VSHV-Squared Holdings/ OPERATOR-INVESTOR
ApproachValue CreationPartnershipTeamCriteriaContact
Operator-Investor — United Kingdom

We back well-run businesses on their fundamentals and partner for the next stage of growth.

V-Squared Holdings is a disciplined, criteria-led acquirer of owner-managed UK SMEs — combining capital structured with more flexibility than traditional private equity with hands-on operational involvement.

Not a conventional financial sponsor. We apply the same rigorous criteria wherever we look, and work alongside management as a close partner — backing resilient businesses and helping them grow.

£1–3mTarget EBITDA
FlexibleBeyond Traditional PE
UKCore Geography
§01 / Approach

Building Growth Platforms in UK B2B Services

V-Squared owns UK businesses that hold strong positions in their niche and generate consistently good profitability. We operate with more flexibility than a traditional private equity fund, without the rigid timelines that can constrain founder-led businesses. We hold ourselves to the same rigorous criteria wherever we look — profitable growth, asset-light economics, and management teams capable of running the business well.

This is not short-hold financial engineering. We give each management team the autonomy to keep developing the business, and focus our own efforts on continuous improvement — across the group, within each company, and in how we operate ourselves.

§02 / Value Creation

Growth on two fronts: organic and acquisition-led.

Each platform company is strengthened directly, then extended through carefully integrated bolt-on acquisitions.

Lever 01 — Organic

Operational infrastructure

We professionalise sales processes, build out financial and reporting infrastructure, and strengthen talent pipelines and operational systems — the back-office discipline that lets a founder-led business scale beyond what one person or team can manage alone.

Lever 02 — Acquisitive

Selective bolt-on M&A

Where it strengthens a business we've backed, we identify and integrate adjacent operators, capabilities, or territories — accelerating integration and capturing synergies without forcing every business into the same playbook.

§03 / Partnership

Preserve what made the business work. Add what it needs to grow.

V-Squared acts as a close, supportive partner — not an imposing owner.

01

Continuity of people and culture

The reputation, relationships, and ways of working that built the business are protected through the transition, not dismantled by it.

02

Share in the upside

Management shares meaningfully in the value created as the business grows, through whatever structure fits the situation.

03

Active partnership

We work closely with management day to day, bringing hands-on support rather than sitting back as a passive investor.

04

Liquidity with continuity

Founders gain liquidity and certainty, while the business they built keeps growing under a partner who intends to hold, not flip.

§04 / Team

Led by someone who has sat on both sides of the table.

Deal experience and operating discipline, not just capital.

Victor Bessis, Founder of V-Squared Holdings

Victor Bessis

Founder, V-Squared Holdings

Victor is the Founder of V-Squared Holdings and has eight years of investing experience across private equity and advisory. Before founding V-Squared Holdings, he spent five years at 3i Group — a leading global private equity firm — where he completed five deals across consumer and infrastructure services, deploying over €450m of equity and raising €200m of debt financing.

He began his career in investment banking at Cambon Partners in Paris, before investing at Global Founders Capital in Paris and New York. He holds a BA from the University of Cambridge and an MSc in International Finance from HEC Paris.

§05 / Investment Criteria

What we look for.

A working specification, not a rigid filter — every situation is assessed on its own merits.

Geography
United Kingdom — owner-managed SMEs
Business quality
Consistent, profitable growth with asset-light economics
Management
A capable team we can empower with autonomy to keep developing the business
EBITDA
£1–3m at entry
Growth potential
Clear headroom to professionalise operations and scale, organically or through bolt-on M&A
V-SQUARED HOLDINGS
OPERATOR-INVESTOR — UNITED KINGDOM
UK — LondonContact — [email protected]