| Valuation method | Value, £ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 50.90 | 8110 |
| Intrinsic value (DCF) | 0.25 | -60 |
| Graham-Dodd Method | n/a | |
| Graham Formula | 4.60 | 642 |
Airesis SA is a Switzerland-based private equity and venture capital firm specializing in investments across early, mid, and late-stage ventures, growth capital, buyouts, and pre-IPO transactions. Focused primarily on the sports brands sector, Airesis also diversifies into real estate and other consumer cyclical industries. The firm typically invests between $3 million in small to mid-sized companies, often taking majority stakes and board seats to drive value creation over a 3-7 year holding period. With a development division targeting 15-20 smaller investments annually (up to $0.7 million each), Airesis emphasizes active management and controlling interests. Headquartered in Clarens with an office in Nyon, the firm operates in the high-growth leisure sector, leveraging Switzerland’s stable financial ecosystem. Despite recent net losses, its diversified portfolio and niche focus on sports brands position Airesis uniquely in the European private equity landscape.
Airesis SA presents a high-risk, high-reward proposition for investors seeking exposure to niche private equity, particularly in sports brands and consumer cyclical sectors. The firm’s 2023 financials reveal challenges, with a net income of -CHF 29.3 million and negative EPS (-CHF 0.47), though operating cash flow remained positive (CHF 3.3 million). Its low beta (0.708) suggests relative resilience to market volatility, but high total debt (CHF 107.9 million) against modest cash reserves (CHF 2.9 million) raises liquidity concerns. The lack of dividends underscores a reinvestment-focused strategy. Investors may be attracted to Airesis’s specialized sports brand focus and controlling-stake approach, but should weigh its leveraged balance sheet and sector concentration risks.
Airesis SA competes in a crowded private equity market by carving out a niche in sports brands and consumer cyclical investments, differentiating itself through hands-on governance (board participation) and majority ownership strategies. Its CHF 4.5 million market cap is modest compared to larger peers, limiting scalability but allowing agility in targeting undervalued mid-sized firms. The firm’s real estate and brand diversification mitigates sector-specific risks, though its recent losses highlight execution challenges. Competitive advantages include localized expertise in Switzerland’s stable investment climate and a long-term holding strategy (3-7 years), which contrasts with shorter-term venture capital models. However, its high debt load and negative earnings may hinder fundraising competitiveness against cash-rich rivals. Airesis’s success hinges on its ability to selectively identify growth-stage sports brands—a sector with high consumer demand but also intense competition from global sportswear giants.