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GestInvest

Insights

Perspectives on capital,
transactions and private markets.

GestInvest shares selected perspectives on M&A, capital, private markets, ownership and investment situations.

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Equity vs Debt: Choosing the Right Capital Instrument Capital

Equity vs Debt: Choosing the Right Capital Instrument

The choice between equity and debt is rarely just a cost-of-capital question. It is a decision about control, dilution, flexibility and how much risk the company — and its shareholders — can genuinely absorb. Companies that start from the instrument, rather than the objective, tend to raise capital that fits the market rather than the business.

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Why Hotel Transactions Are Different From Real Estate Deals Hospitality & Real Estate

Why Hotel Transactions Are Different From Real Estate Deals

A hotel is a building, a business and a brand relationship all at once. Treating it as a pure real estate transaction — valuing the walls without the operation — is one of the most common ways value is lost, on both the sell-side and the buy-side.

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When a Partial Exit Makes More Sense Than a Full Sale Special Situations

When a Partial Exit Makes More Sense Than a Full Sale

A full sale is often assumed to be the default answer to a liquidity need. It rarely is. A shareholder who wants liquidity while the business still has room to grow may be better served by a partial exit, a recapitalisation or a new minority investor — structures a full sale process is not designed to surface.

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Club Deals and the Discipline of Investor Selection Private Markets

Club Deals and the Discipline of Investor Selection

A club deal is only as strong as the alignment between the investors in it. Ticket size and enthusiasm are not enough — mismatched time horizons or return expectations among co-investors are among the most common reasons a promising private opportunity becomes a difficult one.

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The Search Fund Model in Iberia: Opportunity and Structure Private Markets

The Search Fund Model in Iberia: Opportunity and Structure

Search funds have become an established acquisition model in North America and are now growing across Europe. In Portugal and Spain, the fundamentals are compelling: a large base of founder-owned businesses approaching succession, limited institutional M&A interest in the sub-€15M enterprise value range, and an emerging ecosystem of trained operators seeking acquisition-led entrepreneurship.

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Why Private Wealth Requires Governance, Not Just Investment Management Family Capital

Why Private Wealth Requires Governance, Not Just Investment Management

Most private portfolios are not managed — they are accumulated. Over time, capital spreads across banks, funds, real estate, and private investments without a unified framework. Each provider sees their slice. No one sees the whole. The result is a portfolio that looks acceptable at each individual level but carries hidden concentration risk, liquidity gaps and governance blind spots.

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