I am in the early days of launching my Search Fund in South Africa, a market without a history of many other Search Funds yet.
I would like to speak to other searchers who have successfully searched in similar, more emerging markets - especially around:
1) Marketing your country to US investors - what questions did investors ask, what was your legal structure, what barriers did you face?
2) List building in more emerging markets - how did you go about building lists, what services did you find helpful, how much mass outreach were you able to do?
3) Building team of advisors for due diligence - did you successfully negotiate to pay for deal costs on completion of a deal, did you only use local
Would like to hear stories from those with both successful and unsuccessful outcomes.
Searching in more developing markets - advice on search process
by a searcher from London Business School
More on Searchfunder
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.
* Searchfunder Session: Launching in a New Market: https://www.searchfunder.com/event/view/735
Hi ^Searchfunder member would be happy to engage. Prior to launching Ambit, we ran a few funds that acquired >25 Search-style SMEs in RSA and we've been staying close to a couple of self-funded searchers and are supporting some local MBAs with research on this topic too. It's a complex answer, and one that we'd be happy to help a local searcher figure out. Outside of the classic SF metrics that will matter to international investors (Ignacio's list above is a good one), there are a number of local regulations (ownership structure limitations, exchange control, searcher vesting and taxes) that you'd want to iron out early. Very happy to talk through these if you'd like to connect. I'm on --@----.com