Intervention IDInvest partners 30 oct 2015 BPI France - Cleantech Business Angels -> http://www.cleantechbusinessangels.com/formation-business-angels/

1. How to raise funds?
Cleantech Business Angels
March 2015

2. AGENDA
PART I IDINVEST PARTNERS
PART II HOW TO RAISE FUNDS?
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3. • €1.8bn
Mandates / Funds of
Funds
160 + Funds, (60+
Advisory Board seats)
• €0.4bn
Co-investments in
LBO in 35+ companies
• €0.5bn
Secondary
transactions
in 22+ secondary
transactions
• €1.2bnMezzanine
in 30+ types of
investments
• €1.5bn
VC / Growth Capital
direct investment in 130+ companies
• €0.1bnRenewable Energy
Infrastructure
150 MW+ financed
€5.5bn assets under management
Allianz biggest GP and
15+ other recognized and institutional LPs
All investments made within institutional best practices
History
• Independent private equity manager (60 people)
• Former subsidiary of Allianz created in 1997 and successfully spun-
off in 2010
IDINVEST PARTNERS: A LEADING PRIVATE
EQUITY PLAYER SINCE 1997
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4. An average 15+% IRR* (top quartile)
Investment in 130 companies with many
success stories / “home runs”
European leader recognized by the
community
A LEADING VENTURE CAPITAL PRACTICE
A clearly defined investment strategy…
• European companies with hyper-growth potential
• €2M to €10M per round, €10M to €20M per company
• Lead and active investor (100 board seats)
• 3 sectors: Media/Internet/Information Technology,
Cleantech, and Healthcare
…with constant focus on selecting the best
companies
• Presence in all geographies
• Extreme rigor on sourcing quality and compliance
with best practices
A team of 20 investment professionals, with
deep sector expertise, and 8 people in the
middle and back office
• + significant network of experts to support due
diligences and portfolio
Investment strategy
focused on worldwide best in class
companies
~€1.5bn invested with
a unique performance
*: Gross IRR (since January 2003) 4

5. AGENDA
PART I IDINVEST PARTNERS
PART II HOW TO RAISE FUNDS?
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6. SELLING SHARES: LEARNING A NEW JOB
Your Customers
• Corporates
• Business Angels
• Crowdfunding
• VCs
What are VCs looking for?
VCs are looking for a financial return (above 3x – up to 10x):
Key investment criteria:
• TEAM/TEAM/TEAM and also
• Growth potential
• Barriers to entry
• Alignment of interest
• Exit story within 5 to 7 years
Can you and your business provide all of this? - Be honest with yourself
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7. SELLING SHARES: LEARNING A NEW JOB
Tips to reach VCs
• Arrive recommended via a common network
• Manage your communication – news flow
• Understand that fund raising is not the end, only the beginning
Other key considerations
• Selling/buying a lemon car dilemna
• Are you ready to spend 5 to 7 year with this person?
• Do you need to use an advisor? Yes sometimes (avoid the retainer
seekers)
• Do you need to look for more than money?
• Don’t make a complex deal even though your business is unpredictable
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8. DISCLAIMER
This presentation has been prepared by Idinvest Partners and/or its affiliates (“Idinvest Partners”) for the exclusive use of the party to
whom Idinvest Partners delivers this presentation (together with its subsidiaries and affiliates, the “Company”) using information
provided by the Company and other publicly available information. The valuations, forecasts, estimates, opinions and projections
contained herein involve elements of subjective judgment and analysis.
Any information or opinion expressed herein is subject to change without notice. Nothing contained herein is, or shall be relied upon
as, a promise or representation as to the past or future. Idinvest Partners, its affiliates, directors, officers, employees and/or agents
expressly disclaim any and all liability relating or resulting from the use of all or any part of this presentation.
This presentation has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy
or sell any securities or related financial instruments. The Company should not construe the contents of this presentation as legal,
tax, accounting or investment advice or a recommendation. The Company should consult its own counsel, tax and financial advisors
as to legal and related matters concerning any transaction described herein. This presentation does not purport to be all-inclusive or
to contain all of the information that the Company may require.
No investment, divestment or other financial decisions or actions should be based solely on the information in this presentation.
Distribution of this presentation to any person other than the Company and those persons retained to advise the Company, who
agree to maintain the confidentiality of this material and be bound by the limitations outlined herein, is unauthorized. This material
must not be copied, reproduced, distributed or passed to others at any time, in whole or in part, without the prior written consent of
Idinvest Partners.
Idinvest Partners specifically prohibits the redistribution of this material and accepts no liability whatsoever for the actions of third
parties in this respect.
Idinvest Partners
Nicolas Chaudron, Partner
nc@idinvest-partners.com
117 avenue des Champs Elysées, 75008 Paris, France tel. +33.1.58.18.56.56
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