Capital
N.008Jan 28, 2026
What we look for in an operating acquisition
Founder-led. Captive cost base. Margin of safety.
Research, theses, and partnership updates from across the group. We write when we have something true to say — and we keep it short.
Founder-led. Captive cost base. Margin of safety.
The economic case for environmental-recycling imports.
A short report from our China engagement trip.
Surgi-X as the procurement spine of the hospital chain.
How we think about Naira exposure in operating planning.
Why our family land portfolio includes a deliberate cross-border hedge.
A year of distribution, and what we have learned.