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Acquirer profileAustralia
Who is Terem Capital?
Terem Capital is a serial acquirer based in Australia.
Firm facts
Terem Capital
- Type
- serial acquirer
- Headquarters
- Australia
- Website
- terem.capital
- Company page
Verification date not recorded
How they work
Founder-led, privately held long-duration holding company acquiring and operating B2B software, technology-services and technology-enabled businesses for sustainable long-term growth.
Terem says it acquires technology-driven businesses and builds them over decades. It favours targets able to operate without their founders or fresh capital. Terem does not publish a stage-by-stage transaction timetable, diligence checklist or signing protocol.
- Sector focus
- Technology-driven B2B businesses, including software, technology services and technology-enabled services; revenue must depend on technology.
- Geography
- Australia, New Zealand and North America are listed on acquisition contact material; evidence suggests a primary focus on Australia and ANZ.
- Ownership
- Acquisition and long-term operation and growth; also open to founder-owned, venture-backed, spinout and special-situation businesses.
- Target revenue
- $1m-$10m revenue with growth potential. A 2024 founder launch separately stated $1m-$5m net profit or direct line of sight; that historical profitability evidence is not treated as a current revenue threshold.
- Target EBITDA
- No EBITDA threshold was stated. A historical founder announcement instead stated $1m-$5m net profit or direct line of sight, which must not be converted into EBITDA.
- Capital model
- Long-duration holding company; the founder says Terem's balance sheet and cashflow enabled the Attune spinout. No external fund or LP structure was established publicly.
- Hold period
- Indefinite or decades-long orientation; the firm says it acquires businesses to build over decades and prioritises sustainable long-term growth.
- Founder ownership
- Scott Middleton is CEO and founder, and Terem Capital is privately held. Current ownership percentages and other shareholders are not publicly stated.
Their portfolio
Company
Sector
What they do
- FMI WorksSectorCloud facilities-management, maintenance, asset and compliance softwareWhat they doCloud platform centralising facilities maintenance, work orders, planned maintenance, asset tracking, contractor management and compliance documentation.
- TeremSectorTechnology product development and consultingWhat they doSydney-based product consulting and development firm that builds and takes technology products to market for enterprises, government agencies and technology companies.
Exited holdings
Confirmed former portfolio companies, shown separately from current holdings.
Company
Sector
What they do
- AttuneSectorContact-centre workforce scheduling softwareWhat they doSoftware spinout that lets contact-centre employees exchange or self-manage shifts while preserving staffing and customer-service requirements. (exited)
Sources
- terem.capital · portfolio page
- terem.capital · website
- terem.capital · research
- mopokecloud.com · research
- mopokecloud.com · research
- linkedin.com · research
- linkedin.com · research
- terem.tech · research
- smartcompany.com.au · research
The truth, first.