Examples of sponsor to sponsor (secondary) transactions in ETA?

searcher profile

February 04, 2021

by a searcher from Harvard University - Harvard Business School in 1970 Walton Dr, Burlington, WA 98233, USA

Has a search fund ever purchased a company from another search funder?

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commentor profile
Reply by an investor
from University of California, Berkeley in San Francisco Bay Area, CA, USA
I think this is an unlikely scenario. Most search funds try to buy owner operated companies at a low multiples with the goal of professionalizing them and then exiting to LMM funds. Selling to another searcher would likely not maximize valuation.
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