Page 59 - Praetura EIS 2019 Fund Information Memorandum

7 Prior to completion, a Deal Summary is produced and
submitted to the Investment Committee.

This includes:
• a summary of diligence outcomes;
• details of any bespoke or amended legal terms;
• updated Risk Register.

The Investment Committee approves the transaction and
we proceed to completion.

Legal documents are agreed and finalised in
6 line with the agreed Offer.

Legals
We work with two legal partners, Gateley PLC and Hill
Dickinson LLP, in respect of our legal documentation.

Diligence is co-ordinated by the transaction team. All engagements are
subject to detailed scoping based upon the Risk Register, Investment
5 Proposal and Investment Committee Minutes.
Diligence
Our diligence predominantly focuses on commercial aspects and will usually
involve externally commissioned customer referencing and technology diligence.
Financial diligence is often conducted internally. Legal diligence, focusing on
contracts and I.P. is undertaken by our partner legal providers, Gateley plc, Hill
Dickinson LLP or Wilson Gunn.