Recommendations for Lenders on a Europe-Canada Engineering/Software Deal

Member resources:

Frequent asked questions:

What is Searchfunder.com?

Searchfunder.com is an online community of searchers, investors, lenders, brokers and other professionals. Over 80% of those involved in searchfunds maintain a Searchfunder account to help them network, hire, and mentor others.

What are the benefits of membership?

In addition to accessing the most active online network of business buyers, Searchfunder licenses research that is simply not cost effective for individuals. Access over 15,000 industry reports and 50,000 transaction financials. You also get monthly credits for contact information for your company sourcing campaign with the option to purchase more at drastically discounted rates. Searchfunder has pre-purchased access from these data providers in order to empower individual buyers and to help searchers level the playing field versus private equity.

Do you have deals?

While we are primarily a buy-side network, we do have hundreds of brokers that regularly post deals to the community.

Can I find an internship on Searchfunder?

Absolutely! We have the industry's largest intern job board. If you are considering a search, the first step is to help another business buyer so you can hit the ground running.

What does it cost?

Searchfunder is a subscription service. We offer flexible monthly, annual and lifetime memberships.

Monthly

$79 / month

Annual

$19 / month

Lifetime

$432 / once

Those who maintain an account with us for over 4 continuous years are permanently added to the community without the need for a membership.

Do I need an MBA to join?

While a large number of our members come from dedicated programs at Harvard Business School, Stanford GSB, Chicago Booth, and other top programs, searching is no longer reserved for the elite. With the current abundance of dry powder in private equity, and an increasing number of business owners reaching retirement age, good deals rarely go unfunded.

Post a question, deal, job, etc...

Make a post...

Complete registration to post.

by a searcher from IESE Business School
in Waterloo, ON, Canada

1yr ago

Recommendations for Lenders on a Europe-Canada Engineering/Software Deal

Hi everyone,

Does anyone have recommendations for lenders that would be interested in providing a loan for the acquisition of a European software distributor / engineering service provider by a relatively new Canadian software distributor / engineering service provider?

Background:
After 10 years working directly for a software development company, I recently (end ofredactedfounded a software distributor and engineering service provider to help that company bring their software to the North American market. We now have the opportunity to acquire one of the European distributors of that same software - they are ready to retire. It is a relatively small company (~1M€ revenue).

I am looking for a loan of around $250k CAD to complete the acquisition, but have been running into some hesitation from local Canadian banks because the other company is in Europe, and because my company is so new, there is not much of a financial history to work from. I am in discussion with BDC about a startup loan, but would like to consider other options. I am hoping the Searchfunder community might have some good tips which lenders to speak to, as they are accustomed to evaluating a deal based on the other company's financials.

Any advice would be very welcome!

Best regards,
Alex

0 Likes

55 Views

reply by an admin 1yr ago
from Massachusetts Institute of Technology in Portland, OR, USA

Great to see more Canadian posts on Searchfunder! ^redacted‌ might be able to help recommend an appropriate lender for your deal.

If anyone else has questions on Searching in Canada, or related topics, please post them here and I'll do my best to get them answered for you.

reply by a searcher 1yr ago
from Indian Institute of Technology, Madras in Toronto, ON, Canada

It is possible to fund a European acquisition through a Canadian FI. Since your company is new, they may demand some security or personal guarantee. Reach out to me if you want to discuss