At Lawson extremely high emphasis is put on the strength of the management team of a company, because to any investor or shareholder the execution risk eventually comes down to the capability of management to deliver results. As such, where not yet the case, we strive to complement companies´ leadership teams with world-class expertise and abilities, sometimes even with additional new members to their management (While we never get involved in the operational business, we can connect talent and resources).
As to structure, this largely depends on the case by case circumstances and existing business plans of our target investments. Lawson will be open to consider minority interest equity positions as well as full on majority stakes, if available, or investment through debt (usually listed bonds on an approved stock exchange or other trading venue). Depending on the funding structure envisioned by management, we might go as a single investor or participate only if and on a "club deal", according to our reisk-reward-analysis, size of investment and other relevant factors. We are familiar with all common and specialized investment structures.