Covalent Capital | Forming Strong Partnerships

Covalent Capital is a principal-backed holding and investment group focused on acquiring and supporting operating businesses with strong potential for long-term value creation.

We partner with founders, management teams, and co-investors as principals, to build resilient businesses through operational excellence, disciplined financial structures, and hands-on ownership.

What We Focus On

Purpose-Led Investing in Established Businesses.
We specialize in transforming low-yielding, underperforming businesses into high-performing assets through our equity capital, operational excellence and long-term partnerships.

- Small to Mid-sized operating businesses
- Strategic co-investments with aligned partners as principals
- Hands-on operational and commercial value creation


How We Work

Each investment is evaluated and structured independently, with clear governance, defined ownership rights, and a long-term perspective.

Covalent Capital does not act as a fund manager and does not provide discretionary investment management services.

Fundamentals

About

A proprietary investment company specialized in acquiring and transforming businesses with strong potential for value creation in Industrial and Chemical Manufacturing in IMEA & SEA

Our Vision

To create enduring value by empowering businesses to unlock their full potential.

Our Mission

To deliver higher returns by combining operational expertise with strategic focus on EBITDA and market share growth.

Proven Expertise

50+ years industry knowledge with a proven track record of transforming businesses.

Operational Excellence

Process and data driven framework to drive efficiency and growth in portfolios.

Flexible Execution

On time decision-making with customized investment strategies tailored to each opportunity.

Empowerment

Decentralized decision-making allowing management teams to operate efficiently.

Accountability

Transparent governance to ensure alignment with stakeholder goals.

Collaboration

A partnership-driven approach empowering the leadership team.
FOCUS ON

CREATING EXCEPTIONAL VALUE IN SMALL TO MID SIZED MANUFACTURING BUSINESSES IN IMEA & SEA

Strategy

Strategic Initiatives

  • Strengthen Management Team and Board oversight
  • Optimize Legal Entity structuring

Enablers

  • BOD driven structure on Portfolio Company & SPV level
  • Resilient, agile and compliant team
  • Well-defined SHA

Strategic Initiatives

    Define clear turn-around plans, with concrete, target based, operational and commercial improvements. Execute the improvement plans, track implementation Strengthen team capabilities.

Enablers

  • Sourcing optimization through largest network in the region
  • Innovation through unique network of technical experts
  • Tailored Commercial Strategies, focused on new channels and new partnerships

Strategic Initiatives

  • Ensure Financial health of P&L and Balance Sheet
  • Implement NWC & Cash Flow optimization

Enablers

  • Own Capital
  • Capital of strategic partners invested as principals alongside us on a deal-by-deal basis
  • Operational & Commercial Improvements
  • Risk mitigation strategies
MARKET OPPORTUNITIES
Underperforming Businesses
Target under performing businesses for strategic turnaround.
MNCs Carve-Out
Acquire non-core business units with untapped potentials, utilizing unique connections with MNC’s.
Founder - led Companies
Founders needing capital to scale.
Retirement Sales
Businesses with strong operational fundamentals, looking for succession.
TRUST PILLARS:

Credibility & Mindset

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CREDIBILITY

  • Proven track record, building scalable, profitable businesses
  • Deep sector knowledge in Performance & Specialty Chemicals
  • Strong network across IMEA, APAC and NA across Industries
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MINDSET

  • Combination of Strategic vision & Operational expertise
  • Hands-on experience from due diligence to integration, to operational and commercial value creation, to successful exits
  • Entrepreneurial mindset vital for early-stage investment platform

Pillars for Building Trust with New Target Companies & Investors

OUR TEAM

Experienced Team with Unique Sector Expertise

Covalent Capital CEO Harm Peters
Leadership

CEO: Harm Peters

Transformational Leadership
  • With over 20 years of global leadership in Chemical, Industrial and Consumer Goods MNCs in more than 40 countries, Harm has led complex M&A, post-merger integrations, and turnarounds. His experience spans the full value-creation cycle, from strategy and transactions to operational and commercial improvement and exits. He holds dual Master’s degrees in Engineering and Economics.
Finance

CFO: Abdul Mannan

Financial Strategy
  • With 12 years of experience across PwC and manufacturing, he is a Chartered Accountant with strong expertise in financial management and strategic planning. His command of finance and operations drives disciplined execution, efficient capital use, and sustainable long-term value creation.


Covalent Capital Operations Director: Dr. Hartwig Droegemueller
Operations

Operations Director:
Dr. Hartwig Droegemueller

Operations Excellence
  • With decades of experience in large-scale German MNCs & extensive exposure in Southeast Asia, he specializes in optimizing processes for maximum efficiency and cost-effectiveness. His expertise ensures seamless and scalable production, meeting the highest standards of operational excellence.

Business

Business Director: Driving Strategic Growth

  • With 15 years of experience in the chemical industry and an Engineering & MBA background, he brings expertise in team-building, launching & scaling businesses. A strategic leader focused on building startups, penetrating markets, and driving growth & expansion.




Covalent Capital Technical Director Martin C
Innovation

Technical Director:
Dr. Martin C

Innovation in Material Science
  • A distinguished German specialist, a PhD in Chemistry, with three decades of expertise in polymer chemistry and advanced material R&D, he drives breakthrough innovations. His contributions lead to the development of high-performance materials tailored to meet unique requirements.


Consultants

Technical Consultants: Construction & Industrial Chemistry

  • With 3 decades of experience they excel in transforming market insights into innovative products. Their strategic vision ensures that we are always ahead of industry trends, providing with cutting-edge solutions. They bring Italian technologies tailored to Southeast Asia region.