Operator-Led Search
How Our
Program Works
NCA’s program offers experienced executives a structured opportunity to become part of our Operator Led Search Fund Program, supported by a powerful in-house team of legal and business experts.
Selection & onboarding process
Where we invest
We are industry agnostic, but all program participants must have 1-3 focus
industries/sectors and relevant industry experience.
Located in Europe, the US, or Canada
EBITDA in the range of EUR 1-5 million
Enterprise Value in the range of 5-50 million $/EUR
Potential for additional growth/value creation
Recurring revenues
Profitable with positive cash flows
Ability to achieve full control through purchase
Space for operational improvement and/or revenue expansion
Meet our Assessment Center Team
Andrea Gaia Botton
Greta Antonacci
Sam Holt
Application timeline
Candidates may apply at any time however applications are reviewed by NCA three times per year. Each selection cycle takes approximately 12-15 weeks
Month 1: Selection
Applications are received and reviewed by the NCA team. Applicants can register for Q&A sessions with other candidates to best prepare their application. Candidates receive reading material and an invitation to record a 1-way video to complete their profile.
Month 2: Selection
Selected candidates are invited to an Orientation Call, a zoom interview with NCA’s Global VP of Talent Acquisition, and a zoom “Open House” webinar. If selected to continue, candidates are also given 5 days to complete a business case assignment.
Month 3: Selection
Candidates are given sample program documentation in order to familiarize themselves with the legal framework of NCA’s program. After addressing any legal questions in a Q&A webinar, candidates are then invited to a video call with NCA Partners. Following those calls, selected candidates will then be invited to the NCA Assessment Center to present their pitch and, if selected to continue, will work with NCA to further develop their business case.
Month 4: Onboarding Begins
Onboarding begins for selected candidates (the duration of this phase depends on the searcher’s availability). This phase encompasses preparation of a PPM, a website, and marketing materials. Candidates will also be introduced to the NCA Investor Relations Team.
Month 5-6: Fundraising + Final Onboarding Steps
This phase includes fundraising, the signature of Legal Documents, and Capital Calls. The duration of this phase varies, but candidates should activate their own networks as early as possible to fulfill their obligation of bringing at least 1 co-investor to their cap table. Once the Search Capital is raised, the candidate is admitted into the program and begins the “search phase,” which can last up to 24 months.
Professional Development Program
Introducing our esteemed panel of contributing professors, offering business training
courses to our entrepreneurs. Hailing from renowned MBA programs across the EU and the
US, each professor brings a wealth of academic expertise and real-world experience to our
program. Explore below to learn more about the professors contributing to NCA
searchers on their entrepreneurial journey!