Case | HBS Case Collection | July 2011 (Revised July 2012)

Nashton Partners and its Search Fund Process

by Richard S. Ruback and Royce Yudkoff

Abstract

Nashton Partners was a search fund founded by two HBS MBA's that raised $500,000 to finance a search for a company that they could purchase and then run for the next five to ten years. The case examines the search fund structure, the two-year search, and two potential acquisitions.

Keywords: Mergers and Acquisitions; Capital Structure; Financing and Loans; Investment Funds; Partners and Partnerships;

Citation:

Ruback, Richard S., and Royce Yudkoff. "Nashton Partners and its Search Fund Process." Harvard Business School Case 212-006, July 2011. (Revised July 2012.)