TRICAPITAL has set up a dedicated Exit Group, initially made up of board members. Chair Jamie Andrew explains what’s involved:
“The board has formed an Exit Group within TRICAPITAL to focus on ways that TRICAPITAL can impact and add value in a number of exit areas. These are:
Firstly, we need to be confident that each our invested companies are building acquirer value, and if not, why not.
Secondly, we want to identify key trigger points at which shareholder value could be realised within a particular company, and then discuss these with the company i.e. at Series A funding rounds, when new large-scale investors come on board, etc.
Thirdly, we also need to find a way to hold companies to account when they fail to deliver shareholder value in the promised timescales. For example, should we, along with any co-invested partners, encourage change within the management team, or should we consider an early sale?
Fourthly, by identifying what actions shareholders can take, or should take, when failing companies come back for further funding. This could mean revisions to executive salaries, options schemes, etc.”
If any members would like to discuss this further, please contact Jamie Andrew.
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