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Core Capabilities
- Initial Public Offering (IPO)
CoreTec has provided the following support in completed IPO transactions, to date:
- assisting with the drafting of our client’s materials for presentation to potential stock market (AIM) sponsors, i.e. investment banks
- introducing the Client to our longstanding contacts within the investment banking community
- arranging and accompanying the client to its investment banking presentations
- assisting in the selection of an appropriate investment bank and advising on acceptable terms of engagement
- effecting introductions to, and advising on the selection of AIM specialist accountants, lawyers, financial PR and other advisers critical to the success of the transaction
- acting as a sounding board for the client and its shareholders throughout the process
- identifying board and executive members with the requisite industry and flotation experience
- helping at all times to facilitate rapid deal completion
For a live example of this work see Case Studies: No 5 & 3
- Pre-IPOs
CoreTec has provided the following support to an investment bank to complete a Pre-IPO Research Note on its IPO candidate:
- Drafting, into a pre-IPO Research Note format for the investment community, our investigations into the following areas of a developers activities:
- Executive summary, The Market, The fuel cell, The positioning of the developer’s technology, A description of the developer’s technological solution, Company history, Management, Sales & Marketing, Manufacturing, Research & Development, Technology Defence, Competition and Regulation.
This involved the following activities:
- Traveling to the US to meet our Client’s (the investment bank’s) client (the fuel cell developer) to meet key staff and examine the technology.
- Liaising between the parties under considerable time pressure to deliver an exceptional Research Note.
For a live example of this work see Case Studies: No 6
- Trade Sales
CoreTec was retained to identify potential acquirors and to project manage a deal process to completion:
- Completed an assessment of fundraising options available to the Client
- Advised the Client on the production of a suitable presentation & executive summary based on an appropriate business plan
- Introduced the Client to its financial networks
- Reviewed documents that were sent to potential acquirors throughout the process.
- Arranged and attended numerous presentations
- Gave the Client strategic advice with regards to potential investors
- Advised on Competing Offers
- Advised on the completion process, reviewed documentation and helped progress the deal to rapid completion.
For a live example of this work see Case Studies: No 1
- Management Buy Outs
CoreTec originates opportunity, identifies financial partners and facilitates deal process to completion:
- Deal Origination (CoreTec Approached by Management Team)
- Review of company information
- Introduce Team to potential buyer (Investec)
- Conduct overview Commercial Due Diligence - which includes discussions with the Client’s customers
- Select 2x Independent technical specialists to produce expert reports
For a live example of this work see Case Studies: No 2
- Venture Capital
CoreTec acts as company adviser, introducing the Client to its corporate & financial networks and providing expert industry testimony to potential investors.
- Advise the Client on the production of a suitable investor presentation & executive summary based on an appropriate business plan.
- Introduce the Client to its corporate & financial networks which included large corporates investment arms within its networks.
- Review documents aimed at potential investors.
- Make introductions to both SME and large corporate fuel cell technology developers that have an interest in forming developmental collaborations.
- In the role of sector specialist arrange and attend all investor presentations, a number of which were CoreTec's contacts outside the UK
- Give the Client strategic advice with regards to potential investors
- Provide strategic advice on and introductions to potential non-execs
- Give sector expert testimony to all of the above and to the technical & commercial due-diligence firm that was hired to produce a report for investors
For a live example of this work see Case Studies: No 4
- Market Audits & Evaluations
CoreTec evaluated the Client’s Alternative Energy capabilities within the context of the current state of the wider alternative energy market, its future prospects, likely timetable to commercialisation, other market participants, prospective contacts and sources of funding. In order to pursue this evaluation we visited several of the Clients sites and separately surveyed the Clients capabilities and contacts.
- Client Technology Benefits
- CoreTec Concerns
- Market Overview
- Market Forecasts
- Client Capabilities
- The Military & Consumer Landscape
- Core Tec Contacts & Networks
- Client Contacts & Networks
- Sources of Funds - Public & Private Sector
- Exit Options
- Recommendations
- Conclusions
- Model / Supply Chain Analysis
CoreTec uses its networks and experience to advise Clients on their location within the alternative energy supply chain by using current participant’s activities and models as locators and comparators:
- Company & Relevant Contact details
- Sector / Application priority
- Competitors and complimentors stated R&D priorities & Spend
- Competitors and complimentors pre-existing relationships
- Competitors and complimentors stated launch dates
- Competitors and complimentors stated performance criteria required
- Suggested access routes
- Technical & Commercial Due diligence
CoreTec’s global alternative energy sector technical & commercial networks contain independent specialists, often within technical institutions, across the majority of conceivable technological areas of expertise. CoreTec contracts, on an as and when required basis, with individuals from within these institutions to produce very high quality, in-expensive, branded due-diligence often to very tight deadlines.
- Ensure impartiality by locating & recommending experts domiciled outside Clients key geographical locations
- Agree Scope of Work (SoW) and price
- Accompany selected expert to relevant Client locations
- Closely manage experts output to eradicate linguistics issues from report and ensure timely production
- Ensure report produced is appropriate for audience and accurately reflects agreed SOW
- Commercial strategy evaluation
"The problem is not the size of potential markets, its building the appropriate research, development and commercial collaborations for effective participation" Phil Doran CoreTec
- Client technology & market assessment
- Business plan review
- Site Visit
- Market evaluation
- Networking discussions
- Full day’s meeting to discuss CoreTec’s conclusions
- Select high-level participants within relevant aspects of CoreTec’s networks for Client meetings
- Arrange, attend and follow-up meetings
- Development & Commercial Partnering
CoreTec sets out a strategy to enable the Client to gain access to potential development and commercial partners & buyers of their product within the alternative energy industry:
- Provide the Client with relevant target company contacts
- Provide the Client with details of relevant target company key personnel
- Provide the Client with a rationale for each target company
- Introduce the Client to contacts via telephone & meetings in UK & abroad as appropriate
- Accompany the Client to relevant conferences for additional face to face intros
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