Zion Search Capital
The firm

M&A boutique built by founders. Engineered for founders.

A specialized M&A boutique focused exclusively on the mid-market segment, covering transactions with enterprise values between USD 20 million and USD 120 million.

Zion Search Capital combines deep knowledge of the Latin American market with global execution capabilities, allowing regional companies to access international top-tier buyers and investors.

Unlike traditional advisors, Zion was built by founders with real experience in creating, scaling and selling companies. This track record brings a practical, results-oriented view aligned with the entrepreneur's interests. The operators-turned-advisors approach allows us to understand the real challenges founders face in liquidity and strategic growth processes.

  • Focus

    USD 20–120M

    Mid-market sell-side & buy-side mandates

  • Base

    Santiago · Miami

    Chile and the United States

  • Reach

    Global capital

    Asia · Europe · United States

SantiagoMiamiLondon
Founders
Andrés Awnetwant U. — Managing Partner & Co-Founder

Managing Partner & Co-Founder

Andrés Awnetwant U.

20+ years across corporate leadership, technology, AI and M&A. Track record at Oracle, Deloitte, fintech and company building, with hands-on experience driving value and executing exits — including two founder-led exits in AI-Tech and Healthcare to large PE funds and major consulting firms. Endeavor member and Harvard Private Equity & Venture Capital network member — providing direct access to founders, investors and senior decision-makers.

David Ancelovici — Chief Legal Officer & Co-Founder

Chief Legal Officer & Co-Founder

David Ancelovici

10+ years structuring cross-border M&A, tax and capital markets transactions across LATAM. Founding Partner of Ancelovici & Trucco Asociados, advising family offices, foreign sponsors and growth-stage companies on complex transactions. Former EY Transaction Consulting, with hands-on experience across buy-side, sell-side, tax due diligence and post-deal structuring. LL.M. in International Tax Law (Leiden) — the structural and fiscal architect behind cross-border deals that close cleanly and optimize outcomes.

Our mission

Latin America needs more liquidity events.

Wealth created by founders, recycled into the region.

Mid-market companies — founder-built and family-owned — represent the deepest, most underserved pool of value creation in the region. Every successful exit recycles capital into new ventures, new investments, and new opportunities. That is the engine LATAM needs to scale.

Our role: engineer the exits that fuel that engine.

Why Zion

Built specifically for the mid-market.

Designed for the messy middle. Engineered for outcomes.

01

Founder Mindset

Operators turned advisors — we have built and sold companies.

02

Global Reach / LATAM Execution

Active network across PE, family offices, and strategic buyers.

03

AI Advantage

Native AI-driven execution accelerates research and analysis.

04

Sector Specialization

Focused depth in Tech, Fintech, Healthcare, eCommerce, Supply Chain.