Iceland Value Fund – WestMill Capital

Recapitalization of high-quality operating businesses with solid cash flow through long-term equity investment alongside current management

Opportunity

Iceland was one of the first and hardest hit countries of the recent economic crisis. Due to extreme leverage throughout the economy and sudden inflation, over 70% of operating business are either in default or in need of recapitalization. Too small for large PE funds and too unorthodox for HNW investors, Iceland offers an incredible opportunity to buy high-quality operating businesses with hard assets,  solid cash flow and a strong management team, while investing in the recovery of an well-educated, vibrant democracy.

What We Do

We provide equity to recapitalize operating businesses with existing management teams. We invest in companies with hard assets and stable cash flow who can withstand Iceland’s volatile economy. We partner with strategic investors to underwrite deals and have a local team based in Reykavik to manage investments. We plan to build a $100 MM+ portfolio by 2012.