For investors
A traditional search fund, backed by a track record
ORENDA follows the conventional search fund model: capital is raised to fund a disciplined, time-boxed search for a single acquisition, led by an operator who intends to run the business for the long term.
At a glance
- EUR 520k
- Search Capital
- 24 months
- Runway
- EUR 2–7M
- Target EBITDA
- 2nd
- Acquisition for the Searcher
The case in brief
Market
~117,000 companies across Bavaria, Baden-Württemberg and Austria are succession-ready and economically attractive between 2027 and 2031 — a combined market of ~34M people and ~EUR 1.9tn GDP.
Operator
Thomas led the November 2024 management buy-in of a health-supplements producer in North Rhine-Westphalia, alongside two co-investors, and has operated the company since.
Focus
Finance/Regulatory and Health/Supplements — two verticals where the Searcher has direct operating credibility — plus one opportunistic sourcing lane.
Structure
Deal terms follow conventional search fund practice, aligning Searcher and investor incentives over the full hold.
Full terms, under NDA
Detailed economics live in the Private Placement Memorandum
Deal terms, budget, the preferred-return structure and illustrative investor economics are shared directly with qualified investors alongside the full Private Placement Memorandum, not published here. Reach out and Thomas will follow up personally.
Request access
Request the investor memorandum
Book a short introductory call, or write directly to thomas@orenda-nachfolge.com.