Our thesis is based on the concept of Search Fund, as follows:
We look for companies that meet our criteria and entrepreneurs with solid businesses who are looking for transition and liquidity.
We offer an exit and succession opportunity for these entrepreneurs, preserving their legacy.
We acquire and take over management of the company, generating value through strategy review and focus on execution.
We think long term and are ready to roll up our sleeves and dedicate ourselves to managing your business.
what we do
Annual revenue between R$20 million and R$150 million
Profitability above 20%
Profitability history
Finances
Diversified customer base
Recurring revenue
Experienced management team
Business
services
B2B
Low working capital requirement
Industry
Owners seeking liquidity and/or exit
Owners seeking management transition
Mature operation
Structure
We are looking for companies that fit the following criteria:

our values
We understand and care for your legacy. We recognize the importance of your company and respect what you have built over the years. We will preserve what you have worked so hard to build.
We plan to make an acquisition that meets everyone's expectations. We are an agile and flexible group in decision-making. We plan a win-win acquisition and transition model.
We do not pursue short-term opportunities. In line with our goal of acquiring a company, we focus and prioritize long-term value creation. We will take care of your company in the future the same way you took care of it in the past.
We will dedicate ourselves entirely to the management of the acquired company. With the objective of acquiring only one company, Minerva Capital's leadership will assume the leadership of the company, dedicating itself exclusively to its transition and management.
In addition to financial resources and talent, we offer resources that few companies have access to. Our experienced and renowned investors will support the company's strategy and management through advice and participation in key routines.
Management Experience
We have experience in managing small and medium-sized companies. The entire Minerva team will be involved in the business of the acquired company.

differentials

Backed by several experienced investors, Minerva Capital is a long-term focused fund with the mission of identifying , acquiring and operating a single mid-sized private company in Brazil.
We preserve your legacy and create paths for your future

Entrepreneurship by acquisition, in the Search Fund model, has proven to be an excellent alternative for the succession of small and medium-sized companies in Brazil and around the world. The combination of investors and experienced professionals ensures the maintenance of the legacy of successful companies.
Pedro Dorea, leader of Minerva Capital, holds a degree in Engineering from UFRJ/Hull University, a postgraduate degree from IBMEC and an MBA from COPPEAD/CEIBS. With experience in Brazil and abroad in the retail, industry, services and consulting segments, he has generated significant results in several areas. His first leadership position in a medium-sized company was in 2017, at the Nitro group, where he was responsible for the international commercial project, increasing commercial results by more than 100% in a short period.
After completing his MBA, he worked at Istria Capital, a Spanish fund specializing in international Search Fund investments, with over 40 acquisitions worldwide. There, he gained experience with the Search Fund model, collaborating with entrepreneurs and investors. In 2024, he founded Minerva Capital together with 18 experienced and renowned investors.

leadership
investors
Minerva Capital has a base of 18 national and international investment partners, including professional investors, successful entrepreneurs and renowned executives. With experience in growth, development and professionalization of companies in various sectors, they will work alongside Minerva Capital in creating sustainable and long-term value.
nationals

Kyr Capital

Brainvest

KVIV Ventures

Spectra

Gulf Capital Partners

TMB3

Gabriel Ronacher

Andre Asti

Julian Tonioli

William Bonifacio
international
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Istria Capital
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Hangers Investments
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Soare Group
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Tobias Raeber
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Family Ruiz
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Steele Street Investments
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Marc Bartomeus & Jose Maria Clotet
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Andrew Freiman & Will Thorndike