Investing in Defence

The Geopo­li­ti­cal Wake-Up Call in Febru­ary 2022 (when the war in Ukraine broke out) marks a funda­men­tal rupture in the Euro­pean secu­rity archi­tec­ture. It became clear that the Euro­pean defence tech and indus­trial base was inade­qua­tely equip­ped for a high-inten­­sity, conven­tio­nal war of attri­tion on its own soil. It is precis­ely such situa­tion that gives rise to a unique oppor­tu­nity for Private Equity. The sector is under­in­ves­ted and fragmented.