Search funds have long been established in North America and help ambitious professionals to become self-employed by taking over a company. In contrast, the German search fund market is still in its infancy, despite the fact that German SMEs urgently need a large number of qualified successors.
In Switzerland, there is already a construct that both recruits searchers and finances the transactions. Novastone Capital Advisors, or NCA for short, looks for the searchers and trains them, while Novastone Partners finances the transactions. Torge Barkholtz is COO and Co-Founder of Novastone, Daniel Gärtner is Managing Partner at NCA and both take us into the world of search funds.
We discuss this in this episode:
- different search fund models and the difference to MBI,
- how the search process at NCA works and is financed,
- what role search funds play in succession,
- what the future development could look like,
- and much more...
Have fun listening!
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