Timetable

The average time from indicative offer to investment depends upon the quality and completeness of information in the business plan and the results of our due diligence. With a well prepared plan and straight-forward due diligence, we would typically expect to complete the transaction within 4 weeks of our formal offer.

Initial Contact (Weeks 0-1)

Initial contact may be made by effecting an introduction via your business adviser or by telephoning us directly.

Assessment (Weeks 1-3)

If your application meets our criteria we will review your business plan and, if appropriate, arrange a meeting with you and/or your business adviser. We will then undertake initial due diligence.

Negotiating an investment (Weeks 3-5)

If we wish to proceed we will provide you with an indicative offer letter which will give details of the terms of a possible investment. If you agree with this we will seek approval for an investment from our investment committee. You will be required to make a presentation to our investment committee and answer any questions asked.

Formal Offer Letter (Weeks 5-6)

If the investment is approved we will make you a formal offer subject to contract and ask you to complete a due diligence questionnaire. The formal offer will detail various terms and conditions that need to be satisfied prior to completion.

Legal process (Weeks 6-10)

If you accept our offer we will prepare legal documentation including the Shareholders Agreement, amendments to the Articles of Association and directors service agreements.

Due diligence (Weeks 6-10)

Simultaneously with the preparation of the legal documents, we will undertake further due diligence including the taking of references, carrying out an accounting investigation and market reports if appropriate.

Completion (Week 10)

Legal completion with funds invested.

No investment is the same and in some cases may take longer or shorter to complete than indicated. We will keep you informed as to where you are in our process. If at any stage we decide not to proceed then we will let you know as soon as is practicable.