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After managing a family business in the automation sector for several years and successfully selling it in 2019, Italian entrepreneur Alessandro Pace launched Cloudbreak in 2022. This Luxembourg-based vehicle has €20M in capital, with half allocated to venture capital investments and the other half dedicated to Search Funds. Besides family money, the vehicle brings together other private investors with tickets ranging from €250k to €500k, allowing them to enter this asset class. Alessandro has partnered with Carlos Rubio to manage the fund and benefited from the expertise of Antonio Zotti and Fabio Buttignon as advisors and local partners in Italy.
The investment firm has been a major player in the Italian SF landscape in recent years, participating in several acquisitions, including the buyouts of P&P Italia (Augusta Capital), Caris Servizi (Argo Partners), Link.it (AdAstra Partners), and the Dante Alighieri Training Agency (Monforte Capital Partners). It has also backed SFs that are still looking for companies to acquire, such as Cassandra Investments, Castellum Equity Partners, Fitex Capital, Galileo Capital, and Solferino Capital.
While Italy remains its primary focus, Cloudbreak also invests across Europe and the USA. To date, it has supported around 25 searchers and completed 12 acquisitions. In addition to the Italian deals mentioned, it has participated in several transactions with Novastone Capital Advisors’ searchers, including Foo Seng (France) in Green Logistics Groningen (Netherlands), ForMeds (Poland), and IAR Group (Switzerland), and is currently finalizing the buyout of a winery acquired by a Spanish searcher.
