Everything on Investment Structure

The serial acquirer model differs from search funds by operating as a long-term holding company rather than a single-asset vehicle. This structure allows for the aggregation of EBITDA across multiple companies, leading to higher valuation multiples and a more stable exit strategy for investors.

Impact: This model attracts family offices and entrepreneurs who seek exposure to the SME asset class without the volatility of individual company exits, potentially increasing capital inflows into the German Mittelstand.

— from Serial Acquirers vs. Search Funds in German Mittelstand · That's Smart Money· Feb 03, 2026