Continuity & Transformation Through Respect

We acquire and lead a single company — preserving the legacy, culture, and leadership built by its founders while ensuring sustainable growth for the next generation.

About

We believe in continuity and transformation through respect

At Netherwood Capital, our goal is to acquire and lead a single company, preserving the legacy, culture, and leadership built by its founders while bringing new energy and resources to ensure sustainable growth for the next generation.

We value long-term relationships, operational excellence, and genuine alignment with the people who made the company what it is.

Netherwood Capital is a traditional search fund committed to invest in a company in Argentina, emphasizing operational excellence and genuine value creation.

Search Funds originated at Harvard University in 1984, were popularized at Stanford University, and have been adopted by top business schools around the world.

A Search Fund is an entrepreneurial path undertaken by one professional — the "searcher" — who forms an investment vehicle with a small group of aligned investors, some of whom become mentors, to search for, acquire, and lead a privately held company for the long term.

"We value long-term relationships, operational excellence, and genuine alignment with the people who made the company what it is."
— Netherwood Capital Partners
Approach

Grounded in partnership and purpose

Our approach is grounded in partnership and purpose. We seek to acquire and lead a single company where we can build upon a strong foundation. We believe that continuity and progress go hand in hand — preserving what made a business successful while introducing the tools, talent, and perspective to help it thrive in its next chapter. Our process is deliberate, relationship-driven, and anchored in respect for the legacy, culture, and people who shaped the company's story.

01

Legacy as a Foundation

We honor the vision and commitment of the founders and teams who built enduring businesses. Our goal is not to replace their legacy, but to extend it — ensuring continuity while unlocking new opportunities for growth.

02

Partnership over Transaction

We see acquisition as the beginning of a long-term collaboration. We prioritize alignment, transparency, and trust with all stakeholders — founders, employees, investors, and customers alike.

03

Sustainable Value Creation

We focus on operational excellence and responsible growth. By combining local insight with global experience, we aim to create value that endures beyond market cycles and leadership transitions.

Investment Thesis

What we look for

Financial Criteria

  • Acquire 100% of the company to ensure full operational leadership and long-term alignment
  • More than 80% of proven recurring revenue, and more than 10% YoY revenue growth
  • Up to $30M–$40M in annual revenues, with EBITDA margins greater than 10%
  • High ROIC, negative net working capital, high ROTC
  • Positive and established cash flow
  • Enterprise Value (EV) of up to $30M with well-established businesses with solid foundations

Business Criteria

  • Companies that demonstrate strong growth potential and market stability
  • Industries: Agribusiness, Services and Technology
  • Companies located in Argentina with regional business opportunity
  • Customer base: preferably B2B, but can be B2C with a strong track record
  • Current management lacking a successor line, capabilities, capital or drive to move to the next level
Team

Experience across Latin America and Europe

Our team combines a wealth of experience in technology, private equity, and operations. With a strong track record of success across Latin America and Europe, we are passionate about supporting businesses that have the potential to transform their industries.

Ivan Garbarino
Managing Partner

Mr. Garbarino has over 12 years of experience driving value creation across Latin America and Europe. He began his career with Booz & Company in Latin America, before moving into private equity at KKR and TA Associates in London. He later served as Global Head of B2B Operations at Rappi. He holds an engineering degree from Universidad Nacional de Rosario and an MBA from London Business School.

Local Investors
Senior Investment Partners

Netherwood Capital is backed by a distinguished group of local investors with deep expertise in private equity, venture capital, and corporate leadership. Recognized as some of the most respected figures in Argentina's business and investment community, they bring institutional credibility, strategic insight, and decades of experience supporting high-growth companies across the region.

International Investors
Global Institutional & Strategic Investors

Netherwood Capital is supported by leading international investors and institutions with deep experience in search funds, private equity, and long-term company building. Our backers include prominent family offices, fund managers, and entrepreneurs across the U.S., Europe, Asia, and Latin America, all of whom bring global perspective, rigorous investment discipline, and a strong commitment to supporting entrepreneurial operators.

Work With Us

Join our journey

We offer internship opportunities for driven individuals who want to gain hands-on experience in private equity, search fund investing, and business operations in Argentina. Work directly alongside our team and be part of the search and acquisition process from day one.

We are looking for analytical thinkers with strong communication skills, genuine curiosity about business, and a passion for Argentina's entrepreneurial ecosystem.

Apply Now
Contact

Let's start a conversation

Whether you are a founder exploring a transition, an investor aligned with our vision, or a student eager to learn — we would love to hear from you.

Send a Message
Phone +54 11 5192-5500
Address Av. del Libertador 101
10th Floor, B1638
Vicente López, Buenos Aires
Argentina