We always wish to be involved in a financing exercise from the outset, including the very crucial strategic planning/packaging stages upon which success so much depends.
Each financing project is handled by a dedicated team which works very closely with our client throughout the financing.
A typical work program for a private placement exercise in the international capital markets could include the following steps:
- strategic planning: project content, scope, strategy, targeting
- initial sounding out of possible investors
- completion of preparations: introductory materials, business plans, supplementary information; legal and accounting considerations; financial projections, valuation, pricing, etcetera
- initial discussions/meetings with possible investors; Q and A; further exchanges of relevant information; follow-on meetings and dialogues as appropriate
- negotiations (various aspects)
- due diligence (legal, accounting, other)
- Closing
An international financing exercise usually takes from 2-3 months, sometimes more, although we always try to escalate the decision making process as far as possible. Some international travel by our clients as well as ourselves is often called for.
Taishan Capital's working terms follow standard international practice in the corporate finance/investment banking industry, although our fees are much lower.