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Unformatted text preview: ors, including board representatives for the Partnership appropriate for its
equity stake, and positions for independent directors;
A significant equity position, with significant shareholder rights and protections; and
Mechanisms for protecting and/or enhancing the Partnership’s investment, including the possibility of
preferred shares, convertible debt, options, warrants, and other deal terms. Create Value
After the acquisition is concluded, the General Partner will endeavor to work with the management team of the
company in which a Portfolio Investment has been made in some or all of the following processes:
• Business planning and strategy;
Financial planning, including analysis of the company’s cash flows, budgeting, balance sheet and
Personnel, human resources and compensation;
Sales, marketing and distribution;
Operations (i.e. efficiency of operations, inventory management review, etc.); and
Board of directors and corporate governance matters. A representative of the General Partner will be the primary contact for each portfolio company, allowing the
General Partner to seek to acquire special knowledge of the operations of that company and its sector, and
allowing for closer monitoring of the developments within the portfolio company. This is also expected to
assist in providing clear and effective lines of communication between the General Partner and the portfolio
When circumstances require, or it is in what the General Partner believes to be the Partnership’s best interests,
a representative of the General Partner may become directly involved in the management of regular business
operations of a portfolio company. While such a role will generally be considered to be temporary or
transitional, if the circumstances justify more extensive or extended involvement, a representative of the
General Partner may be employed by a portfolio company and paid a salary on terms that are equally
favourable to the company to those terms that are generally available on an arm’s length basis.
The General Partner will generally seek out companies in respect of which it believes it may have the capacity
to achieve a successful sale of the Partnership’s investment within 4 to 7 years of the date of investment. The
General Partner will consider a number of different exit strategies including refinancing, strategic sale or
merger, the sale of the Partnership’s interest back to other shareholders or management of the company, a
public offering, and the splitting of a company into groups of assets more suitable for sale to particular buyers.
- 12 - Co-Investment
The General Partner may offer opportunities to co-invest with the Partnership to Limited Partners and other
entities (which may be related to the General Partner), including entities created for the purpose of coinvesting with the Partnership. Where the General Partner in good faith believes that co-investment
opportunities within the scope of the Partnership's investment objectives are available and appropriate, the
General Partner may, but will be under no obligation to, provide co-investment opportunities to Limited
Partners before making such opportunities available to other entities, subject to the right of the General Partner
to make co-investment opportunities available (in such amounts as determined by the General Partner) to
interested entities (whether Limited Partners or not) who are deemed, in the General Partner's sole discretion,
to be of strategic importance to the investment or to the Partnership prior to making any such co-investment
opportunities available to the other Limited Partners. The terms of any such co-investment shall not, in the
opinion of the General Partner acting reasonably, be materially any more favourable as a whole than the terms
of the Portfolio Investment, other than differences related to the size of the investment or the strategic
importance to the Portfolio Investment of the relationship with the co-investor.
INVESTECO - PAST INVESTMENTS
The Manager is currently the manager of Investeco Private Equity Fund, L.P. (“Fund I”) launched in 2003,
and Investeco Private Equity Fund II L.P. (“Fund II”) launched in 2005. Fund I was closed in November,
2004 with $12.4 million in committed capital, and Fund II was closed in April, 2007 with $15.2 million in
committed capital. Fund I and Fund II have invested in the following companies.
INVESTECO FUND I AND FUND II INVESTMENTS
Company Name Sector Initial
Date Investment Total Currently Invested % of
Capital Committed Fund I
Schneider Power Inc.
Organic Meadow Inc.
Lotek Wireless Inc.
UV Pure Inc.
Triton Logging Inc.
Rowe Farm Meats Limited
Horizon Distributors Ltd. Clean Tech
Total LP I $1,000,000
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This document was uploaded on 02/19/2014.
- Spring '14