Strategic as a minor investor in a Search Fund deal

July 04, 2025
by a searcher from Stanford University - Graduate School of Business in São Paulo, SP, Brasil
Any examples of Strategic investors entering equity gaps in Traditional Search Fund deals?
From one side, it can be an important validation, and it can also be an option for a 100% exit in the future.
From the other side, other strategics may back off if one competitor is already on your cap table.
Any thoughts?
from Fundação Getulio Vargas, São Paulo in Florianópolis, SC, Brasil
from Northwestern University in Salvador, State of Bahia, Brazil