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Symfonie Angel Ventures - Prague Class 2013

Symfonie Angel Ventures - Prague Class 2013

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Published by Symfonie Capital
Angel investment partnership. Prague Class 2013 launched in co-operation with Pavel Kohout of Partners Advisors and Michal Pajr of CQK Holdings.
Angel investment partnership. Prague Class 2013 launched in co-operation with Pavel Kohout of Partners Advisors and Michal Pajr of CQK Holdings.

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Categories:Business/Law
Published by: Symfonie Capital on Jul 26, 2013
Copyright:Attribution Non-commercial

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11/07/2013

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London: 16 High Holborn, London, WC1V 6BX
Prague: Klimentská1216 / 46, 110 02, Praha 1
 T: +44 20 8616 7311 F: +44 20 8616 7499T: +420 222 191 008 F: +420 222 191 200
This publication has been prepared by Symfonie Capital, LLC (Symfonie) for information purposes only. It is not an offer or solicitationfor the purchase or sale of any financial instrument. Reasonable care has been taken to ensure that the information contained herein isnot untrue or misleading, but no representation is made as to its accuracy or completeness. This document is confidential andproprietary to Symfonie. Transmission or publication of this document without the express prior consent of Symfonie is strictly prohibited.Symfonie Capital reserves all legal rights in connection with the publication of this document. ©Symfonie Capital 2013.
SYMFONIE ANGEL VENTURES, LP
 A private equity
fund
PRAGUE CLASS 2013 INTERESTSINVESTMENT PRINCIPALSMichael Pajr, Partner, CQK Holding, a.s.JitkaRombová, CQK Invest, a.s.Pavel Kohout, Partners Financial Services, a.s.Michael Sonenshine, Symfonie Capital
 
Private and conditional. Unauthoriseddistribution strictly prohibited. ©2013 Symfonie Capital LLC2
Proven Success from Applying Fundamentals
Symfonie Angel Ventures, LP seeks to identify and invest in start-up and early stagecompanies, mainly in Central and Eastern Europe. Our Prague based team is uniquelypositioned to find good companies, know the management well and work with them to addvalue. We want to exit within five years and with at least 4X what we invest.
According to a study done by Ewing Marion Kauffman Foundation and the Angel CapitalEducation Foundation success is linked to certain fundamentals:
Research and Due Diligence
-The exits where investors spent more than 40 hours doingdue diligence (the top quartile) experienced a 7.1X multiple.
Experience
-Investment multiples were twice as high for investments in ventures connectedto investors’industry expertise.
 Active participation
-In the data collected for this study, angel investors who interacted withthe venture a couple of times per month spent time mentoring, coaching, consulting with andmonitoring the companies in which they invest. These angel investors experienced an overallexit multiple of 3.7X in four years –i.e. 45% annual returns.
Source: Boeker& Wiltbrook, “Returns to Angel Investors in Groups”, 2007. Ewing Marion Kauffman Foundation, Angel Capital Education Foundation
 
Private and conditional. Unauthoriseddistribution strictly prohibited. ©2013 Symfonie Capital LLC3
Objective & Structure
Generate net investment returns of at least 35% per annum
2% management fee, 15% of realized performance over and above 8%per annumhurdle
Exit investments in 3 –5 years at exit multiples of at least 3X initial investment
Make direct investments in start-up or early stage growth companies
Add value by working closely with management
Prague Partners Class 2013 will invest up to CZK 100 mnin 8-15 companies
Additional classes planned as pipeline grows
US Limited Partnership –non-taxable for non-US residents

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