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The Stirling Mercantile capital raising process follows these steps:
- We meet with the client to determine financing
requirements and business goals.
- A business plan, historical financial statements
and pro formas are reviewed by Stirling to determine if the
company has the capability of raising the proposed financing.
- Stirling always performs a ”no names” pre-marketing
exercise (with the client’s agreement) to determine the interest
level among selected investors.
Upon acceptance of an assignment, Stirling will present the client
with an engagement letter which will outline the scope of the
assignment, the responsibilities of the parties, limitations, term,
fees and billings and any other pertinent matters.
Stirling will then commence a due diligence review of the client
that will form the basis for selling documents and financial
forecasts upon which the financing will be accomplished.
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The due diligence brief is reviewed with the client, revised as
necessary and presented to appropriate investing institutions and
companies.
A
work fee will be charged to cover the costs of preparing these
documents and to ensure a financial commitment on the part of the
client. Stirling and the client agree on the preferred deal
structure in advance and this becomes part of the document.
Raising capital in private markets is a detailed and time consuming
process and clients should expect most cases to take 90 + days from
engagement to funding, subject to timeliness of the receipt of
information.
This process ensures that our clients receive a positive exposure to
a group of pre-qualified potential investors. The result is a
bidding process that will yield the most favourable pricing and
terms in a fast and cost-effective manner. |
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