Investment process

Proven investment process results in smooth decision making

CVI - Non-binding confirmation of interest

CVI - Investment committee approval

CVI - Distribution of funds

Initial
review

• A project leader is assigned to each project
• Initial analysis based on info provided/ high-level follow-up questions
• Fast decision (go/no go) based on proprietary investment criteria

Analysis and Company meeting

• Meeting with founders, management
• Sharing detailed information, including the business plan, via email and Q&A sessions
• Reviewing business assumptions
• In-depth assessment of the project, following detailed analysis

Term sheet
negotiation

• Finalisation of financial model and stress-testing
• Preparation of financing structure
• Site visit, if not already done
• Negotiation of term sheet, including interest rate, collateral, covenants etc.
• Completion of internal due diligence, preparation of investment memorandum

Documentation
and Closing

• Conduct of confirmatory external due diligence, if necessary
• Selection of legal advisers
• Negotiation and signing of legal documentation
• Establishment of collateral

Regular
monitoring

• Quarterly review of financial performance
• Review of covenants
• Adjustments to financial projections and ratings, if necessary
• Supporting the company in strategic business decisions