Getting financing is a matter of trust. Our mission is to understand the value you create and translate that into a once-in-a-lifetime investment opportunity for others. “I’ll do whatever it takes to win games, whether it’s sitting on a bench waving a towel, handing a cup of water to a teammate, or hitting the game-winning shot.” Securing New
Capital A Playbook to Securing New Capital
The Basics
Kobe BryantProcess objectives
Key success factors in creating an attractive opportunity
Key success factors for getting investors “to the finish line”
Loss of control versus New Investor Rights
Governance rights
Board seats / Information rights
Veto rights
Management commitment to stay
Path to control for new investor?
Call option
First right of refusal
Performance-based earn-outs/ratchets
Exit rights
Liquidation preference
IPO right
Put option
Tag and drag rights
Minimum valuation criteria
Valuation Drivers
Significant premium for (path to) control
Governance and exit rights
(Perceived) competition in process
Operational out-performance during the process
Due diligence findings
Macro-economic and M&A environment
Quality of motivation of management
Availability of debt leverage
Funding currency and hedging cost
Negotiation skills (shareholders, SASTRERIA and lawyers)