Introductory call
The aim of this conversation is to learn more about you and the business
Providing succession, protecting your legacy
Chronos aims to be the best succession custodian for a business that has been built over many years by its founders, employees and stakeholders
Contact us
Investment Criteria
FINANCIAL
- Minimum of three-year history of profitability
- Consistent and sustainable free cash flow generation
- Revenue between £5 million and £20 million
- EBITDA of greater that £1 million
- Has ability to scale up with relatively low investment rates
- High recurring revenue with stable customer base, strong preference for companies with long term contracts
OPERATIONAL
- Based in the South-East of the United Kingdom
- Defensible market position and clarity of competitive advantage, with long-term growth prospects
- Operates in a growing and fragmented industry with low exogenous risk characteristics
- Easily identifiable growth opportunities and areas for improvement
PEOPLE
- Strong and experienced management team in place
- Employees are committed to the long-term success of the company
- Owners are agreeable to a hand-over period
- Owners seeking liquidity and ownership transition, with retirement and or succession situations preferred
- Corporate and Private Equity exits considered
We understand the sensitivities surrounding a potential sale and, as such, our goal will be to perform a discreet and expeditious process.
By managing your company with the same level of passion and care as you did, we can assure continued success for the business and stability for employees, customers, and the broader community
Our process
01
02
Meeting
Sign an NDA to maintain confidentiality for review of high-level financial information and then meet so we can get to know each other
03
Valuation
We may request additional data in order to value the business correctly and if appropriate we will present our thinking in order to discuss the future together
04
Offer
Sign a Letter of Intent and begin a detailed due diligence process — the entire process will take approximately 3-4 months
About us
Chronos Capital Limited (“Chronos”) seeks to acquire one UK-based private business in the lower middle market. Chronos’ managing principal, CJ Giddy (“CJ’), will assume ownership and personally operate and grow the business in a responsible manner that creates value for investors and employees of the business.
CJ has 21 years corporate and investment banking experience coupled with strong risk management and financial markets experience. Prior to founding Chronos , he was CEO of ABSA Corporate and Investment Banking United Kingdom. Before ABSA, he was Co-head of global markets for Rand Merchant Bank, a leading SSA corporate and investment bank.
He is a qualified Chartered Accountant (SA) and holds a Chartered Financial Analyst designation. In 2021 he received his Masters in Strategy and Leadership from London Business School with distinction.
Values
At Chronos, we understand that building a successful business requires years of hard work and dedication. We are committed to taking the business we acquire to new heights, whilst protecting the legacy created by the existing owners. We will seek to work in the interests of all stakeholders by preserving the culture, reputation, and customer relationships that have made the company successful. The company we acquire will be our sole investment and livelihood - 100% of our success is linked to the business’ success.