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1)
Screening:
Business opportunities are
screened based on the basic data
provided to decide on their fit
with the Fund's general
investment guidelines and
criteria. In this phase the
business concept is examined,
along with the basic financial
requirements, regulatory issues
and relevant
experiences/competencies of
management team. |
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2) Initial
Evaluation:
Business plans is
examined in detail
by the appraisal
team. Additional
information might be
required and basic
research is
conducted to assess
the opportunity from
the legal,
financial, technical
and operational
aspects. |
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3) Negotiating
Investor Terms:
Term Sheets are
developed setting
forth the basic
terms and conditions
under which an
investment will be
made. |
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4)
Investment Approval:
The Investment
Committee is
responsible for
approving all
investment and
divestment decisions
as recommended by
the Fund Manager
(EFG-Hermes). This
committee consists
of five members:
three from
EFG-Hermes, one from
MCIT, and one from
Telecom Egypt. |
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5)
Due-Diligence:
All the details of
the business come
under scrutiny and
are examined and
refined by the
appraisal team. The
due-diligence is
only conducted once
the business has
been approved for
investment in the
earlier phase. Once
the due-diligence
confirms and
verifies the
required
info/details, the
process of
finalizing and
closing the deal
begins. |
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6)Funding:
Funding occurs after
there has been
enough interest
generated through
dinner meetings and
internal
communication from
the entrepreneur and
deal lead.
|
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The
whole evaluation
process usually
takes between 6-12
weeks - until deal
closure - and the
entrepreneurs are
actively engaged in
all the phases of
the evaluation. |
