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Diugo Capital is a search fund based in Canada, established to acquire and operate a single privately held business. Founded by Nnamdi Moh, the firm focuses on providing non-traditional exit strategies for business owners in Canada and the United States. The organization emphasizes long-term stewardship, operational continuity, and the preservation of company legacy and culture.
Currently, Diugo Capital operates with a team of former operators and entrepreneurs, although the exact team size is not specified. The firm targets businesses with significant annual revenues, aiming to ensure sustained growth and stability for the companies it acquires. Diugo Capital is located in Calgary, Alberta, and operates primarily in North America.
Diugo Capital seeks to invest in businesses that demonstrate a strong B2B service model, are sizeable and growing, and operate in a fragmented competitive landscape insulated from tech disruption. Target companies typically have over $5 million in annual revenues and $1 million or more in EBITDA with a margin of 15% or greater. The firm looks for businesses with a history of sustained revenue growth and profitability, ideally with three years of continued profitability.
In addition to financial metrics, Diugo Capital is interested in owners seeking liquidity or an exit, along with a competent management team. The firm’s investment strategy emphasizes preserving the legacy and culture of the acquired businesses, ensuring operational continuity and long-term growth.
Diugo Capital focuses on acquiring a single privately held business rather than maintaining a diversified portfolio. As such, specific portfolio companies are not publicly listed. However, the firm targets businesses that meet its investment criteria, which include:
While no notable exits or current portfolio companies are specified, Diugo Capital's approach is to ensure operational continuity and sustained growth for the businesses it acquires.
Nnamdi Moh - Founder, Principal. Nnamdi Moh has a background as an entrepreneur and operator, bringing valuable experience to Diugo Capital. His expertise lies in identifying and acquiring businesses that align with the firm's investment strategy. Nnamdi is committed to preserving the legacy and culture of the companies Diugo Capital acquires.
To pitch to Diugo Capital, founders should use the email address hello@diugocapital.com. It is important to include a comprehensive overview of the business, including financial metrics, growth potential, and the existing management team. The firm appreciates detailed pitches that align with their investment criteria.
Response times may vary, but founders can expect a thorough review of their proposals. Warm introductions are beneficial but not strictly necessary.
As of October 2023, Diugo Capital has not publicly reported any recent investments, exits, or fund raises. The firm continues to focus on its strategy of acquiring and operating a single privately held business in North America.
What are Diugo Capital's investment criteria?
Diugo Capital invests in B2B service businesses that have over $5 million in annual revenues and $1 million or more in EBITDA with a margin of 15% or greater. The firm looks for companies with a history of sustained revenue growth and profitability.
How can I pitch to Diugo Capital?
Founders can pitch to Diugo Capital by reaching out via email at hello@diugocapital.com. It is advisable to include detailed information about the business model, financial performance, and growth potential in the pitch.
What makes Diugo Capital different from traditional venture capital firms?
Diugo Capital operates as a search fund, focusing on acquiring and operating a single business rather than building a diversified portfolio. This allows for a more hands-on approach to management and a commitment to preserving the legacy and culture of the acquired business.
What geographic areas does Diugo Capital focus on?
The firm primarily targets businesses located in Canada and the United States, emphasizing the importance of local market knowledge and operational continuity.
What type of support does Diugo Capital provide to portfolio companies?
Diugo Capital adds value through operational expertise and a commitment to preserving the legacy and culture of the businesses it acquires. This includes ensuring long-term growth and stability for the acquired companies.
What is the typical check size for investments made by Diugo Capital?
While specific check sizes are not disclosed, Diugo Capital targets businesses with significant financial metrics, indicating that investments will align with the size and growth potential of the target companies.
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