Euronext Dublin's Strategic Financing Programme
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EURONEXT DUBLIN’S STRATEGIC FINANCING PROGRAMME 2019-2020 in partnership with IPOready | Euronext Dublin’s Strategic Financing Programme | 2019-2020 PREPARING COMPANIES TO HOW WILL THE PROGRAMME ACCESS STRATEGIC FINANCE BENEFIT ME? IPOready was launched by Euronext Dublin understand capital in 2015 to give companies a comprehensive markets, strategic understanding of how to raise strategic financing options and finance, the different options available and which options are the best mix for the growth of your business. most suitable for your business Financing is the fuel for scaling your business; achieving the right finance Padraic Clarke strategy for your business is critical to CFO - Atlantic Therapeutics enabling expansion and growth. get your business investment ready IPOready is designed to give you the skills and understand and knowledge to do this. It will help you the fund raising understand the demands of different I would recommend the IPOready process investor types (private equity, VC and public programme to any growing market) and help you to prepare your Irish company looking to access business to deliver to those expectations. significant finance as a critical strategic enabler of their growth. Even if an IPO is not the ultimate perfect your source of that finance, the investment learnings that I took away from pitch IS MY BUSINESS the programme are relevant to any fundraising situation, and were of ELIGIBLE TO benefit to Atlantic Therapeutics PARTICIPATE? in our recent equity fundraising. IPOready has provided us a fantastic opportunity to meet build a network of Yes if your business: other companies in a similar investors, advisors position and to learn from their and entrepreneurs • Is revenue generating (>€5m) experiences as well as providing • Can demonstrate a track record contacts with potential advisors of growth and potential to and investors for the future.” accelerate revenues • Can commit two senior executives (typically CEO, CFO, founder) for the duration of the programme 2 3 IPOready | Euronext Dublin’s Strategic Financing Programme | 2019-2020 PROGRAMME OVERVIEW TO JUNE 2019 TO APRIL 201 APPLICATION IPOready is delivered by Euronext Dublin in From September 2019 to June 2020, the AND SELECTION partnership with Enterprise Ireland and the participants will take part in seminars, pitch Ireland Strategic Investment Fund (ISIF). days and one-to-one coaching. OF CANDIDATES 9 IPOready is unique in providing participating companies with: SEMINARS Interactive seminars are delivered by a SEPTEMBER 2019 SEPTEMBER combination of advisors and leading Irish DECEMBER 2019 corporates, investors and entrepreneurs. PHASE 1 PREPARING FOR expert training and STRATEGIC insights from over 100 top PITCH DAYS FINANCE professionals Participants will pitch their investment story to investors and gain insights in how to refine it. ONE-TO-ONE COACHING JANUARY 2020 JANUARY Each participant company is allocated a APRIL 2020 networking PHASE 2 mentor with extensive fund raising experience SECURING opportunities to guide them through the programme and support them in developing their equity pitch. STRATEGIC FINANCE MEETING WITH ISIF ISIF is committed to supporting the scaling access to over 25 of Irish enterprises and the development of domestic and international a strong IPO pipeline. Participant companies investor organisations will have one-to-one contact with ISIF during 2020 MAY the programme. In addition, ISIF will consider PHASE 3 investing in participant companies who INTERNATIONAL subsequently progress to undertake an FINANCE Initial Public Offering (IPO). one-to-one mentoring 4 5 IPOready | Euronext Dublin’s Strategic Financing Programme | 2019-2020 TESTIMONIALS FROM PREVIOUS PARTICIPANTS David Walsh, Mark Lynch, Laurence Flavin, Peter Cosgrove, CEO - Netwatch Systems Director - O’Reilly Concrete CFO - Finance Ireland CEO - ATA Group IPOready was instrumental to Netwatch I think IPOready is a valuable We were delighted to be part of the The networking and peer to peer in our fund raising efforts. It gave us a deep programme for every scaling family IPOready programme. It was a natural step in learning on IPOready was invaluable. I really insight into the funding ecosystem and company looking to gain insights into the progression of a high growth business like enjoyed watching ATA and our peers refine our fund raising process. The modules focusing financing options, investor expectations and Finance Ireland, as Ireland’s largest non-bank strategy throughout the programme which on pitching to investors helped us to craft corporate governance. I couldn’t recommend lender. The programme put us in a positive was evident during the pitch sessions. I also an investor pitch with the correct value it highly enough - it more than exceeded our environment with companies of a similar gained great insights through engaging with proposition for our strategic partners. I would expectations.” DNA and gave us access to the expertise and presenters on the programme who openly recommend IPOready to every company resources needed in considering the suitability shared their experiences in scaling their looking to raise strategic finance.” of an IPO for our business in the future. We companies and the sources of funding they would strongly recommend the programme used along the way.” to other companies with a track record and growth ambitions.” Patrick Mc Hale, Justin Keatinge, CFO - Taoglas Co-founder - Version 1 For Taoglas, the IPOready programme The IPOready programme is a brilliant was an instrumental success and has really support and networking opportunity for helped us shape our future growth options. companies interested in scaling their business. We gained an in-depth understanding of the Over the course of the programme I have financing options available to Irish companies gained knowledge on raising capital, investor to help them scale. Most importantly, what relations and business management not only the programme delivered is the belief that from leading experts but also from my fellow Irish companies can scale with the correct participants on the IPOready experience.” strategic options while always maintaining control, rather than exiting to that strategic buyer too early.” 6 7 IPOready | Euronext Dublin’s Strategic Financing Programme | 2019-2020 PHASE 1 PHASE 2 PREPARING FOR STRATEGIC FINANCE SECURING STRATEGIC FINANCE Phase 1 will focus on getting your company investment ready, encompassing key topics Phase 2 will focus on evaluating the different strategic options available and identifying such as your business plan, strategy, leadership, governance, financial model and the one most suitable to your company. valuation. It will also outline the fund raising process and managing investor relations. It will also include a module on acquisitions, the rationale and the process which can be a key part of strategic growth.This phase will conclude with a pitch to an investor panel This phase will also conclude with a pitch to an investor panel who will give you insights who will give you insights for refining your investment pitch. for refining your investment pitch. Induction - Thursday, 5 September 2019 MODULE 1 MODULE 2 PITCH DAY MODULE 3 MODULE 4 PITCH DAY Strategy, leadership & Investment ready financial Presenting to Understanding sources Fund raising process Presenting to governance modelling & valuation investors of finance & investors and M&A investors 08-09 October 2019 12-13 November 2019 28 November 2019 28-29 January 2020 10-11 March 2020 23 April 2020 Day 1 Day 1 Pitching your equity story Day 1 Day 1 Pitching your equity story Strategy and structure for growth Getting your company investment to an investor panel Strategic finance options Fund raising process to investor panel Leadership and culture ready Assessing funding options IPO process DINNER WITH KEYNOTE SPEAKER DINNER WITH KEYNOTE SPEAKER DINNER WITH KEYNOTE SPEAKER DINNER WITH KEYNOTE SPEAKER Day 2 Day 2 Day 2 Day 2 Driving governance and board Building your financial model Understanding public equity Scaling through acquisitions performance Valuing your company markets and investor relations Using finance as a strategic enabler Developing your equity pitch Legal aspects of financing PHASE 3 INTERNATIONAL FINANCE May 2020 2 Days Meeting with international advisors, investors and entrepreneurs Pitching your equity story to an international investor panel 8 9 IPOready | Euronext Dublin’s Strategic Financing Programme | 2019-2020 PROGRAMME PARTNERS PRE-IPO PROGRAMME For the first time, IPOready participants Enterprise Ireland - Ireland Strategic Investment specialised in the Tech sector will have the SEPTEMBER 2019 SEPTEMBER helping Irish companies Fund (ISIF) opportunity to join Euronext’s TechShare ISIF is a sovereign development fund with programme. Created in 2015 TechShare achieve global success a unique mandate, which is to invest on a is the only pan-European programme FALL Enterprise Ireland works in partnership commercial basis in a manner designed to dedicated to Tech businesses, with a CAMPUS support economic activity and employment first-rate and well-regarded educational with Irish enterprises to help them start, SEMINAR grow, innovate and win export sales in in Ireland. The Fund’s revised investment approach on the IPO process and its global markets. strategy, following a 2018 review of the challenges. TechShare focuses on ISIF mandate, is guided by the objectives companies from Belgium, France, As a government organisation, they of Project