Subscribe to unlock this article
Thanks for your support.
Rely Capital Partners is led by Mathias Rapp and Bernardo Suarez, two co-founders with complementary backgrounds and a shared decision: to dedicate the coming years to acquiring and operating a single high-quality Brazilian company, taking on daily responsibility for the business and working alongside its team. They are backed by Brazilian and international investors such as Kanoa Capital, KYR Capital, JB46, Cabiedes Capital, KVIV Ventures, Newton Equity Partners, Allievo Capital, and Software Growth Partners.
Mathias Rapp has built his career in business development, strategic negotiations, and investment evaluation within the infrastructure and energy sectors. Over the past decade, he has held leadership roles at companies including Casa dos Ventos, Matrix Energia, Proton Energy, and Andrade Gutierrez, where he was involved in acquisitions, market analysis, and the development of long-term strategic partnerships. Throughout his career, he has worked closely with founders, investors, and clients to identify and execute growth opportunities.
Bernardo Suarez has built his career in finance, operations, and business transformation, developing extensive international experience at GE HealthCare. Over the past decade, he has held progressively senior leadership roles across global supply chain finance, FP&A, and operational finance, leading international teams, managing multi-billion-dollar budgets, and driving productivity, sourcing, and transformation initiatives. Throughout his career, he has combined strong analytical and financial expertise with a hands-on approach to operational execution, focusing on continuous improvement, efficiency, and long-term value creation. He holds an Executive MBA from IESE Business School.
They are seeking to acquire a well-established Brazilian company with strong fundamentals and long-term growth potential. The team is sector-agnostic but disciplined in its investment criteria, focusing on businesses with annual revenue between R$50M and R$150M, EBITDA margins above 15%, consistent cash generation, and recurring or contractual revenue. They are particularly interested in companies operating in resilient, fragmented, and growing markets with low exposure to economic cycles or technological disruption. Their preferred sectors include technical and industrial services, inspection, maintenance and compliance, essential business services, vertical software and B2B SaaS, specialized logistics, B2B healthcare, and niche manufacturing.


