Self-Funded Search, Capital-Ready for Rapid Acquisitions
Search fund led by experienced operators, targeting acquisitions in Europe, specifically in Portugal, Spain or Poland
Our Team
Nicolas Malaquin
Co-Founder & CEO-in-Waiting
IESE GEMBA 2024
20+ years leading transformation and operations across Europe, Africa, and Asia.
Held CIO, COO, and interim executive roles in companies ranging from utilities and telecoms to e-commerce, public services, and logistics. Graduate of the IESE Global Executive MBA. Fully committed to Southeast Asia, relocating full-time to lead operations post-acquisition.
Industry Experience:
– Technology
– Retail & eCommerce
– Light-Manufacturing
– Utilities (Water, Waste Management)
Expertise:
– Strategic execution in complex environments
– ERP, AI & digital transformation
– Cross-border leadership & scaling
– SEA market immersion and relocation in progress
2024
Bernardo Rocha
Co-Founder & CTO-in-Waiting
IESE GEMBA 2024
Tech entrepreneur and former private equity executive. Led and exited ventures across Latin America and Europe in software, finance, and consumer goods. Will relocate to Southeast Asia to lead digital transformation and post-acquisition modernization.
Industry Experience:
– B2B SaaS & AI Platforms
– Financial Services
– Consumer Products
– Industrial Automation
– Venture & Private Equity
Expertise:
– Scalable platform development
– Post-merger technology integration
– Growth through innovation and automation
– Deep product & tech leadership
Target Criteria
SME with EBITDA between €800,000 and €2.5 million
Implied Enterprise Value: €5M to €25M
Strong recurring revenue profile
Low customer concentration
Owner-led or succession-driven
Poland
Large industrial base + booming IT outsourcing sector
Many founder-led businesses scaling fast but still off radar of PE
Particularly rich in Warsaw, Kraków, and Wrocław clusters
High-level market assumptions
Portugal
Smaller pool but higher relative concentration in Lisbon and Porto
Key sectors: B2B tech, logistics, specialized manufacturing
Expectation: 1 in 100–150 firms may be addressable with direct sourcing
Spain
Strong density in technology, B2B services, and retail niches
Transitioning ownership profiles (family succession)
20,000–30,000 companies above €5M in turnover, ~1% fit ATCP criteria
Our focus markets for rapid acquisition
Opportunities
Our Initiatives
Expansion
Our expansion projects aim to reach new markets and create a broader impact, driving growth and innovation.
Innovation
We foster innovation through strategic investments and partnerships that push boundaries and redefine industry standards.
Sustainability
Sustainability is at the core of our projects, ensuring that businesses thrive while respecting environmental and social responsibilities.
Community Development
Community development initiatives focus on empowering local communities, creating shared value and sustainable growth.
Technology Integration
Integrating cutting-edge technologies into traditional industries to drive efficiency and competitiveness.