Nimble begins by understanding the business and the conditions in which it operates, then considers the risks, the people leading it and the role it could play as an investor.
Opportunities differ in scale, stage and requirements. Sector is not the filter. Each business is examined on its own terms.
The work required varies with the stage and complexity of each opportunity.
We review the business model, market, financial position, leadership and plans for growth.
What is the business, who leads it and what does it need?
A clear understanding of the opportunity.
We consider both the potential for growth and the risks involved.
What could affect the outcome, and how likely is it?
A view of the risks attached to the opportunity.
We consider whether the opportunity fits Nimble’s investment objectives and whether the proposed terms reflect the risks and potential outcomes. The decision is made on the merits of each case.
Does the investment fit the firm’s objectives, capabilities and appetite for risk?
A decision on whether to proceed, and on what terms.
Where Nimble proceeds, the size, structure and level of involvement depend on the opportunity and the terms agreed.
What structure suits the business and the investment?
Agreed terms and a defined role for Nimble.
Involvement is shaped by the investment and the needs of the business, and may include working with owners and management on priorities, growth plans and key decisions.
Where can Nimble contribute beyond capital?
A working relationship with owners and management.
Nimble is based in Kenya and considers opportunities across East Africa, in businesses and markets where it can develop a sound understanding of the opportunity.
Investment involves risk, and there can be no assurance that a business will achieve its plans or that an investment will generate a positive return.
Risks are examined as part of each assessment.
Terms are weighed against the risks and potential outcomes.
Statements about performance or past investments are verified before publication.
Where Nimble invests, its role may extend beyond providing capital. The nature of that involvement depends on the business and the investment.
Working with owners and management on agreed priorities.
Considering plans for growth as the business develops.
Engaging on key decisions where Nimble’s involvement is useful.
The level of involvement is set out in the terms agreed for each investment.
