The business builders

We partner with passionate first-time CEOs intensely committed to building a lasting business

We embrace the rough imperfection of working with small growing businesses and first time CEOs. We like to partner early, and help our entrepreneurs from day one of their search all the way to the exit.

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David Jacq
Mapex
Fernando Guillem & Daniel di Cecco
Lanaccess Telecom
Bruno Lea
Performer CNC
Lorenzo Dávila & Miguel Arias
Grupo Logiscenter
Raja Prasanna
Infonetica
Philippe Saussol
Tethys
Kieron Chalder & Gonzalo Carmona
Emotion Mobility
Lorenzo Zavala & Luis de los Santos
Grupo CTAIMA
Ben Schmitt
Renovation-Bern
Tiago Paixão & Leonardo Carvalho
Grupo Teclena-Juncor
Andrzej Basiukiewicz & Wojciech Korpal
Motion VFX
Flavien Reille & Sébastien Abdi
Theia
Carlos Fernandez
AnekS3
Toby Sacchi
Essedi
Diego Greene & Jorge Lagos
Demarka
Zain Ishaq & Vadym Kononenko
dotCMS
Alvaro de Rivera
EspiralMS
Dara Gill
ILS
David Lescure
GHS
Artur Martins
Labsoft
Adam Johnson
Water Direct
Manuel de Bethencourt
OHI
Juan Carretero & Borja Mesonero-Romanos
Bike Ocasión
Marcelo Gomes & Rogerio Santos
Nexti
Alejandro Renteria & Ernesto Moya
MAS Seguros
Helena Ahlström & Ivar Schmidt
Frotcom
Riccardo Triolo
Villa Guelfa
Alexander Hansen & Christopher King
Mediakom
Louis Jardel
Actibio
Alan Greco
Maillon
Andrea Tudini & Federico Ratini
Caris Servizi
Caio Nascimbeni
Syonet
Pawel Malon & Marek Jakubow
Singu
Carlos Oehling & Marc Desmond
Amix Levante
Urs Weingart
Euroscope
Femi Okeya & Emmanuel Lawal
Harlow Solutions
Luca Grattarola & Claudio Castronuovo
Link.it
Ignacio Ortiz Figueroa & Arturo Álvarez-Marcello Casado
Leaseir
Luiz Felipe Silva & Matheus Bastos e Silva
Kofre Tecnologia
Simone Botti & Marco Polato
Monforte Education Group
Simon Leroy & Jeremy Ladoucette
Flying Eye
Amit Nooriala
Saepio
Santiago Ganem & Juan Pablo Arriaga
Tacna
Duco Salomons
Hotek Hospitality Group
Tobias Inderwies
Apoplex Medical Technologies
Albert Palomar
Prestige Software
Oliver Rodwell & Priyen Logeswaran
Concierge Medical
Daniele Schiavello & Giulio Marini
Napolillo Industry
Cody Adelizzi & Kyle Pearson
Blue Peak Tents
Resit Melik
Thillens
Anton Stockert & Stephan Pöll
AlpinEnergie
Paul Szyszkowitz & Christoph Siegesleuthner
pharmacom
Marc Giné
NEXTCLIMA
Stefano Carpano & Giacomo Garbarino
Stilef
Wolfram Krauss & Daniel Missethon
KKD
Monika Wincel
Rolfroz
Juan Bolivar & Jorge Giménez-Arribas
Grupo Security
Federico Mariscal & Enrique Valdés
Vialterna
Jaime Villanueva & Álvaro Benito
Ciboulette & Domenico
José María Jover & Ignacio Jarava
IMASP
Hannes-Jo Betko
CountR
Marcelo Espiga & Tiago Dowsley
Telecardio
Luca Hany
Edgar Hausmann

Discover all searchers we partnered with

2016 – 2019

Tagus Capital
Transición
Asta Capital
Sachem Partners
Lea Succession
Ibero Capital
Syna Capital
RJ Capital
Namencis Capital
MED Leaders
Idus Capital
Blue Knot Partners
Koru Nachfolge
Giers Management
Baluarte Capital
Magnus Partners
CS Investimenti
Albatros Equity
Tilden Capital
Signatus Capital
Navega Capital
Zinc Capital
Vesta Capital
Horizonte Capital
Saussol Transmission
Soris Capital
MWI
K6 Transmission
Legacy Partners

2020 – 2021

Ibérica Partners
Ayerma Transmission
Stella Maris Equity
Landale Partners
Appleby Succession
Hexagon Capital
Kilimanjaro Capital
Versa Capital
KCP
Virtus Mittelstand
Gazelle Capital
Timshel
Taurus Capital
Margen Capital
Skyline Capital
Wahlers & Kabanov
SDG Transmission
SMGO Capital
Nextline
Pine Coast Capital
Riverbank Capital
Primus Transmission
Atlante Capital
Sillage Transmission
Snowfall Capital
Argo Partners
Everest Capital
Nobis Capital
Quercus
Atlas Nachfolge
Axias Capital
Niemeier
Duhau Capital
Sirius Transmission
Elm Lake
Luceiro Capital
Surca Capital
Bravo Capital
Lemuy Group
Alpinuum Nachfolge
T&R Capital
Pebble Legacy
La Colina Equity
Lotta Capital

2022 – 2023

Octans Capital
Davest Partners
AJS Capital
Mahogany Capital
AdAstra Partners
Caatinga Capital
Monforte Capital
Bright Roots
Vuelo Capital
Arvo Capital
Kortica Capital
Weingart
Kripp & Stanjek
Pleamar Partners
D1 Capital
L&R Partners
Ulam Transmission
Muri Capital
Oumua Capital
Aliya Capital
Cactus Capital
Elcano Finanture
Matter Capital
Fitex Capital
Candor Equity
Roxbi Capital
ANVAL
Mors Transmission
Inderwies
Galileo Capital
Drechsel & Hansen
Stability Capital
Iole Capital
Libertum Capital
Star First Partners
Weissbacher
Eunoia Capital
Oportuna Capital
Silverbaton
Quo Inversión
Stellaris Capital
IziSoft Capital
SaloMonte
Atlas Partners
Thallo
Terra Firma Capital
Lacus Legacy

2024 – 2025

Divisadero Capital
LDue Capital
Ayete Partners
Acacia Capital
Klocke & Brinkmann
Cneo Partners
Spica Capital
Second Summit
Aspeon Partners
Ashington Capital
Sailly Transmission
Konkordia
Gaman Succession
Cedo Capital
Solferino Capital
Continuation
Polsso Capital
Nosara Partners
Cintu Transmission
Entrevo Capital
AB1 Capital
Entredos Capital
Minerva Capital
Peak 35 Capital
Azmar Capital
Funke
Goller
Sobreiro Capital
Soclofi Transmission
RNP Growth
Outlive Capital
Millet Transmission
Successr Capital
Auctari Capital
Nordover Kapital
Nostos Capital
Maci Search Capital
Sustinere
Alino Investment
Edessa Growth
Lapiaz Transmission
Amboro Capital
Vesta Capital
Fairmile Partners
1868 Capital
Alevor
HaJoBe
Briend & Associés
Arena Capital
Vistula Horizon
Vela Equity Partners
Ascenda Capital
Altera Transmission
Fonteyn
Sakai Capital
Zenith Capital
Perennia Capital
Alka Oaks Partners
Rockfront Capital
Virrey Capital

2026

Palette Capital
Starke
Igarapava Capital
Encruzado Partners
Kryne
Janus Nachfolge
Etrus Capital
G3X Capital
Hexagon
S&V Mittelstand
Eterna Partners
13A Transmission
Norrsund
AMS Socios

Updated as of June 2026

Istria’s support was invaluable to us during the acquisition phase - their knowledge of the search fund model, experience in structuring complex deals across jurisdictions, and sheer willingness to help at all times during the execution stage, really helped us to put all other investors at ease and get the deal over the line. They carry a tremendous amount of trust and respect in the search fund community - seeing first hand how they’ve helped us in closing Velis, I truly understand why and I cannot recommend them enough!

PAWEL MALON AND MAREK JAKUBÓWCEOs, SINGU

Istria is bringing a huge value to entrepreneurs, whether searchers or CEOs: with such a global perspective on search funds and so many SMEs acquired, they surely have already encountered the challenges one can be facing. By leveraging their depth of thinking, their network and the knowledge they have on acquiring SMEs, they will surely bring solutions to the table. I have particularly worked more closely with Istria when going down the path of due diligence and closing the transaction. They have been extremely reactive and helpful at the moment where it matters most.

LOUIS JARDELCEO, ACTIBIO

Istria has been a huge point of support for us during our difficult negotiations with the seller, brainstorming COVID-related measures, and Board dynamics. Simón, Ignacio and Isaac have proven to be constantly available to listen to our doubts and worries and have always shown a pragmatic approach that has helped us move in the right direction.

KIERON CHADLER AND GONZALO CARMONACEOs, EMOTION MOBILITY

Ignacio, Simon and the Istria team is a great partner for us with
their professionalism and easy-going attitude. They’re very supportive and helpful, always available on short notice and happy to dig into details, and generously share their contacts and network. We really enjoy working with the Istria team and hope to continue doing so for many years to come!

HELENA AHLSTRÖM AND IVAR SCHMIDTCEOs, FROTCOM