Maximum Investment Size Appropriate for Search Backers

June 25, 2024
by a searcher from The University of Chicago - Booth School of Business in Chicago, IL, USA
How large have folks seen search investments have be?
I know an experienced executive who lined up a $20mm EBITDA platform (three smaller business being combined at close, all currently under LOI) and at that scale I believe he is best suited to going with an independent sponsor model and seeking capital from MM PE or family offices, instead of the traditional search investors.
Probably seems like a simple question, but I said I would ask around on their behalf.
from Western New England College in Fort Lauderdale, FL, USA