Summary
This deliverable aims to debrief the due diligence elements of the blended finance proposed by the EIC Accelerator, with a special focus to understand those parameters (mainly financials) that may lead to a negative due diligence output. We will also keep duly into account the specific features of the equity investment process as performed by the new EIC Fund (the EC goal to mobilize additional investments; to take equity stake in situations when not sufficient capital is available on the market; potential co-investors are welcome; the non intrusive role in the daily management of the company; the exit strategies; etc.). Furthermore, the task will do a friendly approach for the main term sheet of any investment conducted under the EIC fund, including, where relevant typical range of values that can served SME as reference to approach with more confident to the equity part of the EIC Accelerator.
With this aim, as soon as the first of EIC Fund Due Diligence round will be completed, 10 successful (signing the agreement with EIC Fund) and 10 unsuccessful companies (non signing the agreement with EIC Fund) from at least 5 different Member States taking part in the due diligence process will be evaluated. The outcomes of a detailed questionnaire aimed to register current practices, assess performance (KPIs) and identify areas for improvement will be fused into a single report. Key advantages from the companies’ point of view will be analyzed and highlighted.
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