Richland Business Partners
Richland Business Partners (Richland BP) invests in a collection of extraordinary businesses. Operating decisions for the various Richalnd BP businesses are made by managers of the business units. Investment decisions and all other capital allocation decisions are made for Richland and its subsidiaries by Richland's founding members.
Acquisition Criteria
We are eager to hear from principals or their representatives about businesses that meet all of the following criteria:
At Richland BP we are not interested, however, in receiving suggestions about purchases we might make in the general stock market. Furthermore, we will not engage in unfriendly takeovers and we don’t participate in auctions. We can promise complete confidentiality and a very fast answer – customarily within one week – as to whether we’re interested.
- SMME purchases (at least R2 million of pre-tax earnings unless the business will fit into one of our existing units),
- Demonstrated consistent earning power (future projections are of no interest to us, nor are “turnaround” situations),
- Businesses earning good returns on equity while employing little or no debt,
- Management in place (we can’t supply it),
- Simple businesses
- An offering price (we don’t want to waste our time or that of the seller by talking, even preliminarily, about a transaction when price is unknown)
At Richland BP we are not interested, however, in receiving suggestions about purchases we might make in the general stock market. Furthermore, we will not engage in unfriendly takeovers and we don’t participate in auctions. We can promise complete confidentiality and a very fast answer – customarily within one week – as to whether we’re interested.