Kieron Chalder and Gonzalo Carmona, CEOs of Emotion Mobility, joined the Istria family in 2019. Istria played a lead investor role in their search, helping them negotiate the acquisition of CarPro amidst the challenging environment of the COVID-19 pandemic. After Kieron and Gonzalo acquired the business in 2020, as a board observer, Simon Bores mentored the CEOs and helped them scale the business and negotiate the acquisition of strategic add-on Jimpisoft, creating a leading software business that is redefining the car mobility space. In 2025, Emotion Mobility secured strategic growth investment from PSG Equity, a growth equity firm. We are proud to celebrate this important milestone with Kieron and Gonzalo and the entire Emotion Mobility team!

First-cousins Lorenzo Dávila and Miguel Arias always had the dream of running a business together. After a successful career in private equity and consulting, in 2017 they launched their search and ended up acquiring Logiscenter, a leading value-added reseller of barcode and RFID products. In addition to Istria being a lead investor at the acquisition, Ignacio Olavarría joined the board and was actively involved in helping successfully grow the business. In 2025, Logiscenter became part of Levata, a global leader in Enterprise IT infrastructure technologies. We are proud to be part of the story!

Adam Johnson raised his search fund in the UK in 2019, right before the pandemic, with the intention of acquiring an already fantastic business, leveraging its strengths, and evolving it to exceed customer expectations. In 2022, Adam acquired Water Direct, an alternative and emergency water services company. A year later, he also acquired Liquiline, creating the UK’s leading provider of alternative water supply solutions for utilities, businesses and the public sector. Istria played a lead investor role in the acquisition and Simon Bores sat on the board, working with Adam and the rest of the team and helping them take the business to the next level. In 2025, Eurazeo, through Eurazeo Transition Infrastructure Fund, acquired a majority stake in Water Direct. We are confident that the new partnership will help steward Water Direct into a new chapter focused entirely on customers’ needs. Importantly, a renewed focus on sustainability will be integral Water Direct’s next chapter. We are deeply grateful to Adam and are proud to continue helping him unlock this opportunity.

Long time university friends Andrzej Basiukiewicz and Wojciech Korpal were the search fund pioneers in Poland. In 2020, they acquired MotionVFX, a leading creator of plugins and templates that had been setting trends and pushing the boundaries of motion design for Apple’s Final Cut Pro software for more than ten years. Together with the company founder, they were building a market leader in the production of plugins & templates across different platforms. At Istria we were very excited to be part of that journey! In March 2026, MotionVFX joined the Apple team to continue to empower creators and editors to do their best work.