Probably a more appropriate name for it, but have any searchers pursued what I’ll term a “quasi-funded search,” e.g. funding your search via non-institutional investors who do not plan to participate in the acquisition capital raise? In this case the search capital would convert into the deal based on acquisition capital terms at a stepped up basis. The main potential benefit would be that the searcher could potentially negotiate more attractive terms on the acquisition capital with investors who did not fund the search.
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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.
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