Buyout

Impact and investment professionals exchange insights in weekly sourcing meetings and continuously run subsector studies to jointly identify companies that are attractive from a commercial and impact perspective.  An early conviction on impact is established for each deal using a standard set of questions based on the Impact Frontiers Five Dimensions of Impact.

To evaluate a company’s impact potential, Trill Impact has developed a proprietary Impact Scorecard based on the Impact Frontier’s Five Dimensions of Impact. Each investment opportunity is evaluated using the scorecard and classified based on the Impact Frontier’s ABC Classification Framework. 

Based on this assessment and aligned with the Investment Thesis, an Impact Thesis is defined, including activities required to mitigate potential impact risks. The Impact DD is complemented by an ESG DD, informed by relevant regulatory, sector and geographic guidance.

Prior to closing and based on the DD findings, Trill Impact and portfolio company management agree upon relevant impact- and ESG objectives, KPIs and targets, often set in line with industry-recognized metrics (e.g., IRIS+ impact metrics). Activities to increase the impact, that are synergistic with value creation, are agreed with portfolio company management and integrated into a Value Creation Impact Plan (VCIP). 

Impact- and ESG sponsors are appointed at portfolio company level, responsible for overseeing and driving the relevant activities.

The VCIP is drafted pre-signing and typically finalized within 6–12 months post-investment with management. It includes two tracks: Foundational practices (baseline setting, targets and remedial actions) and Strategic practices (initiatives driving both commercial and impact value creation). Progress is monitored quarterly and reviewed regularly. Impact and ESG performance is reported to investors quarterly and annually, and externally in the Annual Impact Review. The portfolio companies take ownership of implementing the VCIP with Trill Impact acting as a strategic thought partner.

Trill Impact has implemented a structured exit readiness assessment, and a responsible exit approach is integrated into each investment advisory process, including preparation of exit materials, buyer due diligence, timing and other risks/opportunities related to impact at exit. At exit, Trill Impact will measure and report impact outcomes, together with contextual data.