Legal structure for the search phase (European search)

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February 12, 2024

by a searcher from INSEAD in Warsaw, Poland

I would love an opportunity to speak with traditional searchers (and/or investment professionals) about the legal structure used for the search phase in Europe and the rationale behind it. For context, I am fundraising for a traditional search fund based in Poland. To the best of my knowledge, prior searchers in the Polish market applied a Delaware structure. However, based on investor feedback, I am considering establishing a local Polish structure going forward. I hear that a local structure is a prevalent one in most European countries and I would love to learn more.

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Reply by a searcher
from Universidade Nova de Lisboa in Lisboa, Portugal
Hi there, are you still looking? I might be able to connect you with someone
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Reply by a searcher
from INSEAD in Warsaw, Poland
Hi Duarte, I am in the final stages of incorporating now so most of the initial challenge has been sorted out. However, I am always keen to chat to people who have experience though as many of the aspects going forward are somewhat new (e.g., which entity to use for acquisition etc.).
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