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Have you ever considered sourcing a company to buy it and become its CEO?About this event
Since the launch of the first search fund in 1983 at Harvard, over 700 aspiring CEOs have done this through the traditional search fund model. Others have acquired companies through one of its variants. With historical pre-tax IRRs of over 33% and pre-tax returns on capital of over 3x, search funds have started to attract the necessary attention outside the US.
Search funds are an important subset of entrepreneurs who acquire businesses with the purpose of running, improving, growing and ultimately selling them, hopefully at a handy profit for investors and the entrepreneur. What distinguishes search funds from other forms of entrepreneurial acquisitions (EA) is the standardized process whereby the entrepreneur raises a fund from investors (wealthy individuals and institutional funds) to finance his/her search. It is this supply of capital for the search (search capital) that gives the investors the optionality to supply capital for the purchase of the company (acquisition capital).
This informal session will be hosted by Jan Simon, Managing Partner at Vonzeo Capital and Professor of Entrepreneurship at IESE Business School . By attending you will get insights into the world of search funds and EA. Its intention is to provide answers to the following questions:
– What are search funds and EA?
– Is this a career path for me?
– In case this is of interest to me, what is the process to follow?
EnSpire Oxford is a University of Oxford initiative to help connect people to the entrepreneurship resources they need, and to promote entrepreneurship across Oxfordshire.
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