{"id":124,"date":"2022-09-03T15:00:41","date_gmt":"2022-09-03T13:00:41","guid":{"rendered":"http:\/\/theme-stall.com\/crowdpress\/demos\/?p=124"},"modified":"2022-09-13T14:01:17","modified_gmt":"2022-09-13T12:01:17","slug":"quali-sono-le-aziende-target-del-search-fund","status":"publish","type":"post","link":"https:\/\/searchcapitalpartners.com\/it_it\/quali-sono-le-aziende-target-del-search-fund\/","title":{"rendered":"Quali sono le aziende target del fondo di ricerca"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"124\" class=\"elementor elementor-124\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-350a48a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"350a48a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-eb09248\" data-id=\"eb09248\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-abcd0b6 elementor-widget elementor-widget-image\" data-id=\"abcd0b6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"864\" height=\"347\" src=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2022\/07\/3-5.jpg\" class=\"attachment-large size-large wp-image-2069\" alt=\"\" srcset=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2022\/07\/3-5.jpg 864w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2022\/07\/3-5-300x120.jpg 300w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2022\/07\/3-5-768x308.jpg 768w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2022\/07\/3-5-18x7.jpg 18w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2022\/07\/3-5-600x241.jpg 600w\" sizes=\"(max-width: 864px) 100vw, 864px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b1b72b3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b1b72b3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bb45148\" data-id=\"bb45148\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a4f4b60 elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"a4f4b60\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Quali sono le aziende target del fondo di ricerca<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-737bb2c5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"737bb2c5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-71141511\" data-id=\"71141511\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4f33075a elementor-widget elementor-widget-text-editor\" data-id=\"4f33075a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"blog-des-top\">\n<div class=\"elementor elementor-1337\" data-elementor-type=\"wp-post\" data-elementor-id=\"1337\">\n<section class=\"elementor-section elementor-top-section elementor-element elementor-element-720cc6ae elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"720cc6ae\" data-element_type=\"section\">\n<div class=\"elementor-container elementor-column-gap-default\">\n<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1e37aea8\" data-id=\"1e37aea8\" data-element_type=\"column\">\n<div class=\"elementor-widget-wrap elementor-element-populated\">\n<div class=\"elementor-element elementor-element-19f76d32 elementor-widget elementor-widget-text-editor\" data-id=\"19f76d32\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n<div class=\"elementor-widget-container\">\n<p>L&#039;azienda target per il Search Fund \u00e8 la piattaforma iniziale di partenza sulla quale poter sviluppare il progetto industriale con il Searcher. Capire il motore della crescita, i punti di forza e di debolezza \u00e8 quindi fondamentale. Le prove confermano che il 75% delle volte il Searcher riesce ad individuare un target ed acquisirla con il Search Fund.<\/p>\n<p>Le caratteristiche che devono contraddistinguere ogni azienda sono differenti a seconda del settore o nicchia sul quale si focalizza la ricerca. Ogni azienda ha un mix di storia, organizzazione e stakeholder diversi. Non esiste una formula matematica specifica per identificare l&#039;azienda perfetta, la stessa deve avere caratteristiche sinergiche con il Searcher e gli investitori che lo stesso rappresenta con il suo Search Fund.<\/p>\n<p>A livello di modello di business, le caratteristiche che contraddistinguono un&#039;azienda come target ideale per un Search Fund sono:<\/p>\n<h3>Modello di impresa<\/h3>\n<ul>\n<li>Mercato in crescita;<\/li>\n<li>Relazioni stabili con gli stakeholder e la comunit\u00e0<\/li>\n<li>Portafoglio clienti e fornitori diversificato;<\/li>\n<li>Know-how diffuso in azienda;<\/li>\n<li>Non dipendenza da singole figure interne;<\/li>\n<li>Concorrenza frammentata.<\/li>\n<\/ul>\n<h3>Situazione economico \u2013 finanziaria<\/h3>\n<ul>\n<li>Stabilit\u00e0 o crescita costante dei ricavi;<\/li>\n<li>Marginalit\u00e0 (Gross Margin e EBITDA margin in funzione del modello di business) positiva e superiore al 20%;<\/li>\n<li>Ciclo virtuoso del capitale circolante (capitale circolante) in funzione della crescita;<\/li>\n<li>Indebitamento finanziario assente o minore di 2X Ebitda;<\/li>\n<li>Componente Real Estate assente o scorporata dall&#039;azienda operativa;<\/li>\n<li>CAPEX non ricorrenti;<\/li>\n<\/ul>\n<p>Trovare un&#039;azienda-piattaforma iniziale in un settore con un potenziale di forte espansione \u00e8 la chiave. \u00c8 altrettanto importante essere in un settore industriale frammentato al fine di poter beneficiare di una crescita della quota di mercato grazie ai nuovi driver innestati dal Searcher. Una volta individuato un settore industriale valido ed in crescita, la sfida \u00e8 trovare una societ\u00e0 solida e resiliente anche a contesti macro-economici recessivi. I ricavi prevedibili (ricorrenti) forniscono un valore importante per il Searcher \u2013 futuro CEO. Un&#039;azienda con ricavi ricorrenti \u00e8 pi\u00f9 resiliente ad errori o rallentamenti nell&#039;implementazione del piano industriale.<\/p>\n<p>Questa caratteristica consente al management di dedicare pi\u00f9 tempo a progetti a valore aggiunto che avranno benefici nel medio e lungo termine.<\/p>\n<p>Le osservazioni empiriche sui Search Fund, dimostrano che i ricavi ricorrenti, pur proteggendo il lati negativi, non necessariamente aumentano i profitti di un&#039;azienda e il flusso di cassa di un&#039;azienda. La crescita di valore del target, basata sull&#039;incremento dell&#039;EBITDA e dei flussi di cassa del target, deriver\u00e0 principalmente dalle idee e dall&#039;assetto organizzativo a supporto della crescita organica per linee interne dettate dal Searcher.<\/p>\n<p>Le aziende che hanno una storia di stabilit\u00e0 di ricavi e presidio di una nicchia di mercato, tendono ad essere meno complesse rappresentando cos\u00ec un ulteriore vantaggio per un CEO con poca esperienza. Il Searcher si dovrebbe focalizzare su questi criteri di ricerca.<\/p>\n<p>Altri aspetti importanti da considerare sono le elevate barriere all&#039;ingresso (spesso evidenziare dalla forza contrattuale verso i clienti e fornitori) e la semplicit\u00e0 nelle operazioni. Realt\u00e0 target operative in settori altamente regolamentati, attivit\u00e0 cicliche o societ\u00e0 per le quali l&#039;imprenditore-venditore ha stretti rapporti con i clienti chiave, hanno un livello di rischio maggiore per lo sviluppo di una storia di successo. Nonostante questi criteri siano generalmente validi, alcune piccole realt\u00e0 potrebbero non essere in possesso di questi elementi, ma non per questo non corrispondere a target perfette per un Searcher ed il suo Serach Fund. \u00c8 per questo importante non scartare a priori settori che all&#039;inizio delle analisi risultano complessi in quanto le opportunit\u00e0 si possono rilevare solo successivamente nel momento in cui si approfondisce il settore e peculiarit\u00e0 dello stesso.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e2bb77d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e2bb77d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-511bc4b\" data-id=\"511bc4b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-30e30bf elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"30e30bf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ba0e6c7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ba0e6c7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a8d92d2\" data-id=\"a8d92d2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ea93b68 elementor-widget elementor-widget-heading\" data-id=\"ea93b68\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Tutti gli articoli<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e8eb48a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e8eb48a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f92e15b\" data-id=\"f92e15b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-19870bf elementor-grid-3 elementor-grid-tablet-2 elementor-grid-mobile-1 elementor-posts--thumbnail-top elementor-widget elementor-widget-posts\" data-id=\"19870bf\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;pagination_type&quot;:&quot;load_more_infinite_scroll&quot;,&quot;classic_columns&quot;:&quot;3&quot;,&quot;classic_columns_tablet&quot;:&quot;2&quot;,&quot;classic_columns_mobile&quot;:&quot;1&quot;,&quot;classic_row_gap&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:35,&quot;sizes&quot;:[]},&quot;classic_row_gap_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;classic_row_gap_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;load_more_spinner&quot;:{&quot;value&quot;:&quot;fas fa-spinner&quot;,&quot;library&quot;:&quot;fa-solid&quot;}}\" data-widget_type=\"posts.classic\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-posts-container elementor-posts elementor-posts--skin-classic elementor-grid\">\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-3342 post type-post status-publish format-gallery has-post-thumbnail hentry category-consultant category-non-profit tag-business tag-finance tag-funding tag-fundraising tag-iese tag-investire-in-search-fund tag-investire-in-search-funds tag-investitori-in-search-funds tag-italia tag-ma tag-kit tag-charity tag-search-fund-italia tag-search-fund-italiani tag-searcher tag-stanford post_format-post-format-gallery\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/searchcapitalpartners.com\/it_it\/why-search-funds-are-ideal-for-managing-the-generational-transition-of-european-businesses\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/11\/image-22-300x300.jpeg\" class=\"attachment-medium size-medium wp-image-3345\" alt=\"\" srcset=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/11\/image-22-300x300.jpeg 300w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/11\/image-22-150x150.jpeg 150w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/11\/image-22-768x768.jpeg 768w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/11\/image-22-12x12.jpeg 12w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/11\/image-22-600x600.jpeg 600w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/11\/image-22-100x100.jpeg 100w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/11\/image-22.jpeg 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/searchcapitalpartners.com\/it_it\/why-search-funds-are-ideal-for-managing-the-generational-transition-of-european-businesses\/\" >\n\t\t\t\tPerch\u00e9 i search fund sono ideali per gestire il passaggio generazionale delle aziende europee\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-3324 post type-post status-publish format-gallery has-post-thumbnail hentry category-consultant category-non-profit tag-business tag-finance tag-funding tag-fundraising tag-iese tag-investire-in-search-fund tag-investire-in-search-funds tag-investitori-in-search-funds tag-italia tag-ma tag-kit tag-charity tag-search-fund-italia tag-search-fund-italiani tag-searcher tag-stanford post_format-post-format-gallery\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/searchcapitalpartners.com\/it_it\/a-transformative-success-the-6th-international-search-fund-conference-at-iese\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"300\" height=\"282\" src=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/10\/iese-300x282.png\" class=\"attachment-medium size-medium wp-image-3326\" alt=\"\" srcset=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/10\/iese-300x282.png 300w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/10\/iese-768x722.png 768w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/10\/iese-13x12.png 13w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/10\/iese-600x564.png 600w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/10\/iese.png 827w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/searchcapitalpartners.com\/it_it\/a-transformative-success-the-6th-international-search-fund-conference-at-iese\/\" >\n\t\t\t\tUn successo trasformativo: la sesta conferenza internazionale sui Search Fund allo IESE\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-3203 post type-post status-publish format-gallery has-post-thumbnail hentry category-consultant category-non-profit tag-business tag-finance tag-funding tag-fundraising tag-iese tag-investire-in-search-fund tag-investire-in-search-funds tag-investitori-in-search-funds tag-italia tag-ma tag-kit tag-charity tag-search-fund-italia tag-search-fund-italiani tag-searcher tag-stanford post_format-post-format-gallery\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/searchcapitalpartners.com\/it_it\/the-ultimate-guide-to-search-fund-resources-insights-from-iese-stanford-and-beyond\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/searcher-search-fund-italy-300x300.png\" class=\"attachment-medium size-medium wp-image-3193\" alt=\"\" srcset=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/searcher-search-fund-italy-300x300.png 300w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/searcher-search-fund-italy-150x150.png 150w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/searcher-search-fund-italy-768x768.png 768w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/searcher-search-fund-italy-12x12.png 12w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/searcher-search-fund-italy-600x600.png 600w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/searcher-search-fund-italy-100x100.png 100w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/searcher-search-fund-italy.png 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/searchcapitalpartners.com\/it_it\/the-ultimate-guide-to-search-fund-resources-insights-from-iese-stanford-and-beyond\/\" >\n\t\t\t\tLa guida definitiva ai search fund: approfondimenti da IESE, Stanford e altre fonti\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-3174 post type-post status-publish format-gallery has-post-thumbnail hentry category-consultant category-non-profit tag-business tag-finance tag-funding tag-fundraising tag-investire-in-search-fund tag-investire-in-search-funds tag-investitori-in-search-funds tag-italia tag-ma tag-kit tag-charity tag-search-fund-italia tag-search-fund-italiani tag-searcher tag-searcher-italiani post_format-post-format-gallery\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/searchcapitalpartners.com\/it_it\/understanding-the-search-fund-model-benefits-risks-and-opportunities\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/search-fund-300x300.png\" class=\"attachment-medium size-medium wp-image-3191\" alt=\"\" srcset=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/search-fund-300x300.png 300w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/search-fund-150x150.png 150w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/search-fund-768x768.png 768w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/search-fund-12x12.png 12w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/search-fund-600x600.png 600w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/search-fund-100x100.png 100w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/search-fund.png 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/searchcapitalpartners.com\/it_it\/understanding-the-search-fund-model-benefits-risks-and-opportunities\/\" >\n\t\t\t\tComprendere il modello del search fund: vantaggi, rischi e opportunit\u00e0\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-3160 post type-post status-publish format-gallery has-post-thumbnail hentry category-consultant category-non-profit tag-business tag-finance tag-funding tag-fundraising tag-investire-in-search-fund tag-investire-in-search-funds tag-investitori-in-search-funds tag-italia tag-ma tag-kit tag-charity tag-search-fund-italia tag-search-fund-italiani tag-searcher tag-searcher-italiani post_format-post-format-gallery\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/searchcapitalpartners.com\/it_it\/developing-a-successful-search-fund-beyond-roi-cultivating-value-and-growth-as-ceo\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/07\/1-31-300x300.png\" class=\"attachment-medium size-medium wp-image-3163\" alt=\"\" srcset=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/07\/1-31-300x300.png 300w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/07\/1-31-150x150.png 150w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/07\/1-31-768x768.png 768w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/07\/1-31-12x12.png 12w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/07\/1-31-600x600.png 600w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/07\/1-31-100x100.png 100w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/07\/1-31.png 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/searchcapitalpartners.com\/it_it\/developing-a-successful-search-fund-beyond-roi-cultivating-value-and-growth-as-ceo\/\" >\n\t\t\t\tSviluppare un search fund di successo: oltre il ROI: coltivare valore e crescita come CEO\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-3151 post type-post status-publish format-gallery has-post-thumbnail hentry category-consultant category-non-profit tag-business tag-finance tag-funding tag-fundraising tag-investire-in-search-fund tag-investire-in-search-funds tag-investitori-in-search-funds tag-italia tag-ma tag-kit tag-charity tag-search-fund-italia tag-search-fund-italiani tag-searcher tag-searcher-italiani post_format-post-format-gallery\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/searchcapitalpartners.com\/it_it\/from-dream-to-acquisition-how-searchers-create-value-through-search-funds\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/02\/Searcher-Open-search-fund-ma-searche-success-capital-ipo-300x300.png\" class=\"attachment-medium size-medium wp-image-2642\" alt=\"searcher success\" srcset=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/02\/Searcher-Open-search-fund-ma-searche-success-capital-ipo-300x300.png 300w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/02\/Searcher-Open-search-fund-ma-searche-success-capital-ipo-150x150.png 150w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/02\/Searcher-Open-search-fund-ma-searche-success-capital-ipo-768x768.png 768w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/02\/Searcher-Open-search-fund-ma-searche-success-capital-ipo-12x12.png 12w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/02\/Searcher-Open-search-fund-ma-searche-success-capital-ipo-600x600.png 600w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/02\/Searcher-Open-search-fund-ma-searche-success-capital-ipo-100x100.png 100w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/02\/Searcher-Open-search-fund-ma-searche-success-capital-ipo.png 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/searchcapitalpartners.com\/it_it\/from-dream-to-acquisition-how-searchers-create-value-through-search-funds\/\" >\n\t\t\t\tDal sogno all&#039;acquisizione: come gli utenti creano valore attraverso i fondi di ricerca\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-3119 post type-post status-publish format-gallery has-post-thumbnail hentry category-social category-consultant category-non-profit tag-business tag-finance tag-funding tag-fundraising tag-investire-in-search-fund tag-investire-in-search-funds tag-investitori-in-search-funds tag-italia tag-ma tag-kit tag-charity tag-search-fund-italia tag-search-fund-italiani tag-searcher tag-searcher-italiani post_format-post-format-gallery\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/searchcapitalpartners.com\/it_it\/lancio-di-search-capital-partners-search-fund-investor-2\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"123\" src=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-300x123.png\" class=\"attachment-medium size-medium wp-image-2918\" alt=\"Search Fund Investors\" srcset=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-300x123.png 300w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-1024x420.png 1024w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-768x315.png 768w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-1536x630.png 1536w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-18x7.png 18w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-600x246.png 600w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1.png 2010w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/searchcapitalpartners.com\/it_it\/lancio-di-search-capital-partners-search-fund-investor-2\/\" >\n\t\t\t\tLANCIO DI SEARCH CAPITAL PARTNERS \u2013 Search Fund Investor\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-3108 post type-post status-publish format-gallery has-post-thumbnail hentry category-social category-consultant category-non-profit tag-business tag-finance tag-funding tag-fundraising tag-investire-in-search-fund tag-investire-in-search-funds tag-investitori-in-search-funds tag-italia tag-ma tag-kit tag-charity tag-search-fund-italia tag-search-fund-italiani tag-searcher tag-searcher-italiani post_format-post-format-gallery\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/searchcapitalpartners.com\/it_it\/lancio-di-search-capital-partners-search-fund-investor\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"123\" src=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-300x123.png\" class=\"attachment-medium size-medium wp-image-2918\" alt=\"Search Fund Investors\" srcset=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-300x123.png 300w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-1024x420.png 1024w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-768x315.png 768w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-1536x630.png 1536w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-18x7.png 18w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-600x246.png 600w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1.png 2010w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/searchcapitalpartners.com\/it_it\/lancio-di-search-capital-partners-search-fund-investor\/\" >\n\t\t\t\tLANCIO DI PARTNER DI RICERCA CAPITAL \u2013 Search Fund Investor\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-3093 post type-post status-publish format-gallery has-post-thumbnail hentry category-consultant category-non-profit tag-business tag-finance tag-funding tag-fundraising tag-investire-in-search-fund tag-investire-in-search-funds tag-investitori-in-search-funds tag-italia tag-ma tag-kit tag-charity tag-search-fund-italia tag-search-fund-italiani tag-searcher tag-searcher-italiani post_format-post-format-gallery\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/searchcapitalpartners.com\/it_it\/perche-investire-in-search-funds-una-strategia-ottimale-per-gli-investitori\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/Investors-in-search-funds-1-300x300.png\" class=\"attachment-medium size-medium wp-image-2966\" alt=\"\" srcset=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/Investors-in-search-funds-1-300x300.png 300w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/Investors-in-search-funds-1-150x150.png 150w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/Investors-in-search-funds-1-768x768.png 768w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/Investors-in-search-funds-1-12x12.png 12w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/Investors-in-search-funds-1-600x600.png 600w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/Investors-in-search-funds-1-100x100.png 100w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/Investors-in-search-funds-1.png 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/searchcapitalpartners.com\/it_it\/perche-investire-in-search-funds-una-strategia-ottimale-per-gli-investitori\/\" >\n\t\t\t\tPerch\u00e9 Investire in Search Funds: Una Strategia Ottimale per Gli Investitori\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\t\t\t<span class=\"e-load-more-spinner\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-spinner\"><\/i>\t\t\t<\/span>\n\t\t\n\t\t\t\t<div class=\"e-load-more-anchor\" data-page=\"1\" data-max-page=\"5\" data-next-page=\"https:\/\/searchcapitalpartners.com\/it_it\/wp-json\/wp\/v2\/posts\/124\/page\/2\/\"><\/div>\n\t\t\t\t<div class=\"e-load-more-message\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>L&#039;azienda target per il Search Fund \u00e8 la piattaforma iniziale di partenza sulla quale poter sviluppare il progetto industriale con il Searcher. Capire il motore della crescita, i punti di forza e di debolezza \u00e8 quindi fondamentale. Le prove confermano che il 75% delle volte il Searcher riesce ad individuare un target ed acquisirla con il Search Fund. Le caratteristiche che devono contraddistinguere ogni azienda sono differenti a seconda del settore o nicchia sul quale si focalizza la ricerca\u2026<\/p>","protected":false},"author":223414435,"featured_media":2069,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"gallery","meta":{"give_campaign_id":0,"inline_featured_image":false,"footnotes":""},"categories":[688637370],"tags":[688637376,688637378,688637382,688637384],"class_list":["post-124","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-consultant","tag-business","tag-consult","tag-kit","tag-popular","post_format-post-format-gallery"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2022\/07\/3-5.jpg","_links":{"self":[{"href":"https:\/\/searchcapitalpartners.com\/it_it\/wp-json\/wp\/v2\/posts\/124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/searchcapitalpartners.com\/it_it\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/searchcapitalpartners.com\/it_it\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/searchcapitalpartners.com\/it_it\/wp-json\/wp\/v2\/users\/223414435"}],"replies":[{"embeddable":true,"href":"https:\/\/searchcapitalpartners.com\/it_it\/wp-json\/wp\/v2\/comments?post=124"}],"version-history":[{"count":0,"href":"https:\/\/searchcapitalpartners.com\/it_it\/wp-json\/wp\/v2\/posts\/124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/searchcapitalpartners.com\/it_it\/wp-json\/wp\/v2\/media\/2069"}],"wp:attachment":[{"href":"https:\/\/searchcapitalpartners.com\/it_it\/wp-json\/wp\/v2\/media?parent=124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/searchcapitalpartners.com\/it_it\/wp-json\/wp\/v2\/categories?post=124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/searchcapitalpartners.com\/it_it\/wp-json\/wp\/v2\/tags?post=124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}