A forward-looking investment firm.

What we do

Andes Fund is a boutique investment whose objective is to acquire small and medium sized enterprises in any part of Chile, and then manage them.

Our goal is to develop and maximize the potential of acquired Companies by contributing human, intellectual and economic capital, with a long-term approach.

We support innovative solutions for the problems normally faced by business owners and investors.

How we do it

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Investor Benefits

  • Purchase of equity interests in Companies with strong market positions, where the owner that has developed the business will maintain a stake in the company, thereby controlling the industry’s inherent risks.

 

  • Access to several purchase alternatives, with the ability to choose the option most suited to their experience, expectations and/or conditions.

 

  • Participation in acquisitions with little visibility, since the market is focused on larger transactions.

 

  • Acquisition mechanisms that minimize the risks of buying high.
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Benefits for Incumbent Owners

  • Option for a scheduled exit, both in terms of operational management, property of the company, going from owner to manager, to consultant and partner.

 

  • Liquidity resulting from the sale of a portion of the company’s equity.

 

  • Stake in a larger Company, resulting from the injection of monetary and intellectual resources.

 

  • Sale mechanisms that minimize the risks of selling low.

Purchase format

Initial analysis

Financial and economic analysis of the target Company and the Industry in which it operates.

Indicative Offer

General negotiation of the most relevant aspects.

Due diligence

In-depth analysis of every aspect of the target Company.

Final negotiation

Definition of the transaction price, payment conditions and final details.

Long-term strategy

We are focused on being a constant and scalable value-creation alternative for our strategic associates and investors.
Our objective is to work in multiple acquisitions throughout time, handing over their management to industry experts. This method of work enables us to grow both organically and inorganically.

Investment Criteria

Financial

  • Annual sales ranging between 5 and 50 MMUSD.
  • EBITDA > 15%
  • Stable and predictable flow
  • Positive returns during the last 3 years.
  • Positive free cash flow.

Company

  • High percentage of recurring, stable and predictable sales.
  • Sustainable competitive advantage.
  • Potential for organic and inorganic growth.
  • Valued brand.
  • Flexible business model.
  • Strong cost management ability.

Industry

  • Growing Industry.
  • Independent from economic cycles.
  • High fragmentation.
  • Low regulatory risk.
  • High entry and exit barriers.
  • High number of clients and suppliers.
  • Moderate need to invest on specific assets.

Incumbent Owners

  • Wiling to continue during and after the transaction.
  • Looking for a complete or partial exit, with the goal of retiring or liquidating assets.
  • Family company with a focus on professionalization.

Criterios de inversión

Financial

  • Annual sales ranging between 5 and 50 MMUSD.
  • EBITDA > 15%
  • Stable and predictable flow
  • Positive returns during the last 3 years.
  • Positive free cash flow.

Company

  • High percentage of recurring, stable and predictable sales.
  • Sustainable competitive advantage.
  • Potential for organic and inorganic growth.
  • Valued brand.
  • Flexible business model.
  • Strong cost management ability.

Industry

  • Growing Industry.
  • Independent from economic cycles.
  • High fragmentation.
  • Low regulatory risk.
  • High entry and exit barriers.
  • High number of clients and suppliers.
  • Moderate need to invest on specific assets.

Incumbent Owners

  • Wiling to continue during and after the transaction.
  • Looking for a complete or partial exit, with the goal of retiring or liquidating assets.
  • Family company with a focus on professionalization.

What we look for

We seek to participate and promote the development of companies with a track record, operational and commercial strengths, so that we can capture the opportunities available in their markets.

Although we are interested in certain specific characteristics of each company, we are aware that each company and industry is different, and therefore we analyze each investment alternative in its specific context.

Balance between past and future

We are interested in having the original owners of the business maintain a stake in the ownership of the company, so that the business can expand with new ideas, but without neglecting the experience and knowledge of its mentor.

 

Our team

Our team is comprised of highly qualified professionals who, in aggregate, have more than 55 years of experience in various fields of corporate acquisitions and reorganizations, as well as operational and strategic management.

Carlos Aranís Olivares

Managing Partner

César Moya Miranda

Managing Director

Juan Carlos Valenzuela

Managing Director

Let us know:

  • do you wish to invest with us?
  • do you wish to sell your company?

Fill out the form to receive further information

Find Us

Isidora Goyenechea 2934, Of. 802, Las Condes, Santiago, Chile.

Contact Us

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