Fundamentals of Private Equity and Venture Capital - PEI Media
Fundamentals of Private Equity and Venture Capital - PEI Media
Fundamentals of Private Equity and Venture Capital - PEI Media
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Contents<br />
About the author<br />
iv<br />
Getting the most out <strong>of</strong> this module 5<br />
Introduction 5<br />
Identifying the opportunities – venture fund strategy 7<br />
A dose <strong>of</strong> reality 9<br />
Making investments 9<br />
Generating dealflow 9<br />
Early appraisal 9<br />
Structuring investments 11<br />
The principles <strong>of</strong> investment structuring 12<br />
Assumptions <strong>and</strong> targets 12<br />
Preference 13<br />
Preferred shares in practice 13<br />
Xytrak proposed terms 15<br />
The term sheet 15<br />
Preconditions to investment 16<br />
Representations <strong>and</strong> warranties 16<br />
Board structure <strong>and</strong> membership 16<br />
Provision <strong>of</strong> information 16<br />
Consent matters 17<br />
Share rights 17<br />
Service agreements 17<br />
Confidentiality 17<br />
Payment <strong>of</strong> costs 18<br />
Exclusivity agreement 18<br />
Summary 18<br />
COPYING WITHOUT PERMISSION IS UNLAWFUL<br />
THE FUNDAMENTALS OF PRIVATE EQUITY iii