Are Search Funds Solving the Succession Problem for SMEs?

Many entrepreneurs face challenges when it comes to succession planning, often unaware of a viable solution: search funds. For several years, search funds have been addressing the succession issues plaguing small and medium-sized enterprises (SMEs). This innovative model involves three key parties:

1. The Current Owner: Entrepreneurs or business owners looking to transition out of their roles while ensuring their businesses continue to thrive.
2. The Takeover Candidate: Often young professionals aspiring to be self-employed but who prefer acquiring an established business rather than starting one from scratch.
3. The Investors: Individuals or groups that finance the business acquisition, typically in exchange for equity or a stake in the company
   
   
   With the rise of Search Funds, do you think it's a transformative solution SMEs have been waiting for?