Seeking Investment?

TRICAPITAL investee presentation

Company presentation to TRICAPITAL members

At TRICAPITAL, we pride ourselves on a straightforward, open process for companies seeking investment. Your first point of contact is Douglas Needham, who oversees the new investment group. Contact Douglas to establish whether your proposal looks like a good fit for our investment criteria.

First steps

If you decide to take things further, you’ll first submit an executive summary. The new investment group will review this against TRICAPITAL’s criteria, and either reject the application, or progress it and request a full business plan.

If the investment group thinks your application is of interest to TRICAPITAL members, your business plan will be circulated to members as an investment opportunity. You’ll then submit relevant paperwork, and present to members at one of TRICAPITAL’s monthly meetings.

Note that it’s not TRICAPITAL who makes investments, but individual members. So your presentation is a chance for members to meet you, ask questions, and assess your proposal.

Then, members will discuss your proposal and either progress it to the next stage, request more information, or turn it down.

Successful applicants

For successful applicants, there’s a period of negotiation and evaluation to ensure that both parties fully understand the investment proposal and its implications. To represent potential investors’ interests, TRICAPITAL members are appointed to conduct further meetings and site visits.

Once an investment is agreed in principle, TRICAPITAL will carry out commercial and legal due diligence. If the outcome is successful , the investment will proceed with members who wish to be involved.

Costs

If the investment goes ahead, your company is charged for costs for due diligence carried out by TRICAPITAL on behalf of its members. Your company will also be charged fees for services provided by TRICAPITAL members. It’s usual for at least one member of the investment group to join the company board.

Notes

  1. Investments in portfolio companies are made by individual TRICAPITAL members, not TRICAPITAL as an organisation.
  2. TRICAPITAL manages the due diligence of potential investments as part of its administration service for members (and, if applicable, for the Scottish Enterprise Co-Investment Fund/Scottish Investment Bank). These costs are charged to the company if the investment goes ahead.
  3. TRICAPITAL normally charges the investee company a research fee and monitoring fee as part of the administration service it provides for members in respect of their investments.
  4. TRICAPITAL charges the investing members a percentage of their investment as an administration charge.
  5. Where applicable, TRICAPITAL “manages” the drawdown of Co-Investment Fund monies by Scottish Enterprise as part of its “matched funding” facility.
  6. Where possible, a TRICAPITAL Member is appointed to the company’s board, to represent the individual members’ investments.
  7. Whenever appropriate, EIS approval will be available for the individual’s investments.

To find out more, contact Douglas Needham.