SEARCH|BUY|GROW

Bass Capital is on a mission to find and acquire a small - medium sized business in Australia.

Upon identifying a good candidate, Bass Capital will work with the existing owners to facilitate a transfer of ownership and management.

Then Bass Capital’s Principal will take the reins, managing the business going forward.

SEARCH

Structured as a traditional search fund, Bass Capital is looking to acquire an existing business in the Australian market.

Bass Capital understands that the key to small business success is a combination of strategy and hard work, so we are looking for businesses whose current owners represent both these facets.

Bass Capital is supported by a pool of experienced investors who have supported other search funds to acquire businesses under this investment model and hence bring a wealth of knowledge to the search phase and beyond.

Post acquisition the Principal is heavily involved in the management of the business making this an entrepreneurial transaction rather than a private equity approach.

Why Bass?

Bass Capital is named after British explorer George Bass. Best known for his expeditions with Matthew Flinders in the late 1790s, Bass was the pioneering force in the discovery of Western Port Bay and mapping of the southern island of Tasmania. An explorer is progressive, agile and self-driven, these attributes also align with the profile of a successful Searcher.

Principal Kelsey grew up in the coastal town of Flinders, which fronts onto Bass Strait, the passage of water commemoratively named after George Bass.

  • Bass Capital has set investment criteria, at a high level the acquisition target is currently generating between $2-5M EBITDA, has stable margins and consistent cash flows.

  • Historically Small and Medium sized businesses change hands when the owner is ready to move onto their next adventure, often due to retirement. When a business is family owned and succession isn’t an option selling to a search fund is a good opportunity to exit to a buyer who feels equally passionate about your company.

  • Bass Capital is looking Australia wide for a business that is successful in its current geography and has the potential to grow within its region or potentially beyond.

  • A search fund is an investment structure that financially supports an experienced principal(s) to search for and acquire an existing business.

    To learn more take a look at the 2022 selected observations reports prepared by IESE and Stanford universities.