Search Funds are a unique asset class where together with the CEO’s we support, provide company owners a fantastic succession solution.
Search Funds are vehicles where a Searcher is looking to find, acquire and grow, one great business.
Search funds seek out company owners who might not want to sell to a traditional investment firm, or the competitor they’ve been fighting all those years. A Search Fund provides a Seller with fresh capital, and a person (the Searcher becomes the CEO) to take over the day to day of leading a business (usually, after a transition period where the Seller and new CEO work together). A Selling Entrepreneur finds a good home for her/his business and its people, and an Aspiring Entrepreneur finds a great business to grow for the long run. Novidam helps select the best entrepreneurs and provides tools to help find exceptional companies, and we assist in the growth phase. For searchers; you are in charge of long term decision making and we have no defined holding periods. For owners; our Search Fund entrepreneurs are here to preserve legacies – we do keep your company’s long lasting name on the wall.
Novidam invests globally in world class proven search fund entrepreneurs.
Search funds are in our DNA and our team is well equipped to support new and existing searchers in their search journey or operating businesses. We have a number of searchers or search teams in our offices as well, to support them through the search phase and through closing a deal. Our involvement doesn’t stop there. Our team has ample experience in sourcing add-on deals and exploring levers for organic growth. We also spend much time with CEO’s on strategy and talent acquisition. We know how difficult this road is and our team picks impactful topics to help with, based on the CEO’s current needs. We believe our returns in search funds are among the very best in the community, because we’ve lived this and we fortunately partner with some of the best thought leaders in the industry. We have no pre-defined hold periods and we follow the entrepreneur’s lead in terms of longevity.
