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In 2019, the multi-asset private fund TMB3 Fund, headquartered in The Bahamas, Sao Paulo, New York, and Barcelona, initiated its foray into the SF Industry. Under the leadership of Thomaz Andrade Conde and Gerardo Noejovich, they held a strong belief in the SF model and aimed to become key investors in the industry, adopting a hands-on approach and actively participating in deals.
In less than five years, they have engaged in 18 acquisitions globally and supported over 44 SFs, with 30 of them remaining active as of the end of 2023. Their principal investments are in Brazil, Europe, and the US, but they also have invested in countries such as Australia, Egypt, Vietnam, and the Emirates.
In 2023, they provided backing to a dozen searchers in ten different countries, including Cornisa Capital (Chile), Del Lago Capital (Colombia), Memphis Capital (Egypt), Nogal Capital (Mexico), Roxbi Capital (UK), S2 Seqos (Germany), Sunrise Capital (Italy), and the pioneering ROU Partners & Tinto Hill, the first SFs in Uruguay and Ireland, respectively. They also had a successful year in terms of acquisitions, completing twelve deals, including three in Brazil (Tatil, Colortel, and Kofre), two in France (Foo Seng and ASP Group), two in Spain (Novas & Mar and Cartonajes Limousin), Australian Austral Herbs, German EQ Photonics, English Harlow Printing, Mexican IMMSA and American SMX Indust. Solutions.
