What is a search fund? A search fund is an investment vehicle in which investors back an entrepreneur seeking to acquire and run an established business with a proven track record. Originally developed in 1984 at the Stanford Graduate School of Business, search funds have become increasingly popular across Europe and the UK in recent years, with more investors identifying the potential for lucrative returns.
Our team has years of experience advising on all stages of the search fund lifecycle. From forming the initial fund and raising search capital, through to identifying and acquiring a target business and beyond into the operational phase. We collaborate with searchers, investors, family offices and sellers, delivering clear, practical and strategically relevant legal advice across all search fund transactions.
Setting up a search fund and undertaking a search fund acquisition is not the same as a typical M&A or private equity transaction. Our team have unparalleled experience in advising on these matters and understand the nuances of the model, from investor economics and searcher equity structures to the specific dynamics of acquiring owner-managed businesses and managing sellers’ expectations. All of our work is bespoke and tailored to the specific requirements of the search fund client, ensuring costs are proportionate to the deal.
