € 45M)

How can you obtain information on the current investment offer?

For current investment offer please send your request to: office@averton-sterling.com

What are the key priorities of the investment strategy?

The Fund defined three unique elements, allowing for significant leverage of efficiency in building net value assets, multiplying Investors’ profits in 3 models:

01. Scaling to M&A. Readiness to provide financial and substantive capital in investment rounds for business scaling (phase III to M&A)

02. Interim strategic management. Involvement in ​​restructuring management, optimization, development and value building of portfolio enterprises.

03. Mediation and capital partnership. Fund partnership in the mediation and capital model between the enterprise, shareholders and creditors (Bank).

What is an investment horizon for private investor?

From the Investor’s perspective: 36 – 60 months in “pure equity” investment programs and 24 – 36 months in in “corporate debt” investment programs.

What is the model of cooperation between the Fund and Enterprise?

The Fund carries out the due diligence, then terms of the investment agreement are defined, as well as volume of capital commitment, goals to be achieved and disinvestment parameters.

The Fund, in close cooperation with the Management Board and the Owner of the Company, designs and then implements the programs incl. restructuring, optimization of the business model and development investments in order to increase the value of Enterprise.

The model of cooperation with the Fund is characterized by 3 elements:

01. Direct capital commitment and strategic management support.

02. Orientation to strategic goals and building enterprise value.

03. Exit conditions dependent on restructuring efficiency indicators.

What is the process of qualifying the Company for investment?

The investment policy of the Fund provides a 2-level verification of the investment decision process. A positive result of the validation of the first level requires an analysis of legal and financial compliance. The second level requires a positive test of 4 out of 6 investment criteria by the Investment Committee:

01. Real economy enterprises and secured assets

02. A committed and determined management team

03. ROI perspective in 12 – 36 months

04. Scalable business model

05. Consent to optimize structures, processes and business model

06. Exit terms pre-defined in the Investment Agreement

In order to submit a project please send an application with teaser pitch-deck to: office@averton-sterling.com

Is the Averton Sterling Fund different from other funds operating on the market?

Averton Sterling builds a competitive advantage at the interface between expertise of investment fund, consulting company and interim management for venture projects and companies undergoing dynamic distressed or growth change.

As an independent capital and advisory partner, it offers cooperation in restructuring or optimization to selected enterprises in a way that is unique on the market, combining 3 priorities of cooperation with the Enterprise.

01. Direct capital commitment and strategic management support

02. Orientation on goals and building enterprise value

03. Exit parameters depend on the output KPI of restructuring.

What are the benefits for the enterprise from cooperation with the Fund?

The main benefit for the Enterprise is to stop the negative trends caused by the decrease in financial liquidity, business model modification, transferring know-how in the area of ​​business scaling and rebuilding value of the company’s valuation.

Does the Fund have a controlling equity stake in the company's share structure?

Taking over a controlling stake of shares or stocks is not the priority or deal breaker for Fund’s involvement.

Under what conditions is de-investment of the Fund performed?

The investment policy and the model of the Fund’s operation assume the ability of the Parties to define the conditions of exit at the stage of the Investment Agreement (IA). The investment agreement defines an algorithm that allows the calculation of the Fund’s disinvestment parameters depending on the KPI values defined in the UI. The Fund’s disinvestment models are:

01. IPO (stock exchange debut)

02. MBO

03. Put Option at pre-defined IRR

04. M&A by the Strategic Investor at pre-defined IRR + premium for company valuation increase  at Transaction.

In what sectors of the economy does the Fund invest?

The fund implements investment objectives in 11 sectors and 3 investment models.

Sectors:

01. Real Estate

02. Mass production

03. Renewable energy

04. Biotechnology

05. Secured assets – incl. receivables

06. E-commerce

07. Mobile applications and 5G technology

08. Industry 4.0

09. FinTech

10. Artificial intelligence and big-data

11. Art and collectibles

Investment models:

01. Restructuring, mergers and acquisitions

02. Business development, venture and scaling

03. Real estate, receivables and secured assets

What parameters should the Enterprise meet in order to cooperate with the Fund?

The investment policy of the Fund provides a 2-level verification of the investment decision process. A positive result of the validation of the first level requires an analysis of legal and financial compliance. The second level requires a positive test of 4 out of 6 investment criteria by the Investment Committee:

01. Real economy enterprises and secured assets

02. A committed and determined management team

03. ROI perspective in 12 – 36 months

04. Scalable business model

05. Consent to optimize structures, processes and business model

06. Exit terms pre-defined in Investment Agreement

In order to submit a project please send teaser and pitch deck to: office@averton-sterling.com

What is the typical investment cycle time of the Fund?

The Fund’s investments are carried out in 3 time horizons:

01. Short term projects (12 months)

02. Mid-term development projects (18-36 months)

03. Strategic projects (36-60 months)

What are the Fund's capital sources?

The fund is supplied with public capital as well as Polish and foreign private capital.

In what form is the investment conducted?

01. Equity instruments

02. Debt instruments (corporate debt)

03. Mezzanine instruments

How does the fund invest in real estate?

The fund purchases real estate, fixed assets or organized parts of enterprises in order to extract real estate assets, restructure, optimize formal and legal matters, carry out the design process, obtain appropriate approvals – in order to increase the value of the property for further resale.

Reports 05.

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New

Registration of the first special purpose asset appreciation fund "Alpha"

As part of Averton Sterling, registration of the first special purpose asset appreciation fund "Alpha" has been registered.
Applications for collection of offers can be sent to the email address: operations_alpha@averton-sterling.com.

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New

The challenges of the investment market in Poland - restructuring, consolidation, MBO, succession

Global measures often do not reveal important processes and trends taking place at the mesoeconomic level. A maturing economy requires from developing enterprises more and more productivity and economic efficiency.
Lower-value debit including the value of non-performing loans (NPL), is growing regularly in Polish enterprises. In the SME sector in 2017-2019, this increase was as much as 28% and amounts to PLN 27 billion. This phenomenon was accompanied by a regular increase in the number of bankruptcy and restructuring proceedings. In 2019, 1019 proceedings were pending in Poland (15% more than two years earlier). Experience shows that Polish restructuring is not associated with business remodeling, and most often takes place in the mode of minimizing creditors losses in the face of bankruptcy. This phenomenon is a systemic gap in Poland and results from the low confidence of market participants in tripartite solutions, as well as from the low popularization of distressed & insolvency funds.  

Read more

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New

SARS CoV-2 as a delayed-action cumulative recession factor

Epidemia wywołana wirusem SARS CoV-2 w istotny sposób wpływa na realia gospodarcze i społeczne. Na skutek pandemii, nastąpiły znaczące zakłócenia w funkcjonowaniu biznesu, szczególnie w sektorze MŚP.
The SARS CoV-2 virus epidemic significantly affects the economic and social realities. As a result of the pandemic, there have been significant disruptions in the functioning of business, especially in the SME sector. The diagnosis of recessionary phenomena directly and indirectly influencing the realities of the functioning of Polish enterprises allows us to conclude that, similarly to the crisis in 2008-2012, now it will also be necessary to implement recovery programs in many enterprises most affected by the negative effects of the epidemic. Economic disruptions caused by the epidemic, causing a significant decline in economic activity, include:
  • demand regress as a result of a decrease in consumption
  • decline in corporate revenues and individual consumers` income
  • instability in financial markets, including inflation, falling asset prices, rising commodity prices, weakening exchange rates and deteriorating liquidity
  • turbulence related to the disruption of supply chains
  • limited availability of investment, working capital and consumer loans
  • deterioration of the general condition of enterprises and decline in consumption moods.
It is estimated that the financial gap in the enterprise sector in Poland related to the negative impact of the pandemic amounts to PLN 220 billion, which constitutes approx. 10% of Poland`s GDP, of which PLN 117 billion is the financial gap in the SME sector.

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Contact us 06.

Warsaw

ul. Poznańska 37
00-689 Warsaw, Poland

+48 22 490 50 00
office@averton-sterling.com

London

63-66 Hatton Garden
London, EC1N 8LE
United Kingdom

+44 203 930 16 52
office@averton-sterling.com

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