Cross Border Funding 2015: FROM SOLOMON CAPITAL EVENT
31
SOLOMONCAPITAL AUG 2014 ”WE PROVIDE ONLY BEST innovative solutions for Fundraising, Debt Financing, Restructuring and M&A.” David Solomon, Group CEO April 2015 Cross Border Investment Banking
-
Upload
david-solomon -
Category
Business
-
view
13 -
download
0
Transcript of Cross Border Funding 2015: FROM SOLOMON CAPITAL EVENT
SOLOMONCAPITAL
AUG 2014
”WE PROVIDE ONLY BEST innovative solutions for Fundraising, Debt Financing, Restructuring and M&A.” David Solomon, Group CEO
April 2015
Cross Border Investment Banking
> About Solomon Capital
> Cross Border Fundraising
> Our Approach
Contents
2
SOLOMONCAPITAL
April 2015
3
Our Services at a Glance
Investment Banking
Early Stage Financing $2-5mPre IPO $4-8m
Public Offering mainly in London $10-50m
Consulting
Firm Valuation [for Private and Public companies]Analyst reports for Public companies
Business & Strategic Planning Financial and Business Restructuring LBO Services London [$20-100m]
Distressed Companies buy-out
LBO & Restructuring
SOLOMONCAPITAL
Co Brokering
Co-Brokering services for Israeli based companies listed or going public on the
London stock exchange [AIM and Main List]Up TO 25% of IPO
Re-structuring
Financial and Business Restructuring LBO Services London [$20-100m]
Distressed Companies buy-out
AUG 2014April 2015
4April 2015
4StartUPSהזנק לחברות עיסקי ויעוץ START UPS - Only The BEST Innovative Solutions ליווי
עיסקי תכנון תהליכי הון גיוסי עיסקי פיתוח החברות להנהלת שוטף וליוויה יעוץ
A part of Solomon Capital Group
SOLOMONCAPITAL
5
DS Experience at-a-Glance
Note : Clients and or David Solomon Experience at-a-Glance
April 2015
6
SOLOMONCAPITALFirm Valuation & Analyst Reports - Coverage
Note : Firm valuations and independent analysts coverage reports distribute to the public and or to our clients
April 2015
7
SOLOMONCAPITALLondon : Business Contact at a Glance
April 2015
Experience at a Glance
David Solomon Books : [Sold out]
8
SOLOMONCAPITAL
April 2015
From The Press…
9
SOLOMONCAPITAL
April 2015
OUR Analyst Report –Sample
10
SOLOMONCAPITAL
April 2015
From The global Press…
11
SOLOMONCAPITAL
April 2015
12
SOLOMONCAPITAL
April 2015
> About Solomon Capital
> Cross Border Fundraising
> Our Approach
13
SOLOMONCAPITAL
April 2015
Main Funding resources
Private Equity
Public Equity
Debt Financing
SeedEarly Stage
Pre IPOPrivate Equity
funds
TASENASDAQ
London MAINLondon AIM
US OTC
BANKSDebt financing
Restructuring/MBO/M&A
Public BondsLarge/Mid Cap
Funding Resources
IPO Solution -LONDON SOLOMONCAPITAL
IPO Solution -LONDONfor Small-Mid Companies
Transaction size: $10m -$50m Technology, Growth, Pre Market Cap $50m -$200m
• Sales: > $5, Next Year> $8m• 4 Quarter sales• EBITDA>1, Next Year>$2-4• Strong Management Team [CFO]• Strong Story
IPO Criteria• PE• EV/EBITDA• DCF [Not Likely]• Sector Benchmarks
Valuation
Pre IPO Solution SOLOMONCAPITAL
Pre IPO Solution for Small-Early stage Companies
Transaction size: $2-10m: Technology, Growth
• Sales: > $1 Next Year> $5m• 2 Quarter sales• EBITDA Next Year>$2• Strong Management Team [CFO]• Strong Story• 18 Month to IPO
Pre IPO Criteria• Discounted Future EV/EBITDA• DCF [Not Likely]• Sector Benchmarks
Valuation
Early Stage Solution SOLOMONCAPITAL
Early Stage Solution for Small-Early stage Companies
Transaction size: $2-4m: Technology, Growth
• Full Operating Solutions• Market Penetration
• Sectors : Medical/Internet Media/Cyber/Mobile• Strong Story• Up to 12 Month to Market
Pre IPO Criteria• Discounted Future EV/EBITDA• Sector Benchmarks
Valuation
DEBT financing-LONDON SOLOMONCAPITAL
DEBT financing-LONDONfor –Restructuring - MBO - Acquisition
Transaction size: $25-200m
• Sales: > $25m• EBITDA >$4• Strong Management Team• Solid Free Cash Flow
Criteria• EBITDA/Pay back• Free Cash Flow/ Pay back• Post transaction Debt/Equity• Financial Liability/ EBITDA
Ratios
18
LONDOM MARKETS – THE AIM SOLOMONCAPITAL
April 2015
The Right Solution For the Right Non UK Company!
95 IPO’s , 23NON UK, 6 ISRAELIS
2014
19
SOLOMONCAPITAL
April 2015
Israelis on AIM
20
Israelis on AIM SOLOMONCAPITAL
April 2015
21
SOLOMONCAPITAL
April 2015
> About Solomon Capital
> Cross Border Fundraising
> Our Approach
22
The Success Factors SOLOMONCAPITAL
April 2015
TEAM
STORY
STRATEGY
ACCESS
The Success Factors
ATTITUDE
23
The Investor Perspective SOLOMONCAPITAL
April 2015
The Investor Perspective
Remember !!
It is all About Risk Management
The Company is focusing on the
OPPORTUNITY the Investor on the RISK
24
Main Causes for Unsuccessful Fundraising SOLOMONCAPITAL
April 2015
Main Causes for Unsuccessful Fundraising• STRATEGY - Lack of Clear strategy or wrong strategy [wrong source, wrong timing,
wrong valuation]
• PREPARATION - Poor Preparation
• COMMUNICATION - Poor Company/Investor Communication,..Losing Credibility
• BAD LUCK…
If you fail to plan you plan to fail
25
The Processs
SOLOMONCAPITAL
April 2015
The Process
Pre • Reality check - Evaluation, Reality check and putting together the right
STORY• Strategy - Building up the best Strategy• Preparation - Be ready… Plan and Preparation
On Air• Communication• Pitch - [road show]• Negotiation
26
Our fundraising Process SOLOMONCAPITAL
April 2015
1 2 3 4
EVALUATIONStatus, Vision, Market
FUNDRAISING STRATEGYValuation, Source, Size …
FUNDRAISING PLANBusiness Plan, Pitch Presentation
Targeting
COMMUNICATIONIntroductions, Materials..
5
MINI ROAD SHOWFace to face meetings
6
TERM SHEET
7
DEAL CLOSING
STAGE I : PREPARATION [1 MONTH] STAGE II : FUNDING [3-6 MONTH]
27
Build Credibility SOLOMONCAPITAL
April 2015
Build Credibility
• Personal Credibility• Advisers / industry experts• Strategic partners• Investors/board members• Clear Plan &Business Models
28
Valuation SOLOMONCAPITAL
April 2015
The Valuation Model for AIM FLOTATION'S
Company : xyz : AIM Sector : Software & Computer Services$m 2014 2015 Post 2016Revenues 5 7 19EBITDA 0.7 1.4 4% of 50% 50%EBITDA FOR VALUATION 2.7
POST MONEY VALUATION Min MaxEV/EBITDA 8.0 10.0EBITDA FOR VALUATION 2.7 2.7POST IPO ENTERPRISE VALUE 21.6 27.0Net Liabilities Pre IPO 2.0 2.0New Money from IPO 10.0 10.0Net IPO Expenses 1.0 1.0Net Liabilities post IPO -7.0 -7.0Post IPO Equity Value 28.6 34.0Pre IPO Equity Value 18.6 24.0
29
Our Fundraising Process
1 2 3 4
EVALUATIONStatus, Vision, Market
FUNDRAISING STRATEGYValuation, Source, Size …
FUNDRAISING PLANBusiness Plan, Pitch Presentation
Targeting
COMMUNICATIONIntroductions, Materials..
5
MINI ROAD SHOWFace to face meetings
6
TERM SHEET
7
DEAL CLOSING
STAGE I : PREPARATION [1 MONTH] STAGE II : FUNDING [3-4 MONTH]
SOLOMONCAPITAL
April 2015
30
Our Restructuring [Turn-Around] Process
1 2 3 4
CHECK UPBasic Analysis & DD
EVALUATIONFull DD, Valuation
RESTRUCTURING PLANStrategy, Business Plan
Restructuring Plan
REALITY CHECKBuilding up key- players support
[Owners, Management, Banks, Employees]
5
FINANCIAL RESTRUCTURINGDebt , Equity, Cash flow
6
BUSINESS & OPERATIONALRESTRUCTURING
[Markets, Products, Cost reduction]
7
END GAMEVALUE GENERATION
STAGE II: EXECUTION [3-6 MONTH]STAGE I: PLANNING [1 MONTH]
SOLOMONCAPITAL
9/2014
SOLOMON CAPITALRaanana Israelwww.solomon-capital.com972-508-695450david@solomon-capital.com
Strictly private and confidential31
SOLOMONCAPITAL April 2015
