Slide background
Slide background
Slide background
Slide background
Slide background
Slide background

Investments

Deutsche Prüfservice (DPS)

Original Investment: 2017

Deutsche Prüfservice GmbH (DPS) is an electrical testing and certification company near Düsseldorf in Germany. DPS is a fast growing B2B service company which was established in 2015 and has since grown to provide its service nationwide. Its revenues nearly doubled from 2017 to 2018.

The market for electrical testing services is growing rapidly due to an ever increasing focus on corporate risk management and employee health and safety. DPS prides itself on providing superior service, more sophisticated testing methodologies, and better data analytics helping customers minimise risks and reduce insurance cost. Competition is fragmented and there is a significant opportunity to participate in the consolidation of this market.

Caphaven is chairing the Board and supports the company with active strategic advice and operational support helping to introduce systems, processes, and management structures that can support a much larger company in the future. During the first year of its investment Caphaven also provided the interim CFO to DPS.

Caphaven triggered its option to invest further equity tranches to allow the company to continue on its fast growth trajectory which will likely include acquisitions in the future.

Rezatec

Original Investment: 2016

Rezatec applies big data analytics and AI to satellite image and radar data to produce high value solutions for customers in forestry, infrastructure, agricultural, and financial businesses. It was formed in 2012 to help businesses better manage their land-based assets, like forestry or agricultural land, making use of its unique landscape intelligence platform which aggregates large amounts of data from satellites, airborne and ground instruments. Rezatec then applies relevant modelling and mapping technology to provide critical decision support products for its customers.

These data products are available on a subscription basis through continually updated graphical web portals. They are sold by Rezatec’s direct sales force as well as through indirect partner sales channels. The company has a global customer base with a significant presence in Europe and North America. Rezatec plans to utilise its scalable system to gain a leading share in the fast growing marketplace for satellite data analytics.

Caphaven chairs the Board of Directors and actively supports the CEO and his team strategically and operationally.

PlayMoreGolf

Original Investment: 2015

PlayMoreGolf (PMG) is the first independent multi-club flexible golf membership scheme particularly targeted towards younger and occasional players. It enables golfers to become a member of a club at a fraction of the cost of normal golf club membership. Members can then play both at their home clubs and as guests at other clubs in the PMG network, using points for the rounds played.

PMG helps golf course operators to attract new customers and revenue to replace an otherwise declining pool of golfers who are willing to pay for full club membership. It actively supports golf clubs in marketing the flexible membership scheme in particular using online and social media marketing tools.

At the heart of the business is a sophisticated database and website that manages all member point balances and tee time bookings, making it easy for club members and keeping running cost and hassle for golf clubs to a minimum. Golfers typically buy 100 points for £325 and then use those points to play at their home and ‘abroad’ golf courses. They can get a handicap and play in competitions at their home club and can top up their points if they want to play more often.

PMG uses its technology to reduce the cost of golf for players while increasing revenues for golf course owners. More than 100 golf courses in the UK currently offer flexible memberships through the PMG platform.

Caphaven actively supports the PMG team’s strategy and operation at Board level.

Urban

Original Investment: 2015

Urban is a UK based online and mobile market place for professional massage, facial, manicure, pedicure and osteopath treatments. Its therapists and practitioners are all screened, insured and certified. Urban enables users to book a spa quality treatment delivered to their home, office or hotel within 60 minutes via its web, IOS and Android apps.

The technology automatically dispatches therapists using its location, diary and logistics platform to ensure accurate ETA, automated job dispatch and efficiencies so that professionals are able to spend more time on treatments and travel less. Professional therapists on the platform typically earn significantly more than if employed at a spa and users pay high street rates with the convenience of at home service.

Urban Massage is currently operating in London and other UK cities, as well as in Paris and Vienna with plans to roll out into other UK and international locations.

Neuronix

Original Investment: 2012

Neuronix is an Israeli-based company that has developed a novel, non-invasive, medical-device technology for the treatment of Alzheimer Disease. The system works by combining transcranial magnetic stimulation (TMS) to brain regions affected by the disease concurrently with cognitive training targeted to the same regions. The technology has been proven to be highly effective in multiple clinical trials, conducted both in the US at Harvard Medical School as well as in Israel. It has the potential to be the most effective treatment for slowing and potentially reversing Alzheimer’s disease currently available in the market.

The Neuronix system is already approved for sale in the EU and parts of Asia, and Neuronix started its initial sales & marketing activities in several European countries.

In parallel, Neuronix has conducted its US-FDA multi-center study in 9 major neurological institutions in the US and Israel. The company expects to conclude the FDA process shortly.

Caphaven provides active added value strategically and operationally at Board level.

Exited Investments

Dog Buddy

Original Investment: 2014
Partial Exit: 2018

DogBuddy is the biggest online marketplace in Europe offering dog-sitting and walking services to dog owners. DogBuddy merged with Bibulu, the biggest market place in Spain and the combined company now operates in many European markets including the UK, Spain, Italy, France, Germany, Sweden, and Norway.

The company vets dog sitters and provides an online marketplace for dog owners to contract dog sitters and walkers. Dog sitters are rated and Dog Buddy is the easy to use platform for contacting sitters, making the on-line payment, and communicating between owners and sitters. It also offers insurance and emergency back-up services and takes a fee in return.

Caphaven chaired the Board of Directors and provided active added value support strategically and operationally.

In November 2018 DogBuddy was sold to Rover, the largest US dog boarding and dog walking market place for a consideration consisting of approximately one third cash and two thirds Rover shares. Based on the latest Rover valuation the partial exit represents a 2x return on the weighted investment made in DogBuddy with further upside potential in the Rover shares.

Mace Montessori Schools

Original Investment: 2012
Exit: 2018

Mace Montessori Schools was a chain of nursery schools in London. Mace opened its original school near Russell Square in 2005. Since then the business had grown to ten schools and had consistently acquired and maintained a strong reputation in its local areas for outstanding care for young children.

We invested in the business in 2012 and Caphaven joined the Board to facilitate a faster expansion of Mace and to introduce stronger systems, processes and management structures. Since then the business opened and acquired a series of new schools and more than quadrupled sales and EBITDA.

Caphaven actively helped develop Mace’s growth and acquisition strategy as well as its systems and operations.

In May 2018 Mace Montessori was sold to Busy Bees, the largest UK operator of nursery schools. The MoM multiple realised on the investment in Mace was approximately 9x.

© Copyright 2014 – Caphaven Partners | Site produced by Melt Design