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auctari capital is dedicated to acquiring and expanding exceptional businesses in Brazil.

The next chapter for your business

We partner with business owners to ensure a smooth and successful transition, preserving your legacy while enabling new growth opportunities.

Learn more

auctari capital

From Latin auctō: to significantly increase or expand.

At auctari capital, we understand that selling your company is a significant decision. Our goal is to provide a smooth and respectful transition, ensuring that the values and culture you have built are preserved.

Our focus is on acquiring a single well-established company in Brazil and driving its growth through operational excellence and technological advancements.

What we seek

EV

< BRL 250M

EBITDA

> 10M BRL and >15%

Geography

Preferably southeastern Brazil (São Paulo, Rio de Janeiro, Minas Gerais, Espírito Santo)

Industry

Technology-enabled companies and/or businesses with recurring revenue models

Business Model

B2B or B2B2C

Long-Term Growth Focus

With our expertise in technology and operations, we are committed to unlocking your company's potential through sustainable growth strategies.

Key Business Characteristics

Strong Cash Flow Generation

Companies with consistent profitability and positive cash flow

High Operating Margins

Companies with EBITDA margins above 15%.

Proven Business Model

At least three years of positive cash flow with a stable customer base

Low Customer Concentration

Diversified revenue sources with low dependency on a single client

Growth Potential

Opportunities for further expansion through digital transformation or operational improvements

Why Sell to auctari capital

We offer a unique proposal for business owners looking to sell.

Preserve Your Legacy

We respect the culture and values you have built over the years.

Smooth Transition

Our process ensures minimal disruption to daily operations during the transition period

Long-Term Growth Focus

With our expertise in technology and operations, we are committed to unlocking your company’s full potential through sustainable growth strategies.
Investment & Focus

Our Team

  • Talles S.

Managing Partner, auctari capital

Meet

Talles is the founder of auctari capital. With over a decade of experience in technology, finance, and operations in global markets, Talles is uniquely positioned to acquire and lead a company into its next stage of growth while preserving its core values and culture.

Professional Experience

BlackRock – Portfolio Manager
Managed over $70 billion in assets across multiple exchange-traded funds (ETFs) in the US, including sectors such as clean energy, technology, and microcaps. Talles developed expertise in capital allocation, risk management, and operational efficiency.

Palantir Technologies – Lead Data & AI Strategist
Led global AI and data analytics projects, generating millions in savings for clients in sectors such as finance, healthcare, insurance, and energy. Talles was responsible for implementing advanced technological solutions to optimize business processes and decision-making.

Education

MBA from Stanford University

Master’s in Engineering from Duke University

Why Talles?

Talles combines technical expertise with a deep understanding of business operations and finance. His hands-on approach ensures that the companies he acquires are not only preserved but also enhanced through strategic improvements, particularly in technology and operational efficiency.

Personal Philosophy

Talles is driven by a personal mission: to help businesses and people become the best versions of themselves. He believes in continuous learning and constant improvement, both personally and professionally. His leadership style is based on integrity, humility, and a strong work ethic instilled through his upbringing.

Dávor Obata

Dávor has experience in Public Equities, having worked across multiple sectors including utilities, infrastructure, retail, banking, and technology. He holds an academic background in Hydraulic and Environmental Engineering from the Polytechnic School of the University of São Paulo.

Victor Mendonça

Victor has experience in financial and strategic consulting projects, valuation, and M&A within the Brazilian middle market. He also brings experience in business development with a focus on growth. He holds an academic background in Economics from the Catholic University of Brasília.

Leadership

Investors &
Advisors

auctari capital is supported by a distinguished group of investors and advisors who bring decades of experience across various industries, including private equity, technology, operations, and mergers & acquisitions (M&A).These individuals are not just financial backers but strategic partners providing valuable insights throughout the acquisition process.

Cerralvo Capital

Fund focused on Search Funds, investing in 35+ international funds, founded by investors, former search funders, and entrepreneurs.

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Santiago Perez

Santiago Perez Teuffer is a partner at Cerralvo Capital. With extensive experience as an investment analyst in Latin America, he also has an entrepreneurial background in the energy sector in countries such as Colombia, Brazil, and Mexico.

ambit partners

International fund focused on Search Funds, combining global exposure with deep experience in transactions and operations.

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Rob LeBlanc

Rob LeBlanc is the co-founder and managing partner of ambit partners, with extensive global experience in private equity and finance. He holds a degree from McGill University and an MBA from Harvard Business School.

JB46

Spanish fund focused on Search Funds with over 32 acquired companies in 18 countries, investing in 100+ Search Funds.

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Miguel Albero

Miguel Albero is the co-founder and board member of JB46 Investment Partners. With a solid career in the financial sector, he served as the Global Director of Trade Finance & Working Capital Solutions Origination, leading several initiatives over the last nine years.

Istria Capital

Istria Capital is a private investment fund based in Madrid, focused on investments in Search Funds. Its founders are Simón Bores and Ignacio Olavarría, who also founded Search Fund Spain.

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Simón Bores Llanos

Simón co-founded Istria with Ignacio in 2016. He is a lawyer, private investor, and owner of a second-generation family business, having firsthand experience with the challenges of founder succession in SMEs.

Kinderhook Partners

Kinderhook Industries is a private equity firm that invests in mid-sized companies in the healthcare, environmental, and industrial sectors. It collaborates with management teams to expand their businesses and generate value.

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Tushar Shah

Tushar co-founded Kinderhook Partners in 2003. He has led investments in various sectors and has been a director of multiple public and private companies.

KYR

Investment company focused on Search Funds. Its main manager is Henrique Duarte, a board member of three companies acquired by Search Funds in Brazil.

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Henrique Duarte

Henrique is a partner at KYR Capital. He has extensive experience in alternative investments and search funds, serving as a board member of several technology companies in Brazil.

Cromwell Harbor Partnership

Cromwell Harbor Partnership is a private investment firm with a variety of long-term holdings, founded by Will Thorndike.

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Will Thorndike

Will Thorndike invests in and supports high-potential companies. He is also the author of The Outsiders, recognized for its insights on leadership and value creation.

Kviv Ventures

Investment company with a focus on Venture Capital and Search Funds. Its main manager is Raphael Klein, Chairman of the Board of Via Varejo.

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Raphael Klein

Raphael was the CEO of Via Varejo for two years, during which the company grew to four times its size compared to when he assumed leadership. He is currently the Chairman of the Board of Via Varejo and a board member of several companies.

Colca Capital

Colca Capital is a private investment firm with offices in Lima, Peru, and Boston, USA, aiming to acquire and operate high-growth companies in Latin America.

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Nicolás Lulli

Nicolás is the managing partner of Colca Capital, leading the Boston office. With experience at Relay Investments, SumZero, and Goldman Sachs, he holds a degree in Politics and Finance from Princeton and is a CFA charterholder.

Land Capital

Land Capital is a family office of the Morgatto family with a variety of long-term holdings.

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Henrique Morgatto

Henrique is currently the CEO of San Marino Urbanismo, a former business consultant at McKinsey, and holds an MBA from IESE, Barcelona.

Mazal Capital

Mazal Capital is an independent arm of the Farahi Family Office. Mazal Capital has a broad investment mandate, focusing on entrepreneurship through acquisitions and private equity.

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David Farahi

David is the founder and managing partner of Mazal Capital, responsible for investment strategy and daily company management. He also oversees a private alternative investment vehicle on behalf of the Farahi Family Office.

Transmission Capital

Transmission Capital is a family-owned investment firm that invests in asset-light businesses. They have patient capital and take a collaborative approach, seeking alignment with founders and owners of high-quality small and medium-sized businesses.

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Alexandre Carel

Alexandre leads Transmission Capital’s initiatives. Before founding Transmission Capital, he had invested in more than 25 private companies in sectors such as insurance brokerage and food distribution. He started his career in the art market at Christie's.

Daniel Egger - Advisor

Daniel Egger is an experienced investor with a track record of over 20 years in technology companies. He operates in areas such as data science, technology, and innovation, leveraging his expertise to identify high-impact opportunities and support growing businesses.

Patrick Arippol - Advisor

Patrick Arippol is the co-founder and managing partner of Alexia Ventures, focused on software and artificial intelligence startups in Latin America. With over 20 years of experience, he also led the venture capital practice at DGF Investimentos and holds an MBA from Stanford GSB.

    Investors and Advisors

    Why Choose auctari capital?

    Preserve Your Legacy

    auctari capital prioritizes maintaining your company’s culture and values while driving growth.

    Direct Leadership

    Talles will personally lead the business after acquisition, ensuring continuity and careful management.

    Flexible Transition Options

    You can choose to remain involved or exit completely, depending on your preferences.

    Fast Process

    With fewer decision-makers involved compared to PE firms or strategic buyers, deals can be closed more quickly.

    Long-Term Focus

    Unlike firms that seek quick returns, auctari capital focuses on sustainable long-term growth.

    Why Choose

    Comparing
    Buyers

    When selling your company, choosing the right buyer makes all the difference. Each type of investor has a unique profile, with different approaches to organizational culture, decision-making speed, and capital structure. Check the table below for the main characteristics of each model to help you evaluate the best option for your goals.

    Criteria

    Long-Term Ownership Focus
    Decision-Making Speed
    Organizational Culture Preservation
    Operational Changes
    Seller Involvement Post-Sale
    Deal Speed
    Capital Structure Flexibility

    Search Fund (auctari capital)

    Long-term growth with direct leadership from the managing partner
    Agile decision-making, centralized in one leader
    High priority on culture preservation
    Gradual improvements focused on growth
    Seller can remain involved or exit completely
    Faster process (90-180 days)
    Includes seller financing or equity retention

    Private Equity (PE)

    Short-to medium-term financial returns
    Slower due to multiple stakeholders
    Focus on financial performance; culture is secondary
    Aggressive changes to maximize short-term returns
    Usually a complete exit after transition
    Slower due to complex financial structure
    Highly leveraged; debt-dependent

    Comprador Estratégico

    Integrated into a larger company for synergies
    Slower due to corporate bureaucracy
    Low priority; culture often absorbed by the parent company
    Immediate changes for integration
    Complete exit; minimal post-sale involvement
    Slower due to regulatory barriers
    Cash transactions or stock swaps

    Criteria

    Search Fund (auctari capital)

    Long-Term Ownership Focus

    Long-term growth with direct leadership from the managing partner

    Decision-Making Speed

    Agile decision-making, centralized in one leader

    Organizational Culture Preservation

    High priority on culture preservation

    Operational Changes

    Gradual improvements focused on growth

    Seller Involvement Post-Sale

    Seller can remain involved or exit completely

    Deal Speed

    Faster process (90-180 days)

    Capital Structure Flexibility

    Includes seller financing or equity retention

    Criteria

    Private Equity (PE)

    Long-Term Ownership Focus

    Short- to medium-term financial returns

    Decision-Making Speed

    Slower due to multiple stakeholders

    Organizational Culture Preservation

    Focus on financial performance; culture is secondary

    Operational Changes

    Aggressive changes to maximize short-term returns

    Seller Involvement Post-Sale

    Usually a complete exit after transition

    Deal Speed

    Slower due to complex financial structure

    Capital Structure Flexibility

    Highly leveraged; debt-dependent

    Criteria

    Strategic Buyer

    Long-Term Ownership Focus

    Integrated into a larger company for synergies

    Decision-Making Speed

    Slower due to corporate bureaucracy

    Organizational Culture Preservation

    Low priority; culture often absorbed by the parent company

    Operational Changes

    Immediate changes for integration

    Seller Involvement Post-Sale

    Complete exit; minimal post-sale involvement

    Deal Speed

    Slower due to regulatory barriers

    Capital Structure Flexibility

    Cash transactions or stock swaps

    Comparison
    auctari

    R. Cap. Antônio Rosa, 409
    Jardim Paulistano, São Paulo - SP, 01443-010, Brazil

    Talles S.

    Managing Partner

    • São Paulo, Brazil

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