Exploratory Meetings
Essentially to get to know the management team, and for clarifying issues in relation to the business.
Due Diligence
On the background of the promoters, management team and shareholders where appropriate. We thoroughly assess the competitive landscape and product/service offering, and appraise the overall business for suitability as an equity investment.
Agree Terms
The terms of our proposed offer will outline the valuation, the amount to be invested and the structure of investment. Other issues typically covered in a term sheet will include shareholder rights, board composition; provision of management information; future funding; and potential exit mechanisms.
Approvals
We appraise and document the results of our due diligence, prepare internal investment proposal papers and seek approval from our board.
Completion Due Diligence
We finalise the financial, taxation and technical due diligence of the business prior to actual investment.
Legal Documentation and Investment
With a firm of lawyers, we draw up new or amended Articles; a shareholders' agreement; warranties and representations; service contracts; and the various minutes and board resolutions which are normally required for the completion meeting.