Search funds

We support high-potential entrepreneurs to acquire and grow consolidated SMEs

Investments in SMEs via the Search-Fund model

We invest in high-potential executives that aim to acquire and operate SME business with an owner’s mentality. We aim only at consolidated, profitable companies in B2B services sectors without a succession plan and untapped avenues for growth.

 

  • We have invested in 19 search funds, of which  7 have already made an acquisition and 12 are actively searching.
  • We have made investments in 8 operational companies, including 5 follow-on investments in our portfolio entrepreneurs, 2 equity gaps and 1 self-funded deal.
  • We serve in the Board of Directors of 5 of our 8 portfolio companies.
  • We have successfuly exited 2 of our search-phase investments and made no write-offs to date. 

SEARCH PHASE INVESTMENTS

Investments in talent delivering unique LBO deals

Management and Transactions expertise at the service of searchers acquiring and growing SMEs

Global investments in Search Funds with a preference for large European markets.

Outstanding entrepreneurs with an operator profile and the capacity to execute a Leverage Buy Out (LBO), backed by a strong investor pool who brings specific market knowledge and Search Fund investing experience.

Investment appetite for stable companies with solid and predictable cash-flows, in B2B business services (industrial services, niche logistics, healthcare and education among others).

We engage in thorough selection processes that confirm the entrepreneur’s hard and soft capabilities, their level of self-knowledge, personal motivation, and investor alignment.

itaca’s search phase numbers

Screened

Invested

Transformed into Acquisitions

Exited

Defaults

Active Searchers

Almond Capital | Madrid

 

Javier Poveda

Sillage Transmission | Marseille

 

Pierre Donvez

Smokestack | Praghe

 

Martin Kominek

 

Springbrook  | Washington D.C.

 

John O'Brien

Kaoba Capital | Bogotá

Antoine Crettex

David Williamson

Sirius Transmission | Paris

Jean-Rémi Barrot

Mathieu Duquesne

Relais du Diregéant | Lyon

 

Rafaël Dufour

AJS Capital | Girona

 

Albert Jané

Colombo Capital  | Madrid

Chaid Neme

Juan Pablo Ocampo

Ulam Transmission | Madrid

 

Dimitri Novikov

 SEARCH FUND CEO’s

Kala Capital | Mexico City

J. Andrés Labrador

Ricardo Canedo

Eon Partners | Madrid

Eduardo Garassini

Carlos Lucía

Sotavento Capital | Barcelona

 

Jorge Rivero

Timshel Transmission | Paris

 

David Lescure

Signatus Capital | Madrid

 

Enrique Sales


Primus Tr. | Le Dorat (Massif Cenral)

 

Louis Jardel

Emptio Capital | Madrid

 

Manuel Pintado

EXITED SEARCH FUNDS

Road Capital | Girona 


Tara Capital | Mexico D.F.