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  • FMS Pass Through Power Point

    Diunggah oleh

    metieluwa5831
    19 tayangan11 halaman
    A pass through transaction is primarily a Joint Venture between the Public Company and the private company. The Public Company provides cash and other resources the private company provides something that is important to the public company's core business, e.g., distribution in a different region, expansion of product lines, etc. The legal structure may be a separate Joint Venture or crosslicensing / contracts.

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    A pass through transaction is primarily a Joint Venture between the Public Company and the private company. The Public Company provides cash and other resources the private company provides something that is important to the public company's core business, e.g., distribution in a different region, expansion of product lines, etc. The legal structure may be a separate Joint Venture or crosslicensing / contracts.

    Hak Cipta:

    Attribution Non-Commercial (BY-NC)
    Unduh sebagai PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    19 tayangan11 halaman

    FMS Pass Through Power Point

    Diunggah oleh

    metieluwa5831
    A pass through transaction is primarily a Joint Venture between the Public Company and the private company. The Public Company provides cash and other resources the private company provides something that is important to the public company's core business, e.g., distribution in a different region, expansion of product lines, etc. The legal structure may be a separate Joint Venture or crosslicensing / contracts.

    Hak Cipta:

    Attribution Non-Commercial (BY-NC)
    Unduh sebagai PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    dari 11

    Pass Through Structure

    Pass Through  Appropriate When

    •  Strong Management 

    •  Have something proprietary that a Public 
    Company wants 

    •  Less than $3 million EBITDA last year 

    •  Good Industry Relationships 
    Fundamentally a Joint Venture 

    •  Transaction is primarily a joint venture between the 
    public company and the private company 
    •  The public company provides cash and other resources 
    •  The private company provides something that is 
    important to the public company’s core business, e.g., 
    distribution in a different region, expansion of product 
    lines, new customer bases, etc. 
    •  The legal structure may be a separate joint venture or 
    cross­licensing/contracts 
    Cash, Resources, Distribution 

    Public 
    Company  Beneficiary 
    Private Co. 
    Cross Regional Distribution, Product 
    Lines, Other Desired Value
    Pass Through  Adds Funding to Public Company 
    •  The FMS Group funds Public Company which passes 
    through cash to Beneficiary private company 
    •  FMS receives securities from Pubco in exchange 
    •  FMS additional receives warrants from Beneficiary
    Cash 
    Public 
    Company  Beneficiary 
    Private Co. 

    Securities 
    Cash 
    Warrants 

    The FMS Group 
    Terms

    •  The FMS Group investment is standard terms 
    for an investment in public company 
    –  Convertible debt, preferred, or straight equity 
    –  Warrant coverage 
    –  Warrant coverage in private entity 

    •  Terms vary depending on the fundamentals of 
    the public company 

    •  Private company negotiates terms with public 
    company independent of The FMS Group 
    Public Company Perspective

    •  Want something from private company 
    other than money 
    –  Adds substantial value to core business 

    •  Will view the transaction as their 
    investment with them bearing the risk 

    •  May or may not want capital from The 
    FMS Group 
    Public Company Criteria

    •  $75­250 million market cap ideal 

    •  If US listed, qualifies for shelf registration 

    •  Any exchange worldwide, any industry 
    –  Cross border deals often the best 

    •  Minimum market cap $10+ million USD without 
    fundamental balance sheet or P&L deficits 
    Finding the Public Company

    •  Normally the responsibility of the private company 

    •  Key is compelling reason for the Public Company to 
    participate 

    •  Company traded on foreign exchange looking to expand 
    distribution/product line geographically is ideal fit 

    •  Use industry relationships 

    •  Use foreign country relationships 
    Troubleshooting

    •  Don’t know any public companies 
    –  Problem with industry background and relationships 

    •  Not a good fit for any public companies 
    –  Problem with exit strategy 

    •  Public company wants to know terms 
    –  Terms have to be market or public company will not accept 
    them 

    •  Takes too long to find the public company 
    –  Indicative of other issues such as industry background, exit 
    strategy, poor relationships 
    Next Steps

    •  Confirm interest from a public company 

    •  Call us with the symbol and amount to be 
    funded 

    •  Can close in <30 days 

    •  Foreign relationships of particular interest 
    The FMS Group 

    Thank you for your time and interest. 

    Level 24, AMP Place, 10 Eagle Street Brisbane, QLD 4000 Australia 
    Ph:  61 (0) 7 3036 5229    Fax: 61 (0) 7 3041 0583 
    Donovan@thefmsgroup.com  WWW.THEFMSGROUP.COM 
    ABN 59 129 981 184     AFSL 257871

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