Search funds are well-understood in regions like the US and Europe, yet the concept is almost unheard of in South Africa. Sibusiso Mbonambi plans to change that, with a strong belief that search funds offer great exit opportunities for founders who have struggled to achieve the succession planning that is usually a prerequisite for a successful exit.
In this episode, he explains the concept of a “BOB” (Boring Old Business) and why it is a perfect candidate for acquisition by a search fund.
You can learn more about Cosworth Capital at this link and you can connect directly with Sibusiso on LinkedIn here.