Search Fund — Latin America

Acquiring exceptional businesses in Colombia

Arista Capital Partners is a search fund focused on identifying, acquiring, and operating premier SMEs across Latin America — building enduring value for investors, operators, and the communities we serve.

Investor Information Our Thesis
$400–600K Search Capital Raise
24 mo. Search Period
~15 Target Investors
Our Thesis

A disciplined approach to acquiring Colombia's finest operators

Latin America represents one of the most compelling untapped markets for the search fund model. Colombia's growing middle class, improving institutional environment, and fragmented SME landscape create a unique window of opportunity for experienced operators.

We focus on profitable, established businesses with defensible competitive positions — where skilled ownership can unlock meaningful value creation over a 5–7 year horizon.

01
Focused Sector Expertise
Deep sector knowledge in healthcare services, specifically dermatology, aesthetics, and veterinary care — high-growth, recession-resilient industries with strong recurring revenue characteristics.
02
Operational Value Creation
Our edge is operational improvement — bringing rigorous management practices, data-driven decision making, and M&A playbooks to businesses built on strong foundations.
03
Aligned Incentives
As operators who invest alongside our investors, our incentives are fully aligned. We take pride in building businesses that create lasting value for all stakeholders.
04
Local Advantage
On-the-ground presence in Colombia, deep local networks, and fluency in the regulatory and cultural landscape provide meaningful information and execution advantages.
Target Sectors

Where we focus our search

Fragmented markets with strong unit economics and a clear path to consolidation.

✦
Dermatology &
Medical Aesthetics
Clinics providing medically-supervised aesthetic services, laser treatments, and dermatological care. High patient retention, strong cash flow, and significant whitespace in secondary markets.
Primary Focus
✦
Veterinary
Services
Multi-location veterinary practices serving Colombia's rapidly growing pet ownership market. Attractive demographic tailwinds with fragmented ownership and consolidation runway.
Primary Focus
◈
Healthcare
Adjacencies
Specialty medical services businesses displaying similar characteristics — recurring revenue, essential services, professional management upside, and defensible local market positions.
Secondary Focus
For Investors

A differentiated return profile in an emerging market

The search fund model has generated compelling returns for investors over three decades. Arista Capital Partners applies this proven structure to the Latin American opportunity.

✓
Asymmetric upside Step-up economics on acquisition provide early investors preferential returns prior to equity participation by the operators.
✓
Operator-led model Principals invest meaningfully alongside investors — full alignment of incentives throughout the search and ownership phases.
✓
Experienced principals Operators bring world-class management consulting and M&A backgrounds — rigorous frameworks applied to SME acquisition.
✓
Underpenetrated market Latin American search funds remain nascent, creating deal pricing and structural advantages not available in more competitive markets.
Indicative Terms
Search Capital $400,000 – $600,000
Target Investors ~15 investors
Search Period 24 months
Geography Colombia (primary)
Target Sectors Healthcare Services
Target EBITDA $500K – $3M
Structure Traditional Search Fund

For the full investor deck and financial materials, please reach out directly. All information is provided under NDA.

Request Deck
The Team

Operators first

Two principals combining global consulting credentials with deep on-the-ground expertise in Latin America.

L
Louis
Co-Founder & Principal
Consultant at Bain & Company with M&A and strategy experience across multiple sectors. Brings rigorous analytical frameworks and transaction structuring expertise to the search. Based in Boston, with deep ties to Latin American markets.
M
Mateo Morales
Co-Founder & Principal
Co-operator with extensive Colombian market knowledge and operational experience. Provides critical on-the-ground deal sourcing networks, regulatory fluency, and management expertise across the target sectors.
Contact

Let's start a conversation

Whether you're a potential investor, a business owner considering your next chapter, or an advisor — we'd like to hear from you.

Headquarters
Boston, MA & Bogotá, Colombia
For Investors
investors@aristacapital.co
For Business Owners
acquisitions@aristacapital.co