I was at the Search Fund Conference at HBS last December and realized how sophisticated the Search Fund concept was in the US compared to Canada. I was wondering what intermediaries for sourcing potential deals are more useful in Canada given the less-known concept. Small accounting/law firms, commercial banker, etc? Thanks in advance.
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Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
There have been perhaps###-###-#### search fund deals that have closed that I’m aware of. I’ve met with six people in January alone who were inquiring about raising a fund and there are a lot of people searching in the GTA, funded and self-funded. I would also note that many US searchers are bidding on Canadian businesses and reaching out to Canadian business owners as well.
There is a lot of capital floating around in the lower mid-market in Canada so I wouldn’t underestimate the difficulty in finding a deal here. I’d be happy to give you my experience if you’re interested - feel free to PM me.