Three Hills Capital Partners

Three Hills Capital Partners (THCP) is an innovative London-based investment platform renowned for its distinctive approach to providing flexible capital solutions to mid-market companies across Europe. Unlike traditional private equity or debt providers, THCP employs a hybrid investment model that blends characteristics of both, offering bespoke, non-dilutive or minimally dilutive capital alternatives to entrepreneurs and founders. This unique strategy positions them as a preferred partner for established businesses seeking growth capital without significant equity dilution, fostering long-term partnerships built on shared objectives.

The firm primarily targets profitable, cash-generative businesses with strong fundamentals and growth potential, typically operating within enterprise values ranging from €100 million to €500 million. Their sector focus is broad, encompassing consumer, business services, industrials, and healthcare, reflecting a diversified portfolio strategy. THCP's investment philosophy emphasizes supporting management teams in achieving their strategic goals, leveraging their expertise to enhance operational efficiency and market positioning rather than imposing a controlling stake. This collaborative approach is a cornerstone of their value creation process.

THCP's investment tickets for first cheques typically range from €30 million to €150 million, translating to approximately $32.4 million to $162 million based on recent exchange rates. This substantial check size underscores their commitment to significant, impactful investments in established companies. The firm recently demonstrated its robust fundraising capabilities by closing its latest fund, THCP IV, at €1.5 billion (approximately $1.62 billion) in 2023. This successful fundraise highlights strong investor confidence in THCP's differentiated strategy and its ability to generate attractive returns through its flexible capital solutions.