Pathway Map
INVESTOR
Deal close overview.
At this stage, investors will be keen to ensure that the investment takes place within the timeframe they have been briefing founders for several weeks. The company’s advisers should have been driving the final stages of negotiation and liaising with all of the investment team to coordinate completion timings.
Licence and/or corporate bible execution and completion
The company’s legal advisers will notify all parties of the details for the completion board meeting.
By this stage, the lead manager or director from the investor side, who has been responsible for progressing the investment process, would typically be appointed as a company director as part of the completion steps.
At the board completion meeting, the lead investor representative is responsible for:
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ensuring that all agreements are properly signed by authorised senior management
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coordinating the transfer of investment funds at the appropriate time, and keeping all parties updated on the status of fund transfers
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formally accepting their appointment as a company director, where applicable.
Investor approval
Legal counsel agreement will be needed for the final deal documentation set, on the terms agreed by investment committee.
Invested and licensed spin-out company
Once deal completion has taken place, then some key steps or tasks may still be required to ensure all arrangements are meticulously finalised, such as:
| Activity: | Who Responsible: |
|---|---|
| • Issue of relevant share certificates to new shareholders, update share register, Companies House filings, | Company |
| • If founders are moving (full-time or part-time) into the spin-out, ensure university employment contracts are appropriately amended | Founder/ University line management/ HR |
| • If any founders remain within the university, then formal Conflicts of Interest will be evaluated and a Conflicts of Interest (COI) Management Plan put in place | TTO (lead advisory) – founder/ University line management |
