TRICAPITAL follows a process that is designed to be straightforward and open. Once we’ve had an initial discussion and assessment against our investment criteria, you may want to submit your business proposal for consideration.
Below is a general overview of the process. If you’re interested in finding out more, contact Douglas Needham, who oversees the New Investment Group.
Initially, you will be asked to submit an Executive Summary. Initial consideration will be given to this by the Investment Team, and they will either reject the application, if it does not meet TRICAPITAL’s criteria, or will ask you to provide a full business plan. If the Investment Team considers the application is suitable and is likely to be of interest to TRICAPITAL members, then your Business Plan will be circulated to members as an investment opportunity, in the form of relevant paperwork and a presentation at one of TRICAPITAL’s monthly meetings.
It must be remembered that it is our members, not TRICAPITAL itself, who make the investments. Presentations are made to members with a view to establishing the level of interest from these individuals. The result will be (a) positive consideration of investment (b) a request for further evaluation or (c) the proposal is turned down.
For successful applicants, there will be a period of negotiation and evaluation, to ensure that both parties fully understand the investment proposal and its implication. This will involve further meetings and site visits by the TRICAPITAL members appointed to represent the potential investors’ interests. Once an investment is agreed in principle, commercial and legal due diligence is conducted. Subject to successful outcome of this process, the investment will then proceed with those members who wish to be involved.
It should be noted that if the investment goes ahead, costs are charged to the company invested in for due diligence carried out by TRICAPITAL on behalf of members. There are also fees charged to the company for service provided by TRICAPITAL members. It is normal that at least one member of the investment team joins the board of the company.
To find out more, contact Douglas Needham.