IFTF Conference - Jan 25, 2011 - Private Equity Model

Invest for the Future Conference Istanbul, January 2 5, 20 11 Sep in Sinanlıoğlu İnceer Director PRIVATE EQUITY MODEL

AGENDA ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Capital structure Equity Typical instruments to finance your business can be grouped under three categories Mezzanine Senior Credit Typical examples More Senior More Junior Lower risk/return Higher risk/return Details ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

“ Private Equity” is generally used to refer to firms that acquire businesses which are relatively mature and already generating cash flow Private Equity (LBOs, MBOs, expansion capital deals, etc.) Business idea What they do ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Definition ,[object Object],Focus of discussion Venture capital (VC) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Building value with P rivate E quity ,[object Object],[object Object],[object Object],[object Object],[object Object],Private equity firms raise money from institutional investors and try to find fast growing companies to invest in Comments Process Step ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Detailed o n the next page ,[object Object]

Private equity is not just about doing deals. It is about creating and realizing value through portfolio management. Portfolio Management DEAL EXIT 1 st Year 5 th Year Governance Value Creation Realization ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

There are several topics founders should expect to encounter in a private equity financing Special Board Approvals Exit Incentives Management Other Transfer and Issue of Shares Due Diligence Governance Representa-tions and Warranties PRIVATE EQUITY FINANCING Conditions to be fulfilled bef. Funding

Exit Incentives Definition ,[object Object],Drag Along ,[object Object],Tag Along IPO Preference ,[object Object]

Transfer and Issue of Shares Definition ,[object Object],Right to subscribe for new shares ,[object Object],Right of First Offer Lock-up ,[object Object]

Governance Flip-over of Board control Material Underperform . ,[object Object],[object Object],[object Object],Definition

Special Board Approvals Definition ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Conditions to be fulfilled before Funding Definition ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Representations and Warranties Definition ,[object Object],[object Object],[object Object],[object Object],[object Object]

Due Diligence Definition ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Other Inspection Rights Related Party Transactions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Definition

Management Definition ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

IFTF Conference - Jan 25, 2011 - Private Equity Model

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Semelhante a IFTF Conference - Jan 25, 2011 - Private Equity Model

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IFTF Conference - Jan 25, 2011 - Private Equity Model

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