{"id":89747,"date":"2021-12-07T12:28:15","date_gmt":"2021-12-07T11:28:15","guid":{"rendered":"https:\/\/ww3.onetoonecf.com\/?p=89747"},"modified":"2026-03-19T10:43:48","modified_gmt":"2026-03-19T09:43:48","slug":"el-boom-de-los-search-funds-por-que","status":"publish","type":"post","link":"https:\/\/www.onetoonecf.com\/es\/el-boom-de-los-search-funds-por-que\/","title":{"rendered":"El boom de los Search Funds \u00bfPor qu\u00e9?"},"content":{"rendered":"<style>.elementor-89747 .elementor-element.elementor-element-d8d2330{--display:flex;--flex-direction:column;--container-widget-width:100%;--container-widget-height:initial;--container-widget-flex-grow:0;--container-widget-align-self:initial;--flex-wrap-mobile:wrap;}.elementor-89747 .elementor-element.elementor-element-63bf55f{--display:flex;}.elementor-89747 .elementor-element.elementor-element-053be92{--display:flex;}.elementor-89747 .elementor-element.elementor-element-e3e1f70{--display:flex;}.elementor-89747 .elementor-element.elementor-element-1e46826{--display:flex;}.elementor-89747 .elementor-element.elementor-element-dfd4b3d{--display:flex;--flex-direction:column;--container-widget-width:100%;--container-widget-height:initial;--container-widget-flex-grow:0;--container-widget-align-self:initial;--flex-wrap-mobile:wrap;}.elementor-89747 .elementor-element.elementor-element-871389b{--display:flex;--flex-direction:column;--container-widget-width:100%;--container-widget-height:initial;--container-widget-flex-grow:0;--container-widget-align-self:initial;--flex-wrap-mobile:wrap;--border-radius:20px 20px 20px 20px;--margin-top:0px;--margin-bottom:0px;--margin-left:0px;--margin-right:0px;--padding-top:0px;--padding-bottom:0px;--padding-left:0px;--padding-right:0px;}.elementor-89747 .elementor-element.elementor-element-871389b:not(.elementor-motion-effects-element-type-background), .elementor-89747 .elementor-element.elementor-element-871389b > .elementor-motion-effects-container > .elementor-motion-effects-layer{background-image:url(\"https:\/\/www.onetoonecf.com\/wp-content\/uploads\/sites\/16\/2021\/10\/banner-am-final-1-768x161.png\");}.elementor-89747 .elementor-element.elementor-element-2c4e1f1{--iteration-count:infinite;--dynamic-text-color:var( --e-global-color-accent );margin:0px 0px calc(var(--kit-widget-spacing, 0px) + -13px) 0px;padding:0px 0px 0px 0px;width:var( --container-widget-width, 100% );max-width:100%;--container-widget-width:100%;--container-widget-flex-grow:0;}.elementor-89747 .elementor-element.elementor-element-2c4e1f1 .elementor-headline{text-align:center;font-family:\"Fraunces\", Sans-serif;font-size:43px;}.elementor-89747 .elementor-element.elementor-element-2c4e1f1 .elementor-headline-plain-text{color:var( --e-global-color-ddccc38 );}.elementor-89747 .elementor-element.elementor-element-2c4e1f1 .elementor-headline .elementor-headline-plain-text{-webkit-text-stroke-color:#000;stroke:#000;text-shadow:0px 0px 10px rgba(0,0,0,0.3);}.elementor-89747 .elementor-element.elementor-element-2c4e1f1 .elementor-headline-dynamic-text{font-family:\"Fraunces\", Sans-serif;font-weight:400;}.elementor-89747 .elementor-element.elementor-element-2c4e1f1.elementor-element{--align-self:stretch;--flex-grow:0;--flex-shrink:0;}.elementor-89747 .elementor-element.elementor-element-9fbcca1 .jeg-elementor-kit.jkit-button{text-align:left;}.elementor-89747 .elementor-element.elementor-element-9fbcca1 .jeg-elementor-kit.jkit-button .jkit-button-wrapper{padding:13px 32px 13px 32px;font-family:\"Inter\", Sans-serif;font-size:13px;font-weight:400;text-decoration:none;line-height:1.2em;color:var( --e-global-color-accent );background-color:var( --e-global-color-39536fb );border-style:solid;border-width:1px 1px 1px 1px;border-color:var( --e-global-color-39536fb );border-radius:30px 30px 30px 30px;}.elementor-89747 .elementor-element.elementor-element-9fbcca1 .jeg-elementor-kit.jkit-button .jkit-button-wrapper svg{fill:var( --e-global-color-accent );width:15px;}.elementor-89747 .elementor-element.elementor-element-9fbcca1 .jeg-elementor-kit.jkit-button .jkit-button-wrapper:hover{color:var( --e-global-color-39536fb );border-style:solid;border-color:var( --e-global-color-accent );}.elementor-89747 .elementor-element.elementor-element-9fbcca1 .jeg-elementor-kit.jkit-button .jkit-button-wrapper:hover svg{fill:var( --e-global-color-39536fb );}.elementor-89747 .elementor-element.elementor-element-9fbcca1 .jeg-elementor-kit.jkit-button .jkit-button-wrapper:not(.hover-gradient):hover, .elementor-89747 .elementor-element.elementor-element-9fbcca1 .jeg-elementor-kit.jkit-button .jkit-button-wrapper.hover-gradient:before{background-color:var( --e-global-color-accent );}.elementor-89747 .elementor-element.elementor-element-9fbcca1 .jeg-elementor-kit.jkit-button .jkit-button-wrapper i{font-size:15px;}.elementor-89747 .elementor-element.elementor-element-9fbcca1 .jeg-elementor-kit.jkit-button.icon-position-before .jkit-button-wrapper i, .elementor-89747 .elementor-element.elementor-element-9fbcca1 .jeg-elementor-kit.jkit-button.icon-position-before .jkit-button-wrapper svg{margin-right:10px;}.elementor-89747 .elementor-element.elementor-element-9fbcca1 .jeg-elementor-kit.jkit-button.icon-position-after .jkit-button-wrapper i, .elementor-89747 .elementor-element.elementor-element-9fbcca1 .jeg-elementor-kit.jkit-button.icon-position-after .jkit-button-wrapper svg{margin-left:10px;}.elementor-89747 .elementor-element.elementor-element-9fbcca1 .jeg-elementor-kit.jkit-button .jkit-button-wrapper i, .elementor-89747 .elementor-element.elementor-element-9fbcca1 .jeg-elementor-kit.jkit-button .jkit-button-wrapper svg{-webkit-transform:translateY(-2px);-ms-transform:translateY(-2px);-o-transform:translateY(-2px);-moz-transform:translateY(-2px);transform:translateY(-2px);}.elementor-89747 .elementor-element.elementor-element-9fbcca1{margin:0px 0px calc(var(--kit-widget-spacing, 0px) + 12px) 0px;padding:0px 0px 0px 0px;}.elementor-89747 .elementor-element.elementor-element-9fbcca1.elementor-element{--align-self:center;--order:99999 \/* order end hack *\/;--flex-grow:0;--flex-shrink:1;}.elementor-89747 .elementor-element.elementor-element-9fbcca1:hover{--e-transform-scale:0.9;}.elementor-89747 .elementor-element.elementor-element-f0e42c2{--display:flex;}.elementor-89747 .elementor-element.elementor-element-63b0c86{--display:flex;}.elementor-89747 .elementor-element.elementor-element-dc6a5f2{--display:flex;}.elementor-89747 .elementor-element.elementor-element-84147f5{--display:flex;}.elementor-89747 .elementor-element.elementor-element-5ac2946{--display:flex;}.elementor-89747 .elementor-element.elementor-element-934268d{--display:flex;}.elementor-89747 .elementor-element.elementor-element-3bd5ddc{--display:flex;}.elementor-89747 .elementor-element.elementor-element-8ee6961{--display:flex;}@media(max-width:1024px){.elementor-89747 .elementor-element.elementor-element-9fbcca1 .jeg-elementor-kit.jkit-button .jkit-button-wrapper{font-size:16px;line-height:1.2em;color:var( --e-global-color-accent );}.elementor-89747 .elementor-element.elementor-element-9fbcca1 .jeg-elementor-kit.jkit-button .jkit-button-wrapper svg{fill:var( --e-global-color-accent );}.elementor-89747 .elementor-element.elementor-element-9fbcca1 .jeg-elementor-kit.jkit-button .jkit-button-wrapper:hover{color:var( --e-global-color-39536fb );}.elementor-89747 .elementor-element.elementor-element-9fbcca1 .jeg-elementor-kit.jkit-button .jkit-button-wrapper:hover svg{fill:var( --e-global-color-39536fb );}}@media(max-width:767px){.elementor-89747 .elementor-element.elementor-element-9fbcca1 .jeg-elementor-kit.jkit-button .jkit-button-wrapper{font-size:16px;line-height:1.2em;color:var( --e-global-color-accent );}.elementor-89747 .elementor-element.elementor-element-9fbcca1 .jeg-elementor-kit.jkit-button .jkit-button-wrapper svg{fill:var( --e-global-color-accent );}.elementor-89747 .elementor-element.elementor-element-9fbcca1 .jeg-elementor-kit.jkit-button .jkit-button-wrapper:hover{color:var( --e-global-color-39536fb );}.elementor-89747 .elementor-element.elementor-element-9fbcca1 .jeg-elementor-kit.jkit-button .jkit-button-wrapper:hover svg{fill:var( --e-global-color-39536fb );}}<\/style>\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"89747\" class=\"elementor elementor-89747\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d8d2330 e-flex e-con-boxed e-con e-parent\" data-id=\"d8d2330\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-aead843 elementor-widget elementor-widget-text-editor\" data-id=\"aead843\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Desde hace unos a\u00f1os estamos asistiendo al boom de los Search Fund en Europa (y especialmente en Espa\u00f1a) gracias a un din\u00e1mico c\u00edrculo virtuoso de un ecosistema con cada vez m\u00e1s Searchers, empresas objetivo, inversores y financiadores. Hoy, quiero analizar brevemente el papel de cada uno de ellos:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-63bf55f e-flex e-con-boxed e-con e-parent\" data-id=\"63bf55f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-021dcb5 elementor-widget elementor-widget-heading\" data-id=\"021dcb5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">El Searcher<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-053be92 e-flex e-con-boxed e-con e-parent\" data-id=\"053be92\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-015a05b elementor-widget elementor-widget-text-editor\" data-id=\"015a05b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Las Sociedades de B\u00fasqueda (Search Funds) son promovidas por profesionales con excelente formaci\u00f3n y experiencia profesional (Searcher). Habitualmente tienen entre 30 y 40 a\u00f1os, con gran potencial y mentalidad emprendedora. <strong>Buscan, compran, operan y venden<\/strong>\u00a0unos a\u00f1os despu\u00e9s una Pyme.<\/p><p>Se trata de j\u00f3venes que ya no quieren trabajar por cuenta ajena. Son conscientes de que\u00a0<strong>es m\u00e1s sencillo, y mucho menos peligroso, comprar una empresa que fundarla<\/strong>\u00a0y optan por el camino del Searcher.<\/p><p>El crecimiento en n\u00famero de Search Funds en Europa est\u00e1 siendo acelerado como muestra el gr\u00e1fico.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e3e1f70 e-flex e-con-boxed e-con e-parent\" data-id=\"e3e1f70\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cb75809 elementor-widget elementor-widget-image\" data-id=\"cb75809\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.onetoonecf.com\/wp-content\/uploads\/sites\/16\/2021\/12\/search-funds-image-2.png\" title=\"\" alt=\"\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Actividad de los Search Funds por a\u00f1o fuera de Estados Unidos y Canad\u00e1. Escuela de Negocios del IESE. Fondos de b\u00fasqueda internacionales -2020: Observaciones seleccionadas<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1e46826 e-flex e-con-boxed e-con e-parent\" data-id=\"1e46826\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e29cdd1 elementor-widget elementor-widget-text-editor\" data-id=\"e29cdd1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>En Espa\u00f1a entre el 2020 y el 2021 han surgido m\u00e1s de veinte nuevas Sociedades de B\u00fasqueda que han conseguido capital dejando inversores interesados fuera de su\u00a0<em>cap table<\/em>. Es decir,\u00a0<strong>hoy en d\u00eda hay m\u00e1s dinero para invertir en ellos que Searchers<\/strong>, \u00bfpor qu\u00e9?<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-dfd4b3d e-flex e-con-boxed e-con e-parent\" data-id=\"dfd4b3d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-871389b e-con-full e-flex e-con e-child\" data-id=\"871389b\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2c4e1f1 elementor-headline--style-rotate elementor-widget__width-initial elementor-widget elementor-widget-animated-headline\" data-id=\"2c4e1f1\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;headline_style&quot;:&quot;rotate&quot;,&quot;animation_type&quot;:&quot;slide&quot;,&quot;rotating_text&quot;:&quot;\\u00bfEres un searcher?\\n\\u00bfQuieres convertirte en CEO?\\nApoyamos search funds&quot;,&quot;rotate_iteration_delay&quot;:&quot;3300&quot;,&quot;loop&quot;:&quot;yes&quot;}\" data-widget_type=\"animated-headline.default\">\n\t\t\t\t\t\t\t<h5 class=\"elementor-headline elementor-headline-animation-type-slide\">\n\t\t\t\t<span class=\"elementor-headline-dynamic-wrapper elementor-headline-text-wrapper\">\n\t\t\t\t\t<span class=\"elementor-headline-dynamic-text elementor-headline-text-active\">\n\t\t\t\t\u00bfEres&nbsp;un&nbsp;searcher?\t\t\t<\/span>\n\t\t\t\t\t<span class=\"elementor-headline-dynamic-text\">\n\t\t\t\t\u00bfQuieres&nbsp;convertirte&nbsp;en&nbsp;CEO?\t\t\t<\/span>\n\t\t\t\t\t<span class=\"elementor-headline-dynamic-text\">\n\t\t\t\tApoyamos&nbsp;search&nbsp;funds\t\t\t<\/span>\n\t\t\t\t\t\t<\/span>\n\t\t\t\t<\/h5>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9fbcca1 e-transform elementor-widget elementor-widget-jkit_button\" data-id=\"9fbcca1\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_transform_scale_effect_hover&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;0.9&quot;,&quot;sizes&quot;:[]},&quot;_transform_scale_effect_hover_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_scale_effect_hover_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"jkit_button.default\">\n\t\t\t\t\t<div  class=\"jeg-elementor-kit jkit-button  icon-position-after jeg_module___69e5cfba2beac\" ><a href=\"https:\/\/www.onetoonefunds.com\/\" class=\"jkit-button-wrapper\">VISITA ONEtoONE ASSET MANAGEMENT <\/a><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f0e42c2 e-flex e-con-boxed e-con e-parent\" data-id=\"f0e42c2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bbaee79 elementor-widget elementor-widget-heading\" data-id=\"bbaee79\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Los Inversores<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-63b0c86 e-flex e-con-boxed e-con e-parent\" data-id=\"63b0c86\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ba793ac elementor-widget elementor-widget-text-editor\" data-id=\"ba793ac\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>El \u00e9xito del modelo de las Sociedades de B\u00fasqueda viene avalado por m\u00e1s de 35 a\u00f1os de experiencia, fundamentalmente en EE.UU y Canad\u00e1, as\u00ed como los excelentes rendimientos obtenidos por las m\u00e1s de 620 Sociedades de b\u00fasqueda creadas a nivel mundial.<\/p><p>Los 1.400 millones de d\u00f3lares de capital invertidos en Sociedades de B\u00fasqueda tradicionales y sus empresas adquiridas han generado en conjunto una tasa de rentabilidad interna para los inversores media del\u00a0<strong>32,6%\u00a0<\/strong>hasta finales de 2019, multiplicando para los inversores por\u00a0<strong>5,5 veces<\/strong>\u00a0el capital invertido, seg\u00fan un estudio realizado en 2020 por el Centro de Estudios Empresariales de Stanford:\u00a0<em>el Search Fund Study Selected Observations 2020\u00a0<\/em>de Stanford Business School que incluye los datos de EE.UU y Canad\u00e1.\u00a0<strong>\u00a0<\/strong><\/p><p>En el resto del mundo la TIR media anual de las Sociedades de B\u00fasqueda es del\u00a0<strong>28.7%<\/strong>\u00a0seg\u00fan el International\u00a0<em>Search Fund Study 2020<\/em>\u00a0del IESE \u2013 Universidad de Navarra.<\/p><p>Estas cifras convierten el Search Fund en una de las mejores opciones posibles de inversi\u00f3n en t\u00e9rminos de rentabilidad-riesgo.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-dc6a5f2 e-flex e-con-boxed e-con e-parent\" data-id=\"dc6a5f2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-026bdcd elementor-widget elementor-widget-image\" data-id=\"026bdcd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.onetoonecf.com\/wp-content\/uploads\/sites\/16\/2021\/12\/article-image-2-688x400.png\" title=\"\" alt=\"\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-84147f5 e-flex e-con-boxed e-con e-parent\" data-id=\"84147f5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-510ddbc elementor-widget elementor-widget-heading\" data-id=\"510ddbc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Los Financiadores<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5ac2946 e-flex e-con-boxed e-con e-parent\" data-id=\"5ac2946\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5cee15a elementor-widget elementor-widget-text-editor\" data-id=\"5cee15a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Hoy en d\u00eda, existe una comunidad financiera de bancos dispuestos a\u00a0<strong>financiar hasta el 50%<\/strong>\u00a0del importe de las adquisiciones.<\/p><p>Estas entidades financieras necesitan de buenos proyectos a los que financiar. Han conocido el modelo y sus buenos resultados a lo largo de los \u00faltimos a\u00f1os. Adem\u00e1s, han superado sus reticencias iniciales a financiar Pymes de tama\u00f1o peque\u00f1o, apoyados en el criterio de inversores expertos que invierten su propio patrimonio en esas empresas.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-934268d e-flex e-con-boxed e-con e-parent\" data-id=\"934268d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c4e976f elementor-widget elementor-widget-heading\" data-id=\"c4e976f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">La empresa objetivo<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3bd5ddc e-flex e-con-boxed e-con e-parent\" data-id=\"3bd5ddc\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a1aa4da elementor-widget elementor-widget-text-editor\" data-id=\"a1aa4da\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>La estructura empresarial de Espa\u00f1a est\u00e1 basada en Pymes familiares. Muchas de ellas con un tama\u00f1o peque\u00f1o para los fondos de inversi\u00f3n tradicionales, en sectores atomizados y con la posibilidad de promover estrategias de <em>build-up. <\/em>Esto supone el mercado ideal para los Search Funds.<\/p>\n<p>Muchas de estas empresas pertenecen a empresarios de la generaci\u00f3n del baby-boom. Ellos se encuentran en edad de retiro sin haber previsto la sucesi\u00f3n. Por eso, son un objetivo perfecto para el Searcher. Puede solucionar el problema del empresario y comprar a un m\u00faltiplo atractivo una empresa con potencial de crecimiento.<\/p>\n<p>Los Search Funds centran sus esfuerzos en identificar empresas sanas, con modelos de negocio comprensibles. Son empresas que tienen una posici\u00f3n de mercado defendible, sin elevada concentraci\u00f3n de clientes y con crecimiento.<\/p>\n<h3>Datos financieros de las empresas objetivo<\/h3>\n<p>Las empresas objetivo suelen tener m\u00e1s de cinco millones de euros de facturaci\u00f3n y un EBITDA superior a un mill\u00f3n de euros. Tienen m\u00e1rgenes operativos saludables, normalmente superiores al 15%, bajos requisitos de inversi\u00f3n en CAPEX, baja necesidad de fondo de maniobra y una generaci\u00f3n de flujo de caja s\u00f3lida.<\/p>\n<p>Hist\u00f3ricamente, la empresa media adquirida por las Sociedades de B\u00fasqueda ha tenido unas&nbsp;<strong>ventas de $8 millones<\/strong>, un Ebitda de $2,4 millones. Adem\u00e1s ha sido adquirida a un&nbsp;<strong>precio medio de 5,6 veces el EBITDA<\/strong>.<\/p>\n<p>En Espa\u00f1a hay&nbsp;<strong>m\u00e1s de 14.000 empresas con EBITDA entre 1 y 3 millones de euros.<\/strong>&nbsp;Pero, son demasiado peque\u00f1as para el capital riesgo. Hay&nbsp;<strong>m\u00e1s de 2000 propietarios en activo que han sobrepasado la edad de jubilaci\u00f3n<\/strong>. Hay mucho dinero que busca rentabilidad y bancos dispuestos a financiar el 50% de la compra.<\/p>\n<p>Y, junto a todo lo anterior, hay muchos j\u00f3venes MBAs entre 30 y 40 a\u00f1os. En lugar de ser parte de la maquinaria de la gran empresa, <strong>prefieren seguir el camino del Searcher. Quieren convertirse en empresarios, due\u00f1os de su propio destino<\/strong>&nbsp;y, probablemente, millonarios.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8ee6961 e-flex e-con-boxed e-con e-parent\" data-id=\"8ee6961\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-de23e94 elementor-widget elementor-widget-text-editor\" data-id=\"de23e94\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>En\u00a0<a href=\"https:\/\/www.onetoonecf.com\/es\/\">ONEtoONE<\/a> nos caracterizamos por el nivel de transparencia, confidencialidad y profesionalismo con el que manejamos operaciones. Uno de nuestros mejores aliados es la confianza que generamos a trav\u00e9s de nuestro trabajo. Por ello, te animamos a que contactes con nosotros en caso de que busques asesor\u00eda. Y recuerda, <strong>la confidencialidad es la clave del \u00e9xito<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Desde hace unos a\u00f1os estamos asistiendo al boom de los Search Fund en Europa (y especialmente en Espa\u00f1a) gracias a un din\u00e1mico c\u00edrculo virtuoso de un ecosistema con cada vez m\u00e1s Searchers, empresas objetivo, inversores y financiadores. Hoy, quiero analizar brevemente el papel de cada uno de ellos: El Searcher Las Sociedades de B\u00fasqueda (Search [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":89989,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_theme","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-89747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-process"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u00bfPor qu\u00e9 invertir en Search Funds?<\/title>\n<meta name=\"description\" content=\"En los \u00faltimos a\u00f1os ha habido un aumento de la popularidad de las Sociedades de b\u00fasqueda o Search Fund en Europa. \u00bfA qu\u00e9 se debe?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.onetoonecf.com\/es\/el-boom-de-los-search-funds-por-que\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u00bfPor qu\u00e9 invertir en Search Funds?\" \/>\n<meta property=\"og:description\" content=\"En los \u00faltimos a\u00f1os ha habido un aumento de la popularidad de las Sociedades de b\u00fasqueda o Search Fund en Europa. \u00bfA qu\u00e9 se debe?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.onetoonecf.com\/es\/el-boom-de-los-search-funds-por-que\/\" \/>\n<meta property=\"og:site_name\" content=\"ONEtoONE Corporate Finance\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-07T11:28:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-19T09:43:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.onetoonecf.com\/wp-content\/uploads\/sites\/16\/2021\/12\/nico-villanueva-V89ZSyrExxs-unsplash-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1441\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lauracatalan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"lauracatalan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.onetoonecf.com\\\/es\\\/el-boom-de-los-search-funds-por-que\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.onetoonecf.com\\\/es\\\/el-boom-de-los-search-funds-por-que\\\/\"},\"author\":{\"name\":\"lauracatalan\",\"@id\":\"https:\\\/\\\/www.onetoonecf.com\\\/es\\\/#\\\/schema\\\/person\\\/d9a76871c13ec2a7d5bf2e68e6a791d5\"},\"headline\":\"El boom de los Search Funds \u00bfPor qu\u00e9?\",\"datePublished\":\"2021-12-07T11:28:15+00:00\",\"dateModified\":\"2026-03-19T09:43:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.onetoonecf.com\\\/es\\\/el-boom-de-los-search-funds-por-que\\\/\"},\"wordCount\":910,\"image\":{\"@id\":\"https:\\\/\\\/www.onetoonecf.com\\\/es\\\/el-boom-de-los-search-funds-por-que\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.onetoonecf.com\\\/wp-content\\\/uploads\\\/sites\\\/16\\\/2021\\\/12\\\/nico-villanueva-V89ZSyrExxs-unsplash-scaled.jpg\",\"articleSection\":[\"Procesos de M&amp;A\"],\"inLanguage\":\"es\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.onetoonecf.com\\\/es\\\/el-boom-de-los-search-funds-por-que\\\/\",\"url\":\"https:\\\/\\\/www.onetoonecf.com\\\/es\\\/el-boom-de-los-search-funds-por-que\\\/\",\"name\":\"\u00bfPor qu\u00e9 invertir en Search Funds?\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.onetoonecf.com\\\/es\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.onetoonecf.com\\\/es\\\/el-boom-de-los-search-funds-por-que\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.onetoonecf.com\\\/es\\\/el-boom-de-los-search-funds-por-que\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.onetoonecf.com\\\/wp-content\\\/uploads\\\/sites\\\/16\\\/2021\\\/12\\\/nico-villanueva-V89ZSyrExxs-unsplash-scaled.jpg\",\"datePublished\":\"2021-12-07T11:28:15+00:00\",\"dateModified\":\"2026-03-19T09:43:48+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.onetoonecf.com\\\/es\\\/#\\\/schema\\\/person\\\/d9a76871c13ec2a7d5bf2e68e6a791d5\"},\"description\":\"En los \u00faltimos a\u00f1os ha habido un aumento de la popularidad de las Sociedades de b\u00fasqueda o Search Fund en Europa. \u00bfA qu\u00e9 se debe?\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.onetoonecf.com\\\/es\\\/el-boom-de-los-search-funds-por-que\\\/#breadcrumb\"},\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.onetoonecf.com\\\/es\\\/el-boom-de-los-search-funds-por-que\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\\\/\\\/www.onetoonecf.com\\\/es\\\/el-boom-de-los-search-funds-por-que\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.onetoonecf.com\\\/wp-content\\\/uploads\\\/sites\\\/16\\\/2021\\\/12\\\/nico-villanueva-V89ZSyrExxs-unsplash-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/www.onetoonecf.com\\\/wp-content\\\/uploads\\\/sites\\\/16\\\/2021\\\/12\\\/nico-villanueva-V89ZSyrExxs-unsplash-scaled.jpg\",\"width\":2560,\"height\":1441,\"caption\":\"El boom de los Search Funds \u00bfPor qu\u00e9?\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.onetoonecf.com\\\/es\\\/el-boom-de-los-search-funds-por-que\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.onetoonecf.com\\\/es\\\/new-home-2025\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"El boom de los Search Funds \u00bfPor qu\u00e9?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.onetoonecf.com\\\/es\\\/#website\",\"url\":\"https:\\\/\\\/www.onetoonecf.com\\\/es\\\/\",\"name\":\"ONEtoONE Corporate Finance\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.onetoonecf.com\\\/es\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"es\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.onetoonecf.com\\\/es\\\/#\\\/schema\\\/person\\\/d9a76871c13ec2a7d5bf2e68e6a791d5\",\"name\":\"lauracatalan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c6f5ebf33c4369be99a0649f6a301fabac071e72ea3646f45109a4b1dda1c3e5?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c6f5ebf33c4369be99a0649f6a301fabac071e72ea3646f45109a4b1dda1c3e5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c6f5ebf33c4369be99a0649f6a301fabac071e72ea3646f45109a4b1dda1c3e5?s=96&d=mm&r=g\",\"caption\":\"lauracatalan\"},\"url\":\"https:\\\/\\\/www.onetoonecf.com\\\/es\\\/author\\\/lauracatalan\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\u00bfPor qu\u00e9 invertir en Search Funds?","description":"En los \u00faltimos a\u00f1os ha habido un aumento de la popularidad de las Sociedades de b\u00fasqueda o Search Fund en Europa. \u00bfA qu\u00e9 se debe?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.onetoonecf.com\/es\/el-boom-de-los-search-funds-por-que\/","og_locale":"es_ES","og_type":"article","og_title":"\u00bfPor qu\u00e9 invertir en Search Funds?","og_description":"En los \u00faltimos a\u00f1os ha habido un aumento de la popularidad de las Sociedades de b\u00fasqueda o Search Fund en Europa. \u00bfA qu\u00e9 se debe?","og_url":"https:\/\/www.onetoonecf.com\/es\/el-boom-de-los-search-funds-por-que\/","og_site_name":"ONEtoONE Corporate Finance","article_published_time":"2021-12-07T11:28:15+00:00","article_modified_time":"2026-03-19T09:43:48+00:00","og_image":[{"width":2560,"height":1441,"url":"https:\/\/www.onetoonecf.com\/wp-content\/uploads\/sites\/16\/2021\/12\/nico-villanueva-V89ZSyrExxs-unsplash-scaled.jpg","type":"image\/jpeg"}],"author":"lauracatalan","twitter_card":"summary_large_image","twitter_misc":{"Escrito por":"lauracatalan","Tiempo de lectura":"4 minutos"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.onetoonecf.com\/es\/el-boom-de-los-search-funds-por-que\/#article","isPartOf":{"@id":"https:\/\/www.onetoonecf.com\/es\/el-boom-de-los-search-funds-por-que\/"},"author":{"name":"lauracatalan","@id":"https:\/\/www.onetoonecf.com\/es\/#\/schema\/person\/d9a76871c13ec2a7d5bf2e68e6a791d5"},"headline":"El boom de los Search Funds \u00bfPor qu\u00e9?","datePublished":"2021-12-07T11:28:15+00:00","dateModified":"2026-03-19T09:43:48+00:00","mainEntityOfPage":{"@id":"https:\/\/www.onetoonecf.com\/es\/el-boom-de-los-search-funds-por-que\/"},"wordCount":910,"image":{"@id":"https:\/\/www.onetoonecf.com\/es\/el-boom-de-los-search-funds-por-que\/#primaryimage"},"thumbnailUrl":"https:\/\/www.onetoonecf.com\/wp-content\/uploads\/sites\/16\/2021\/12\/nico-villanueva-V89ZSyrExxs-unsplash-scaled.jpg","articleSection":["Procesos de M&amp;A"],"inLanguage":"es"},{"@type":"WebPage","@id":"https:\/\/www.onetoonecf.com\/es\/el-boom-de-los-search-funds-por-que\/","url":"https:\/\/www.onetoonecf.com\/es\/el-boom-de-los-search-funds-por-que\/","name":"\u00bfPor qu\u00e9 invertir en Search Funds?","isPartOf":{"@id":"https:\/\/www.onetoonecf.com\/es\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.onetoonecf.com\/es\/el-boom-de-los-search-funds-por-que\/#primaryimage"},"image":{"@id":"https:\/\/www.onetoonecf.com\/es\/el-boom-de-los-search-funds-por-que\/#primaryimage"},"thumbnailUrl":"https:\/\/www.onetoonecf.com\/wp-content\/uploads\/sites\/16\/2021\/12\/nico-villanueva-V89ZSyrExxs-unsplash-scaled.jpg","datePublished":"2021-12-07T11:28:15+00:00","dateModified":"2026-03-19T09:43:48+00:00","author":{"@id":"https:\/\/www.onetoonecf.com\/es\/#\/schema\/person\/d9a76871c13ec2a7d5bf2e68e6a791d5"},"description":"En los \u00faltimos a\u00f1os ha habido un aumento de la popularidad de las Sociedades de b\u00fasqueda o Search Fund en Europa. \u00bfA qu\u00e9 se debe?","breadcrumb":{"@id":"https:\/\/www.onetoonecf.com\/es\/el-boom-de-los-search-funds-por-que\/#breadcrumb"},"inLanguage":"es","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.onetoonecf.com\/es\/el-boom-de-los-search-funds-por-que\/"]}]},{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/www.onetoonecf.com\/es\/el-boom-de-los-search-funds-por-que\/#primaryimage","url":"https:\/\/www.onetoonecf.com\/wp-content\/uploads\/sites\/16\/2021\/12\/nico-villanueva-V89ZSyrExxs-unsplash-scaled.jpg","contentUrl":"https:\/\/www.onetoonecf.com\/wp-content\/uploads\/sites\/16\/2021\/12\/nico-villanueva-V89ZSyrExxs-unsplash-scaled.jpg","width":2560,"height":1441,"caption":"El boom de los Search Funds \u00bfPor qu\u00e9?"},{"@type":"BreadcrumbList","@id":"https:\/\/www.onetoonecf.com\/es\/el-boom-de-los-search-funds-por-que\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.onetoonecf.com\/es\/new-home-2025\/"},{"@type":"ListItem","position":2,"name":"El boom de los Search Funds \u00bfPor qu\u00e9?"}]},{"@type":"WebSite","@id":"https:\/\/www.onetoonecf.com\/es\/#website","url":"https:\/\/www.onetoonecf.com\/es\/","name":"ONEtoONE Corporate Finance","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.onetoonecf.com\/es\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"es"},{"@type":"Person","@id":"https:\/\/www.onetoonecf.com\/es\/#\/schema\/person\/d9a76871c13ec2a7d5bf2e68e6a791d5","name":"lauracatalan","image":{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/secure.gravatar.com\/avatar\/c6f5ebf33c4369be99a0649f6a301fabac071e72ea3646f45109a4b1dda1c3e5?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c6f5ebf33c4369be99a0649f6a301fabac071e72ea3646f45109a4b1dda1c3e5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c6f5ebf33c4369be99a0649f6a301fabac071e72ea3646f45109a4b1dda1c3e5?s=96&d=mm&r=g","caption":"lauracatalan"},"url":"https:\/\/www.onetoonecf.com\/es\/author\/lauracatalan\/"}]}},"_links":{"self":[{"href":"https:\/\/www.onetoonecf.com\/es\/wp-json\/wp\/v2\/posts\/89747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.onetoonecf.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.onetoonecf.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.onetoonecf.com\/es\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.onetoonecf.com\/es\/wp-json\/wp\/v2\/comments?post=89747"}],"version-history":[{"count":46,"href":"https:\/\/www.onetoonecf.com\/es\/wp-json\/wp\/v2\/posts\/89747\/revisions"}],"predecessor-version":[{"id":137063,"href":"https:\/\/www.onetoonecf.com\/es\/wp-json\/wp\/v2\/posts\/89747\/revisions\/137063"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.onetoonecf.com\/es\/wp-json\/wp\/v2\/media\/89989"}],"wp:attachment":[{"href":"https:\/\/www.onetoonecf.com\/es\/wp-json\/wp\/v2\/media?parent=89747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.onetoonecf.com\/es\/wp-json\/wp\/v2\/categories?post=89747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.onetoonecf.com\/es\/wp-json\/wp\/v2\/tags?post=89747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}