>20 investments in SMEs
80+ entrepreneurs backed
4 NovEtA vintages
12 countries active

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Since 2008, Novadvice has backed 80+ entrepreneurs and completed more than 20 investments
across Europe and North America. Through our NovEtA strategy, we invest in profitable SMEs led
by experienced operators — creating durable value for entrepreneurs, employees, and investors
alike.

NovEtA — Entrepreneurship Through Acquisition

NovEtA is our dedicated ETA and search fund investment strategy, active across Europe and North America since 2020. We back exceptional operators to acquire and lead profitable SMEs, providing capital, active governance, and hands-on board support from the search phase through acquisition to exit.

Turquoise lake surrounded by rocky mountains with snow-capped peaks under a cloudy sky.
Rock formations in the ocean with a natural arch and birds flying at sunset.
Turquoise lake surrounded by rocky mountains with snow-capped peaks under a cloudy sky.
Rock formations in the ocean with a natural arch and birds flying at sunset.
Turquoise lake surrounded by rocky mountains with snow-capped peaks under a cloudy sky.
Rock formations in the ocean with a natural arch and birds flying at sunset.

What we do

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Novadvice identifies, backs, and supports experienced entrepreneurs —mid-career professionals with 10+ years of professional experience — as they acquire and lead established SMEs. Investments are made through structured NovEtA vintages, complemented by governance and board expertise from our proprietary Directorship Office, and by an operational presence that runs from search to exit.

12 Countries Active
2008 Founding Origins
15+ Years of Experience
80 Entrepreneurs backed
>20 Investments in SMEs
4 NovEtA vintages
12 Countries Active
2008 Founding Origins
15+ Years of Experience
80 Entrepreneurs backed
>20 Investments in SMEs
4 NovEtA vintages

How you can invest with us

Novadvice's NovEtA strategy is open to qualified investors — family offices, HNWIs, and institutional LPs — through successive Luxembourg-domiciled vintages. Each vintage follows the same structure and investment discipline.

Fund Type

Luxembourg SCSp

Yearly Audits

The fund is audited annually.

Fund Term

5 years from the final closing, extendable by two successive 1-year extensions.

Fund Size

Hard cap of €20 million per vintage.

Minimum Investment Ticket

€200,000.

Funding Approach

100% drawdown at subscription (no capital calls).

Management Fee

2% per annum on committed capital.

Preferred Return (Hurdle Rate)

8% per annum, compounded on unreturned capital.

Carried Interest

20% carried interest on returns above the 8% preferred return, with a catch-up provision.

NovEtA Vintages

Novadvice has launched 4 NovEtA vintages since 2020, each focused on a specific geography and
phase of the ETA cycle.

Portfolio Companies

Explore a selection of companies backed through Novadvice's investment strategies, spanning multiple industries and geographies with a focus on long-term value creation.

Medical Devices

United Kingdom

Developer and distributor of specialized medical devices supporting hospitals and healthcare providers across Europe.

EcoBuild Materials

Sweden

Supplier of sustainable construction materials focused on reducing environmental impact while maintaining high performance.

HarborTech Systems

United States

Technology-enabled business delivering automation and digital infrastructure solutions for mid-market enterprises.

Manufacturing Group

Netherlands

Manufacturer of precision-engineered components serving industrial, automotive, and energy sectors across Europe.

Business Systems

Germany

B2B software provider helping small and mid-sized enterprises improve financial operations, reporting, and workflow automation.

Alpine Facility Services

Switzerland

Facilities management company delivering integrated maintenance, technical services, and energy-efficient building solutions.

NorthBridge Logistics

Canada

Provider of supply chain and logistics solutions serving manufacturers and distributors across North America.

Atlas Industrial Solutions

Belgium

Industrial services company specializing in maintenance, engineering support, and operational efficiency for manufacturing businesses.

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Marea — Alternative Investment Platform in Mexico

Marea is an alternative investment platform focused on generating value by bringing financial and strategic solutions to Mexico's structural gaps. Marea targets high-growth opportunities in Mexico's credit, healthcare, and education sectors, backed by a rigorous investment process and
a deep local network. Novadvice's managing partners — Marc Michiels, María Pardo, and Adrian Carniol — sit on Marea's board as directors and advisors, providing institutional discipline and long-term partnership.

Beyond NovEtA — Other Investments

Beyond NovEtA, Novadvice has developed complementary investment activities that reflect our broader 15+ years of alternative investment experience.

Real Estate

Novadvice's Real Estate activity invests in multifamily residential developments in the United States, partnering with local operators to build income-producing residential portfolios in high-growth markets — with a focus on Florida and the broader Southeast.

NVC — Novadvice Venture Capital

NVC — Novadvice Venture Capital — invests in early-stage innovative companies tackling sustainability challenges across Europe, North America, and Latin America. Focused on ClimateTech, Circularity, Energy, and PropTech, NVC combines venture capital discipline with a
positive-impact mandate aligned with the UN's principles of responsible investments.

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Trusted Client Experiences

Hear from clients who trusted our team to deliver thoughtful solutions, exceptional service, and results that exceeded expectations consistently.

Novadvice stood out with high reliability, professionalism and clarity, combined with a human, empathetic touch. Always responsive when needed, critical yet constructive when required, what stood out most was their genuine interest and willingness to listen. To go further, we'd love to see them leverage their network and ecosystem of operators and CEOs, sharing proven best practices, tools and software (consolidation, BI, CRM) that address the typical shortfalls SMEs face EU-wide.

Philipp Niemann
CEO of SOS Software Service

NovEtA entered my cap table when I had an equity gap before acquisition. María Pardo joined the Board from the start and soon became its chair, always focused on understanding the business challenges and offering constructive advice. She interacts frequently and directly with me and our executives, unlike most other investors, who are passive. On sensitive topics, I would want changes raised with the Searcher first in a constructive discussion, rather than communicated directly to the whole cap table.

George Berczely
CEO of Seyses

Novadvice was a thoughtful sparring partner from the first investment idea, through active board work, all the way to exit. What set them apart was speed and substance combined, quick turnaround on both strategic and administrative matters, always grounded in real market understanding. Adrian Carniol brought sharp market insight, helped us pressure-test strategic alternatives, and was always available when our team needed a second opinion on tricky distribution or marketing calls.

Waldemar Pilch
CEO of Adex Cosmetics

Invest with Novadvice

Novadvice's investor base includes family offices, HNWIs, and institutional LPs. Each NovEtA vintage is open to qualified investors — with no capital calls, transparent reporting, and full alignment with the Novadvice team. To discuss a potential allocation, get in touch with our team.

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