Page 9 - Praetura EIS 2019 Fund Information Memorandum
P. 9

Welcome Letter


                        Praetura Capital was the first of the Praetura companies to be          Businesses we look to back all provide access to recurring, high margin, revenue
                        incorporated in 2011. We completed our first investment, the            streams and the opportunity for operational leverage once scaled.  We are
                        acquisition and listing of Inspired Energy plc, in November of          prepared to back these inherently scalable business models early and we believe
                                                                                                that by making an early investment in a business, we are truly able to work with
                        that year.  Since then we have grown steadily and have made
                                                                                                driven management teams at the foundational stages of a business and support
                        a further 24 investments on behalf of our high net worth client
                                                                                                them in growing successful ventures.
                        base, investing c. £100m into start ups or early stage businesses.
                                                                                                With the Praetura EIS 2019 Fund we are targeting a capital raise of up to £15
                        We have evolved the group extensively to include investment, debt and lending
                                                                                                million which will be deployed across a diverse portfolio of 8-10 opportunities that
                        businesses and are now a diversified funding provider to SMEs. Praetura
                                                                                                have been carefully selected for their unique potential.
                        Ventures was recently established within the Group with the ambition to become
                        the leading venture capital business in the North West of England.
                                                                                                From this portfolio, we are targeting a return profile of 2x return on capital. We
                                                                                                believe this, combined with the tax reliefs available from an EIS structure and
                        We have built a highly experienced and reputable team within Praetura Ventures
                                                                                                the Praetura approach and track record, offers investors looking for meaningful
                        who bring with them in excess of 250 years of sector experience. We will be
                                                                                                capital growth investments, an attractive investment opportunity.
                        executing a differentiated strategy, investing predominantly outside of London and
                        providing a solution to the identified funding gap in the North West. This funding
                        gap has also been identified and is being addressed by the implementation of
                        Government initiatives to improve infrastructure and investment within the region;
                        Praetura is ideally positioned to benefit.

                        By providing genuine, unconstrained, venture capital to early stage businesses,
                                                                                                Mike Fletcher                 David Foreman
                        we have the opportunity to realise significant returns for investors.  We recognise
                                                                                                Praetura Group CEO            Praetura Ventures MD
                        the value in developing a genuine partnership with our portfolio companies,
                        working with them to overcome the myriad of issues that a young business
                        will inevitably face. We believe that this strong partnership built on trust and
                        transparency, alongside our supportive approach to investment, allows us to
                        maximise returns for our investors.
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