DOCSLIB.ORG

Handbook for Sme Access to Alternative Sources of Finance in Asean

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Handbook for Sme Access to Alternative Sources of Finance in Asean P a g e | 1 HANDBOOK FOR SME ACCESS TO ALTERNATIVE SOURCES OF FINANCE IN ASEAN NOVEMBER 2018 This publication was produced by Nathan Associates Inc. for review by the United States Agency for International Development. P a g e | 2 HANDBOOK FOR SME ACCESS TO ALTERNATIVE SOURCES OF FINANCE IN ASEAN SUBMITTED TO ASEAN Coordinating Committee on MSME (ACCMSME) and the ASEAN Business Advisory Council (ABAC) DISCLAIMER This document is made possible by the support of the American people through the United States Agency for International Development (USAID). Its contents are the sole responsibility of the author or authors and do not necessarily reflect the views of USAID or the United States government. P a g e | 3 ACKNOWLEDGEMENTS This handbook was prepared by Dr. Hazik Mohamed, Managing Director/Head of Business Intelligence & Strategic Advisory, Stellar Consulting Group Pte Ltd, Singapore. Hazik is a business strategist with substantial market research, operation management and start-up experience. The handbook was prepared during April – June 2017, with a draft version submitted in May 2017 for the consideration of the ASEAN Coordinating Committee on Micro, Small and Medium Enterprises (ACCMSME). We thank the ASEAN Member States and the ASEAN Secretariat who reviewed and provided helpful comments to the draft handbook. P a g e | 4 CONTENTS 1. INTRODUCTION .............................................................................................................. 5 1.1. BACKGROUND ............................................................................................................. 5 1.2. TYPES OF ALTERNATIVE FINANCING AVAILABLE IN ASEAN ........................................... 6 1.3. RECENT INFORMATION AND DATA ON ALTERNATIVE FINANCING IN ASEAN .................. 12 2. FINDING LENDERS AND INVESTORS IN ASEAN ..................................................... 17 2.1. FINANCIAL AND NON-FINANCIAL NEEDS OF ASEAN MSMES ....................................... 17 2.2. COMPILATION OF PE/VCS PLATFORMS ...................................................................... 19 2.3. COMPILATION OF SOCIAL IMPACT INVESTOR PLATFORMS ............................................ 28 2.4. COMPILATION OF EQUITY CROWDFUNDING PLATFORMS.............................................. 29 3. ACCESSING ALTERNATIVE SOURCES OF FINANCE .............................................. 32 3.1. FINANCING OPTIONS .................................................................................................. 32 3.2. THE BUSINESS PLAN ................................................................................................. 37 3.2.1. Key Elements of a Business Plan...................................................................... 38 3.2.2. Sample Business Plans ..................................................................................... 40 3.2.3. Particular Information Emphasis by Funders (Pitch Material) ........................... 62 3.2.4. Investors' Assessment of Value ........................................................................ 63 3.3. UNDERSTANDING THE LANGUAGE OF LENDERS AND INVESTORS ................................. 64 3.3.1. Financial Projections and Performance ............................................................. 66 4. FINANCIAL MANAGEMENT ......................................................................................... 70 4.1. ENTREPRENEURS : QUESTIONS TO ASK YOURSELF (PLANS FOR NEW CAPITAL) .......... 70 4.2. MANAGING WORKING CAPITAL ................................................................................... 73 4.2.1. Sources of Working Capital ............................................................................... 73 4.2.2. Key Elements to Capital Management .............................................................. 74 4.2.3. How to Calculate Your Business and Trade Cycles .......................................... 75 4.2.4. Working Out Your Working Capital Lines for Your Business ............................. 76 4.3. MANAGING CAPITAL EXPENDITURE ............................................................................ 77 4.3.1. Case Study 1: A Village Artisan Enterprise ....................................................... 78 4.3.2. Case Study 2: A Contract Manufacturing Company .......................................... 78 4.3.3. Lessons for Entrepreneurs ................................................................................ 79 5. FUTURE OF ALTERNATIVE FINANCE ....................................................................... 81 5.1. DEVELOPING AND EXPANDING THE LENDING AND INVESTING NETWORK ...................... 81 5.2. POLICY AND REGULATORY IMPROVEMENTS TO ENABLE ACCESS TO ALTERNATIVE CAPITAL ............................................................................................................................. 83 5.3. FINANCIAL LITERACY AND ALTERNATIVE FINANCING AWARENESS PROGRAMS ............. 91 GLOSSARY OF FINANCIAL TERMS .................................................................................. 93 P a g e | 5 1. INTRODUCTION 1.1. Background Micro, small and medium sized enterprises (MSMEs) are the backbone of most economies in the world. In this region, they account for 96 per cent of all enterprises and between 50 and 85 percent of domestic employment outside the agricultural sector in ASEAN Member States (AMSs). Compared to the larger firms, MSMEs have long been significantly under-served financially, with very limited access to the traditional funding from formal banking institutions. Some 85 per cent (or 365 million to 445 million) of MSMEs in emerging markets have suffered from credit shortage, estimated in the range of US$2.1 trillion to US$2.5 trillion within the developing world. Of this, 45 per cent (US$900 billion to US$1.1 trillion) is estimated to occur in East and Southeast Asia. One of the challenges in MSME financing is that their financial requirements are too large for microfinance, but are too small to be effectively served by corporate banking models. Another factor that limits MSMEs access to credit is their large geographical dispersion around the region. ASEAN's growth story thus far has been centred in its capital cities and financial centres such as Bangkok, Jakarta, Kuala Lumpur, Manila, and will likely revolve around developing capitals of Ho Chi Minh City, Naypyidaw, Phnom Penh and Vientiane as well. While 13-22% of MSMEs are still concentrated in the capital cities, the remaining are fragmented across other cities in the rest of the country. These 'secondary' cities play an equally important role in contributing to the country's economic growth and development. The lack of access to financing is constantly cited by MSMEs as one of the main barriers to growth. With MSMEs still considered by commercial banks and traditional financial institutions as risky and costly to serve, they remain underserved when it comes to basic financial services. Ensuring improved and adequate access to finance for MSMEs has long been a concern in ASEAN hence the directive of the ASEAN Strategic Action Plan for SME Development 2016-2025 to encourage greater access to more diversified sources of financing. An ancillary goal to improve financial inclusion and literacy becomes imperative in order for MSMEs’ increased engagement in the financial system. Indeed, financial inclusion is one of the three strategic, finance-related objectives in the “AEC Blueprint 2025” which is an integral part of the ASEAN Community blueprint “ASEAN 2025: Forging Ahead Together”. Such inclusion is to be achieved through expanding the number and scope of financial intermediary facilities to benefit a wider circle of underserved communities, including MSMEs. Several key factors impede MSME lending and results in poor financial inclusion of MSMEs: P a g e | 6 i. Low MSME coverage by credit bureaus/registries increases the cost of MSME credit risk assessment ii. Inadequate reach limits traditional banks to service MSMEs in the physical and digital spheres iii. Internal banking regulations dictate higher risk weights to MSMEs loans which in turn raises lending costs iv. Lack of cash flow visibility compels traditional banks to adopt strict collateral- based credit risk models which hinder lending to MSMEs without collateral v. Information asymmetry between demand and supply sides An analysis of individual countries in ASEAN reveals that the support MSMEs receive from financial institutions to help finance their businesses does not reflect their contributions to their country's GDP and employment, despite being the critical drivers for growth. With the exception of Thailand, MSME loan volumes in the region are less than 60% of their contribution to GDP, and constitute less than 20% of total loans. This actually presents a sizeable opportunity to alternative financiers in the MSME market segment as well as an untapped resource for the MSMEs with regards to their financial needs. Currently, there is very limited information tailor-made to MSMEs in their search for, and access to, investment finance in ASEAN. Of the available information, the focus is largely on the traditional sources of finance on the supply side. There is virtually no information on alternative sources of loan and equity funding potentially suitable to the financing needs and requirements of the regional MSME. Additionally, no information (such as guidebooks and checklists) exists on how, when, and where ASEAN MSMEs can access alternative sources of finance. 1.2. Types of Alternative
Load more

Recommended publications
  • Crowdfunding in Asia
    Crowdfunding in Asia May 2018 Introducing the first free directory of crowdfunding platforms across Asia. The data is based on the AlliedCrowds Capital Finder, a database of over 7,000 alternative finance capital providers across emerging markets. Our data has been used by organizations like FSD Asia, UNDP, World Green Economy Organization, GIZ, World Bank, and others in order to provide unique, actionable insights into the world of emerging market alternative finance. This is the latest of our regular reports on alternative finance in emerging markets; you can find all previous reports here. Crowdfunding rose in prominence in the post-financial crisis years (starting in 2012), and for good reason: a global credit crunch limited the amount of funding available to entrepreneurs and small businesses. Since then, crowdfunding has grown rapidly around the world. Crowdfunding is especially consequential in countries where SMEs find it difficult to raise capital to start or grow their businesses. This is the case in many Asian countries; according to the SME Finance Forum, there is a $2.3 trillion MSME credit gap in East Asia and the Pacific. Crowdfunding can help to fill this gap by offering individuals and small businesses an alternative source of capital. This can come in the form of donation-based as well as lending-based (peer-to-peer or peer-to-business) crowdfunding. In order to help entrepreneurs and small business owners to find the crowdfunding platform that’s right for them, we are releasing the first publicly available list of all crowdfunding platforms across Asia. The report is split into two key sections: the first one is an overview of crowdfunding platforms, and how active they are across the largest markets on the continent.
    [Show full text]
  • Crowdfunding in the UAE – an Opportune Time for Regulatory Certainty Crowdfunding Is the New Kid on the Block in the Franco Grilli Alternative Finance Market
    Crowdfunding in the UAE – An Opportune Time For Regulatory Certainty Crowdfunding is the new kid on the block in the Franco Grilli alternative finance market. With access to traditional modes of finance reaching the Partner and Head bottleneck coupled with the sweeping reach of of Corporate and Banking Practice the internet, crowdfunding is globally emerging as Fichte & Co a leading resort for financing to not just startups, innovative companies and small and medium enterprises (SMEs) but also to individuals with an [email protected] exciting project and to non-profits aiming to ramp up their fundraising efforts. Priyasha Corrie In the UAE, the idea of crowdfunding is attracting considerable interest particularly in view of the Associate important role of SMEs in this region – SMEs are Corporate and said to account for over 90% of the business and Banking Practice Fichte & Co workforce in the country, and according to the UAE’s Ministry of Economy, SMEs account for almost 60% of UAE’s GDP. The law is slowly [email protected] catching up to this concept and with crowdfunding involving raising funds from the public at large, it is bound to frequently appear before the regulator’s radar going forward. To fuel the growth of crowdfunding market and to balance it against the need for investor protection, there is a need for a regulatory certainty in the form of an express legal framework to govern the crowdfunding market. In this article, we have provided a general overview of crowdfunding, examined the legal challenges surrounding crowdfunding in the UAE, and outlined the way forward.
    [Show full text]
  • Private Equity
    PRIVATE EQUITY Viney Sawhney <[email protected]> Introduction – Course Description This course is the study of private equity money invested in companies that are not publicly traded on a stock exchange or invested in as part of buyouts of publicly traded companies. The objective of the course is to provide a comprehensive overview and in-depth understanding of the private equity markets. Private equity finance will be explored from a number of perspectives, beginning with the structure and objectives of private equity funds; followed by the analysis and financing of investment opportunities; and finally crafting strategies for harvesting investments. There has been an increase in both the supply of and demand for private equity. On the supply side, the amount of private equity under management - by partnerships investing in private equity, growth investments, leveraged buyouts, distressed companies, real estate, etc. - has increased dramatically in recent years. On the demand side, an increasing number of individuals and companies are interested in starting and growing their respective businesses. Collectively, small and medium businesses are focused in gaining access to Private Equity and understanding the dynamics of this unique funding source. Course objectives The main objective of the course is to provide students with the necessary theoretical and conceptual tools used in private equity deals. The course provides the intellectual framework used in the private equity process, valuation in private equity settings, creating term sheets, the process of due diligence and deal structuring. Other learning objectives include building an understanding of harvesting through IPO or M&A, public-private partnerships and sovereign wealth funds.
    [Show full text]
  • Private Equity & Venture Capital
    VOLUME 14, ISSUE 6 ■ AUGUST 2018 PRIVATE EQUITY & VENTURE CAPITAL SPOTLIGHT THE RISE OF VENTURE AND IN THIS ISSUE GROWTH CAPITAL IN EUROPE €11bn in capital has already been secured by venture and growth capital funds focused on Europe that have closed this FEATURE 3 year; this is the highest figure seen at this stage in recent The Rise of Venture years. We put activity in the region under the microscope, examining the economic factors that have contributed to and Growth Capital in this. Europe Find out more on page 3 INDUSTRY NEWS 7 THE FACTS ■ Private Equity in the 9 PRIVATE EQUITY IN THE NORDIC Nordic Region REGION ■ Public Pension Funds 12 Investing in Private With the capital raised by managers based in the Nordic Equity region reaching record highs, we take a look at the growing private equity market in terms of fundraising activity, investor make-up and largest exits in the region. CONFERENCES 14 Find out more on page 9 RECENTLY RELEASED: THE 2018 PREQIN PRIVATE CAPITAL FUND TERMS THE 2018 PRIVATE CAPITAL All data in this newsletter ADVISOR can be downloaded to PREQIN FUND TERMS ADVISOR Excel for free Order Your Copy Download Sample Pages Sign up to Spotlight, our free monthly newsletter, providing insights into performance, investors, deals and fundraising, powered by Preqin data: Alt Credit Intelligence European and US Fund Services Awards: Best Data and Information Provider | Africa Global Funds Awards 2016: Best Research and Data Provider | The Queen’s SIGN UP Award for Enterprise: International Trade | HedgeWeek Global Awards:
    [Show full text]
  • Weekly Internet / Digital Media / Saas Sector Summary
    Weekly Internet / Digital Media / SaaS Sector Summary Week of July 14th, 2014 Industry Stock Market Valuation Internet / Digital Media / SaaS Last 12 Months Last 3 Months 180 120 14.6% 160 11.9% 60.8% 10.4% 10.4% 110 7.9% 140 22.3% 7.7% 21.0% 6.6% 20.4% 5.9% 120 20.0% 5.1% 16.3% 100 13.9% 100 13.0% 10.8% 80 90 7/12/13 9/23/13 12/5/13 2/16/14 4/30/14 7/12/14 4/11/14 5/4/14 5/27/14 6/19/14 7/12/14 (1) (2) (3) (4) Search / Online Advertising Internet Commerce Internet Content Publishers (5) (6) (7) (8) NASDAQ Diversified Marketing Media Conglomerates Gaming SaaS Notes: 1) Search/Online Advertising Composite includes: BCOR, BLNX-GB, CNVR, CRTO, GOOG, FUEL, MCHX, MM, MRIN, MSFT, QNST, RLOC, RUBI, TRMR, TWTR, YHOO, YNDX, YUME. 2) Internet Commerce Composite includes: AMZN, AWAY, COUP, CPRT, DRIV, EBAY, EXPE, FLWS, LINTA, NFLX, NILE, OPEN, OSTK, PCLN, PRSS, SSTK, STMP, TZOO, VPRT, ZU. 3) Internet Content Composite includes: AOL, CRCM, DHX, DMD, EHTH, IACI, MOVE, MWW, RATE, RENN, RNWK, SCOR, SFLY, TRLA, TST, TTGT, UNTD, WBMD, WWWW, XOXO, Z. 4) Publishers Composite includes: GCI, MMB-FR, NWSA, NYT, PSON-GB, SSP, TRI, UBM-GB, WPO. 5) Diversified Marketing Composite includes: ACXM, EFX, EXPN-GB, HAV-FR, HHS, IPG, MDCA, NLSN, VCI, WPP-GB. 6) Media Conglomerates Composite includes: CBS, CMCSA, DIS, DISCA, LGF, SNE, TWX, VIA.B. 7) Gaming Composite includes: 2432-JP, 3632-JP, 3765-JP, 700-HK, ATVI, CYOU, EA, GA, GAME, GLUU, NTES, PWRD, UBI-FR, ZNGA.
    [Show full text]
  • Il Modello Predittivo Degli Eventi Futuri Del CRNE - Centro Ricerche Nuove Energie
    Il Modello Predittivo degli Eventi Futuri del CRNE - Centro Ricerche Nuove Energie: Analisi GeoPolitiche, Tecnologiche & Smart City Solution - Advice Service CRNE Science & Business Vision Il CRNE Centro Ricerche Nuove Energie nasce nel 1998, e nel 2015 la “Divisione Ricerca e Sviluppo” ha sviluppato “un modello predittivo degli eventi futuri basato sul censimento delle minacce ponderate”. Si tratta di “un servizio di consulenza sulle aspettative future” unico nel suo genere sul panorama nazionale e internazionale, in cui viene esposto in maniera chiara una visuale precisa degli eventi futuri, che noi riteniamo altamente probabili, sia sul breve, che nel medio, che nel lungo periodo. Il Modello Predittivo degli eventi futuri del CRNE è uno strumento prezioso per quanti vogliono avere una visione moderna e all’avanguardia dell’evoluzione degli eventi, per proteggersi nell’immediato futuro dalle minacce ponderate che abbiamo censito, che sono esposte in forma cronologica nel modello predittivo. Sta alla sensibilità del lettore tenere in considerazione per il proprio futuro quanto riportato in questa relazione. CRNE Science & Business Vision is an Advice Service to Avoid Future’s Systemic Crisis These Are Our Areas of Expertise: Geopolitical Analysis and Solutions - Investment in Work & Residential CRNE Concept Outside Italy, called “Smart City Project”, named “Backup Italy” Advice Service for Human Resources & Capital Money Protection - Scientific and Technological Research - Development Service for Start Up, Patent and Prototype for CRNE’s Smart City - International Financial Analysis & Development Performance’s Strategy for Stock Market CRNE leads the way to the future to the best Italians, Serenity is our goal, Choose to live under CRNE wings&vision.
    [Show full text]
  • FT PARTNERS RESEARCH 2 Fintech Meets Alternative Investments
    FT PARTNERS FINTECH INDUSTRY RESEARCH Alternative Investments FinTech Meets Alternative Investments Innovation in a Burgeoning Asset Class March 2020 DRAFT ©2020 FinTech Meets Alternative Investments Alternative Investments FT Partners | Focused Exclusively on FinTech FT Partners’ Advisory Capabilities FT Partners’ FinTech Industry Research Private Capital Debt & Raising Equity Sell-Side / In-Depth Industry Capital Buy-Side Markets M&A Research Reports Advisory Capital Strategic Structuring / Consortium Efficiency Proprietary FinTech Building Advisory FT Services FINTECH Infographics Partners RESEARCH & Board of INSIGHTS Anti-Raid Advisory Directors / Advisory / Monthly FinTech Special Shareholder Committee Rights Plans Market Analysis Advisory Sell-Side Valuations / LBO Fairness FinTech M&A / Financing Advisory Opinion for M&A Restructuring Transaction Profiles and Divestitures Named Silicon Valley’s #1 FinTech Banker Ranked #1 Most Influential Person in all of Numerous Awards for Transaction (2016) and ranked #2 Overall by The FinTech in Institutional Investors “FinTech Excellence including Information Finance 40” “Deal of the Decade” • Financial Technology Partners ("FT Partners") was founded in 2001 and is the only investment banking firm focused exclusively on FinTech • FT Partners regularly publishes research highlighting the most important transactions, trends and insights impacting the global Financial Technology landscape. Our unique insight into FinTech is a direct result of executing hundreds of transactions in the sector combined with over 18 years of exclusive focus on Financial Technology FT PARTNERS RESEARCH 2 FinTech Meets Alternative Investments I. Executive Summary 5 II. Industry Overview and The Rise of Alternative Investments 8 i. An Introduction to Alternative Investments 9 ii. Trends Within the Alternative Investment Industry 23 III. Executive Interviews 53 IV.
    [Show full text]
  • 2018 FINTECH100 Leading Global Fintech Innovators 2017 FINTECH100
    2018 FINTECH100 Leading Global Fintech Innovators 2017 FINTECH100 Leadin loba Fintec nnovators 1 1 2016 2017 Fintech100 Report FINTECH100 Leadin loba Fintec nnovators Company #00 1 | Fintech Innovators 2016 1 2015 Fintech100 Report FINTECH 100 Leading Global “ Fintech Innovators Report 2015 Company Description At a Glance Tag Line Located Year Founded Key People Website Specialisation Staff Enabler or Disruptor Key Investors Ownership Size User Engagement $ $ $ $ $ The 100 Leading Fintech Innovators Report 2016 Fintech100 Report The 50 Best Fintech Innovators Report 2014 Fintech100 Report 2 About the List The Fintech100 is a collaborative effort between H2 Ventures and KPMG. In its fifth year, the Fintech100 uncovers and evaluates the most innovative Fintech companies globally. The Fintech100 comprises a ‘Top 50’ and an ‘Emerging 50’ and highlights those companies globally that are taking advantage of technology and driving disruption within the financial services industry. A judging panel comprised of senior partners from H2 Ventures and KPMG has decided the final composition of the Fintech100 list. H2 Ventures H2 Ventures is a global thought leader in fintech venture capital investment. Founded by brothers Ben and Toby Heap, and based in Sydney, Australia, it invests alongside entrepreneurs and other investors in early stage fintech ventures. H2 Ventures is the manager of the H2 Accelerator – Australia’s only dedicated fintech accelerator – and operates out of Sydney’s dynamic Startup Hub. Twitter @H2_Ventures LinkedIn H2 Ventures Facebook H2 Ventures KPMG Global Fintech The financial services industry is transforming with the emergence of innovative, new products, channels and business models. This wave of disruption is primarily driven by evolving customer expectations, digitalisation, as well as continued regulatory and cost pressures.
    [Show full text]
  • United States Venture Capital Review
    United States Venture Capital Review FULL YEAR 2020 United States Venture Capital Full Year 2020 | United States Venture Capital Review United States Venture Capital Deals Intelligence Venture Capital Investment Activity in U.S. Companies $140 6000 UNITED STATES VENTURE CAPITAL INVESTMENTS REACHES $124.8 BILLION United States venture capital investments reached a record high of $124.8 billion from 5,084 transactions during full year 2020, a 16% increase by dollars despite a 4% downtick in numbers of $120 deals compared to a year ago. United States venture-stage investment during the fourth quarter alone 5000 totaled $30.6 billion from 1,208 deals, a 20% decrease compared to the third quarter of 2020 in terms of dollars. $100 4000 FOUR VENTURE INVESTMENTS OVER $1 BILLION COMPLETED Four venture-stage investments over $1 billion, totaling $8.4 billion, were secured in 2020. Rivian $80 Automotive, a manufacturer of electric vehicles, secured a $2.5 billion investment from a consortium 3000 of investors, leading all other venture investments in 2020. Waymo, a company that develops self- $60 driving vehicles, secured the second largest venture investment with $2.3 billion in capital. Also included was the $1.9 billion investment into SpaceX which produces space transport vehicles and 2000 the $1.8 billion investment into video game and software developer, Epic Games. $40 COMPUTER SOFTWARE & SERVICES LEADS ALL SECTOR BY DOLLARS INVESTED 1000 The Computer Software & Services sector led all other sectors by value with $50.3 billion invested in $20 more than 2,000 transactions during full year 2020, an increase of 23% in dollars compared to 2019.
    [Show full text]
  • Private Placement Activity Chris Hastings | [email protected] | 917-621-3750 8/7/2017 – 8/11/2017 (Transactions in Excess of $15 Million) Commentary
    Private Placement Activity Chris Hastings | [email protected] | 917-621-3750 8/7/2017 – 8/11/2017 (Transactions in excess of $15 million) Commentary . Iconectiv, a developer of telecommunications software and interconnection technology, raised $200 million — Francisco Partners led the deal. Information Resources, a provider of consulting and advisory services, raised $100 million. Investors include New Mountain Capital and Silver Canyon Group. Appboy, a developer of a life-cycle engagement platform, raised $50 million in Series D funding at a $350 million pre-money valuation — ICONIQ Capital led the round. Oryx Vision, a developer of next-generation automotive LiDAR technology, raised $50 million in Series B funding — Third Point Ventures and WRV led the round. Chef’d, a provider of an online food sales and delivery service, raised $35 million in Series B funding. Amplitude, a provider of a mobile and web-based analytics platform, raised $30 million in Series C funding — IVP led the round. Signals Analytics, a developer of an insights as a service augmented intelligence platform, raised $25 million in Series C funding — Pitango Venture Capital led the round. InContext Solutions, a developer of 3D virtual simulation technology, raised $22 million in Series F funding — Beringea and Intel Capital led the round. Stratford School, a provider of academic programs, raised $21 million. Investors include Warburg Pincus. Guideline, a provider of automated investment technology, raised $15 million in Series B funding at a $70 million pre-money valuation — Felicis Ventures led the round. Company Company Amount Date Investors Series Company Description / Comments Name Location Raised ($M) Information Technology Developer of telecommunications software and interconnection technology.
    [Show full text]
  • Boston San Francisco Munich London
    Internet & Digital Media Monthly August 2018 BOB LOCKWOOD JERRY DARKO Managing Director Senior Vice President +1.617.624.7010 +1.415.616.8002 [email protected] [email protected] BOSTON SAN FRANCISCO HARALD MAEHRLE LAURA MADDISON Managing Director Senior Vice President +49.892.323.7720 +44.203.798.5600 [email protected] [email protected] MUNICH LONDON INVESTMENT BANKING Raymond James & Associates, Inc. member New York Stock Exchange/SIPC. Internet & Digital Media Monthly TECHNOLOGY & SERVICES INVESTMENT BANKING GROUP OVERVIEW Deep & Experienced Tech Team Business Model Coverage Internet / Digital Media + More Than 75 Investment Banking Professionals Globally Software / SaaS + 11 Senior Equity Research Technology-Enabled Solutions Analysts Transaction Processing + 7 Equity Capital Markets Professionals Data / Information Services Systems | Semiconductors | Hardware + 8 Global Offices BPO / IT Services Extensive Transaction Experience Domain Coverage Vertical Coverage Accounting / Financial B2B + More than 160 M&A and private placement transactions with an Digital Media Communications aggregate deal value of exceeding $25 billion since 2012 E-Commerce Consumer HCM Education / Non-Profit + More than 100 public equities transactions raising more than Marketing Tech / Services Financial $10 billion since 2012 Supply Chain Real Estate . Internet Equity Research: Top-Ranked Research Team Covering 25+ Companies . Software / Other Equity Research: 4 Analysts Covering 40+ Companies RAYMOND JAMES / INVESTMENT BANKING OVERVIEW . Full-service firm with investment banking, equity research, institutional sales & trading and asset management – Founded in 1962; public since 1983 (NYSE: RJF) – $6.4 billion in FY 2017 revenue; equity market capitalization of approximately $14.0 billion – Stable and well-capitalized platform; over 110 consecutive quarters of profitability .
    [Show full text]
  • Healthy Living Consumer Products: Industry Update, Deal Review and ‘Hot’ Categories
    Healthy Living Consumer Products: Industry Update, Deal Review and ‘Hot’ Categories Natural Products Expo West Michael Burgmaier Nicolas McCoy Managing Director Managing Director March 2017 o. 508-251-5702 o. 508-251-8205 c. 207-232-2480 c. 508-954-4931 [email protected] [email protected] 2 What the Whipstitch Team Has Been Up To 2016 by the Numbers • Three M&A Transactions • Four Private Placements • One Unannounced Deal • Three New Team Members • Eight New Associated Industry Experts (Our “Stitching Crew”) • Ten Speaking Events with Emerging Consumer Companies • One Stitching Crew Lobster Bake 2017 Transactions Bill Moses Joins the Whipstitch Team as • Several transactions expected to close Senior Operating and Strategic Advisor in first half of 2017, for example: • Former Co-Founder, Chairman/ CEO of KeVita Probiotic Drinks o Nutrient-dense Superfood Company • Founder, angel investor and o Sports Nutrition and Supplement strategic advisor to several on- Company trend functional CPG ventures • Owner of Casa Barranca Winery o Better-for-you Snack Company • Charity advocate & non-profit board member 3 Contents . Whipstitch Capital Overview . Healthy Living: Industry Overview and Deal Update / Whipstitch’s Top 11 Healthy Living Consumer Trends . SPINS Market Update: Produced for Whipstitch’s Industry Analysis . Food & Beverage M&A and Private Placement Deal Data 4 Whipstitch – A Bank Solely Focused on the Healthy Living Market Whipstitch [hwip-stitch] Noun. The stitch that passes over an edge, in joining, finishing, or gathering. • Launched October 2015 by Nick McCoy and Michael Burgmaier • Focused exclusively on innovative consumer companies • Financial Advisory on M&A and institutional private placements • Participate in over 15 consumer industry events/year • Lead events such as all-day financing seminars, networking events • The Whipstitch team has completed >50 consumer transactions; select recent deals: 5 Whipstitch Differentiation: This is What We Do Focus You Get the Top Experience .
    [Show full text]