Advisors · Equity Partners

Building Legacies,
Delivering Outcomes.

Troubridge Capital is a boutique equity partners and corporate advisory firm serving established private companies across Australia and New Zealand. We deliver exceptional outcomes for business owners seeking a hands-on equity partner, asymmetric returns, or divestment and succession.

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Who we work with

$2-10m EBITDA$10-120m enterprise value

Established private companiesAustralia & New Zealand

Equity

Partners, Not Just Advisors

Funds

Evergreen,
by Invitation

Exits

Divestments & Successions

Boutique

Founder-Led by Operators

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Who We Are

Built by Founders, for Founders

Advising on the capitalisation and sale of businesses like the ones we have built and run ourselves and investing as equity partners for the long term, with patient capital and no fund deadlines.

Principal-Led, Always

You deal directly with us from the first meeting to the last signature. Never a hand-off to junior staff.

Operators at Heart

We have founded, scaled, and exited businesses of our own. Our advice is built from operating experience, not textbooks.

Skin in the Game

Principal capital invested in the same market we advise and in every fund we run. Alignment with owners and investors is structural, not a slogan.

Beyond the Transaction

Our in-house operating, technology, and marketing capability, deployed for clients before a deal and inside our partner businesses after one.

Client Outcomes

In Their Words

We more than doubled revenue in six months and I've been able to take my family on holiday for the first time in seven years, the results speak for themselves.

Sergio StefanoFounder & CEO, Brokerage & Co · Equity Partner

Starting at less than $1m in revenue we rapidly scaled to $25m+. The technology integration, corporate strategy, four-year plan, and operational optimisation gave us the platform to scale.

Christopher MurphyFounder & CEO, Thrive Care Group · Equity Partner

Hands-on from day one. Operated the business, turned it around, and led the exit to a global software acquirer. Could not have asked for a better outcome.

TurnPoint SoftwareEquity Partner · Exit

Our demerger and capital raise set up eighteen months of rapid growth, and we still have them in our corner as an equity partner.

Connor O'RourkeCo-Founder & CEO, Overlay · Demerger · Equity Partner

Sector Coverage

Industry Expertise

Sector-agnostic by design, we have built deep expertise across the industries where established private companies thrive in Australia and New Zealand: as advisors on transactions, and as operators inside them. Across each, we focus on businesses with $2-10m EBITDA and $10-120m enterprise value.

Manufacturing & Distribution

Specialty manufacturing, outdoor equipment, supply chain

Technology & SaaS

Software, IT services, digital platforms

Defence

Defence supply chain, tactical equipment

Professional Services

Accounting, legal, consulting, engineering firms

Healthcare Services

Allied health, aged care, medical practices

Business Services

Staffing, logistics, facilities management

Services

Equity, Funds & Advisory

Three ways we work: as a long-term equity partner in a business we believe in, as the manager of the firm's evergreen funds, or as the advisor running a sale. Often, one confidential conversation reveals which is right.

Private Portfolio

Equity Partners

However a partnership begins, through an advisory engagement, a direct investment, or an outright acquisition, the commitment is the same: hands-on work to optimise the business, remove key person risk, and integrate agentic AI to improve efficiency and drive growth. For some owners that means a future exit; for many it means building a highly profitable business, with ownership transitioning over time.

Businesses earning $2-10m EBITDA
Succession & retirement solutions
Partial liquidity for founders
Operational optimisation & scale
Key person risk removal
Agentic AI for efficiency & growth
Patient capital, no fund deadlines
Staged transition

Evergreen Funds

Evergreen funds pursuing niche strategies, targeting asymmetric returns through hands-on, actively managed investments. Investment by application and relationship only.

Niche strategies, actively managed
Asymmetric return targets
In-house agentic AI and analytics driving returns
Evergreen: no fixed term, no forced exits
Hands-on ownership of the underlying assets
Investment by application and relationship only

Proprietary Funds

Troubridge Trail Fund I Closed

FY27 target IRR38%

Troubridge Private Fund I Closed

FY27 target IRR47%

Not open to investment.

Sell-Side M&A

Comprehensive advisory for business owners seeking full or partial exits, including divestitures and management buyouts.

$10-120m enterprise value transactions
Business valuation & positioning
CIMs, data rooms & marketing collateral
Curated competitive buyer campaigns
Deal structuring & negotiation
Due diligence management
Transaction execution & closing

Strategic & Board Advisory

High-impact counsel for owners and boards weighing the paths in front of them: sale, succession, partnership, or hold.

Exit planning & preparation
Strategic alternatives analysis
Valuation & value drivers
Acquisition & buy-side support
Succession planning support
Shareholder & stakeholder reporting

The Troubridge Difference

Value Added, Not Just Advised

Three in-house practices travel with every engagement, compounding a business for years after a partnership begins and sharpening it in the lead-up to a sale. It is the work most firms talk about. We have done it for a living.

Operational Expertise

Founder-built discipline that makes a business stronger to run and easier to buy.

Margin, pricing & unit economics
Operating cadence & KPIs
Org design & key person risk removal
Diligence-ready reporting

Technology & AI

An AI-first approach to modernisation: agentic systems, intelligent automation, and the data foundations that let a business optimise, compound, and scale.

Agentic AI & intelligent automation
AI strategy, adoption & implementation
Systems modernisation & integration
Data, reporting & optimisation

Marketing & Communications

Positioning, brand, and demand generation: the story a buyer pays a premium for, and the engine growth runs on.

Brand & market positioning
Demand generation
Sales enablement
Transaction communications

Applied for years inside the businesses we partner with. Applied before a sale for our advisory clients.

The Team

The Partners Behind the Outcomes

Every engagement is led personally by the partners: founders and operators first, advisors and equity partners second.

Edward Carlson

Managing Partner

Ed brings almost 15 years of experience across corporate development and technology, beginning his career at Google before building and exiting his own ventures as a serial founder. He leads Troubridge's corporate advisory, equity partnerships, and funds, drawing on his operating background to help established private companies scale and exit. An experienced board director, he brings particular focus to AI, strategy, finance, and risk.

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Jelle Kroon

Operating Partner

Jelle began his career leading teams in management consulting at PwC and has spent the last decade building, operating, and exiting ventures across Australia, Europe, and the UK. He works hands-on with the businesses Troubridge partners with, bringing operating experience to deliver tangible results.