Frequently Asked Questions
Here are the answers to some of the most common questions that get asked
A 'Search Fund' is an investment vehicle through which an entrepreneur raises funds from investors in order to acquire a company. Post acquisition, the entrepreneur takes an active, day-to-day leadership role. This model has a long history of successfully being used to acquire businesses since 1984. To learn more please visit: (i) Stanford's Search Funds Research Page, and (ii) IESE International Search Fund Center.
Unlike other buyers, Forás Capital is led by an entrepreneur, Sam Batran, who is in the market to buy only one business. He is a seasoned CEO who enjoys the challenge of leading people, entering new markets, and growing businesses. He is interested to hold onto the company for a long time, and preserving your legacy. He is willing to relocate anywhere and dedicate 100% of his time leading the business.
We are looking to acquire the company in full or a substantial majority. We are flexible, so if the existing owner(s) would like to keep a minority stake, we are happy to have them on board with us.
A transition plan will be prepared and agreed upon between all stakeholders during due diligence phase. Good and coordinated communication is key to ensure that customers, suppliers, and staff are comfortable and supportive with the transition.
No, we are in the market to buy only one business. Post-acquisition, Sam Batran is expected to be employed full-time by the acquired company as CEO, and Forás Capital will cease to exist.
Forás Capital is supported by a group of investors, and they will be the ones contributing the equity. We will also explore debt options depending on the transaction. To learn more about Forás Capital's backers, please visit our 'About Us' page.
Forás Capital's backers are long-term holders and intend to grow the business for a long period (i.e., 10-15+ years).
We are incorporated in Ireland. Our CRO registration number is 726667. We are not a regulated entity as Forás Capital is not a money manager. It is an investment vehicle that is structured as a Search Fund. To learn more about Search Funds, please visit Stanford's Search Funds Research Page and IESE International Search Fund Center.
The main point of contact always is Sam Batran. We have disclosed the investors to be transparent, to give confidence that our funds are ready, and that we are able to transact.
Yes. Sam Batran can arrange that for you.
Sam Batran spent several months raising the funds for Forás Capital from investors in Ireland, UK and internationally, based on the Search Fund model. To learn more about Search Funds, please visit Stanford's Search Funds Research Page and IESE International Search Fund Center.
"Forás" is Irish for "development and growth". The name reflects our aim and vision to acquire one company to develop and grow to the next level.
Blog
Here are some articles and blogs by Sam Batran on Search Funds and his journey launching Forás Capital


Forás Capital: The Hero to Save the Roy Family’s Legacy
PKF Ireland gives an insight on Search Funds
The Currency reports on search funds as "a hands-on twist on private equity"
The Currency Spotlights Forás Capital
Forás Capital featured in Independent.ie: Highlighting Our Unique Approach to Acquiring Businesses
Forás Capital highlighted in recent Business Post article on €50m search fund launch
Forás Capital launches as Ireland's first search fund

