EIS Fund Manager of the Year(2008)
Finalist (2009, 2011 & 2012)
7 portfolio companies in the SVC2UK ‘100
Club’ 2013
Equity...
Important notice
This presentation constitutes a financial promotion and is made by MMC Ventures Limited (“MMC”) of 2
Kens...
Our heritage
Page 3
Syndicate of experienced
High Net Worth business
angels
FCA authorisation
secured
EIS and non-EIS deal...
Investment Focus
Page 4
Focus on sectors where UK is a world leader with a deep pool
of expertise and talent available
Sec...
Investment stage
Page 5
Proof of
Concept
Seed
Stage
First
Round
Second
Round
Expansion
Capital
Major Scaling
Capital
Sourc...
Deal Flow
Page 6
Focus on fast developing businesses that we can fund along the growth curve.
Aim to invest £5-6m per comp...
Recent investments
Page 7
Multi-niche e-commerce business
focused on furniture retail
December 2013
Online home swapping
c...
Considered approach to management
Page 8
Across current portfolio:
• Average revenue growth: 5x
• Over 2,000 jobs created
...
Attracting co-investment
• We are getting industry recognition for our deals, attracting
generous co-investment. In 2013 a...
Outstanding team:
over 50 years of combined VC experience
Page 10
Bruce Macfarlane
Managing Partner
Former Managing
Direct...
MMC in a snapshot
Offers investors exposure to a portfolio of hard-to-access, fast growing
private UK companies, combining...
Page 12
Contact details
Anna Slemmings, Sales & marketing
Email: anna.slemmings@mmcventures.com
Tel: 020 7361 0221
Website...
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MMC Ventures Europas Slide Deck - 17.04.14

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MMC Ventures slide deck for Europas nomination

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MMC Ventures Europas Slide Deck - 17.04.14

  1. 1. EIS Fund Manager of the Year(2008) Finalist (2009, 2011 & 2012) 7 portfolio companies in the SVC2UK ‘100 Club’ 2013 Equity Gap Fund of the Year Shortlisted (2012 & 201313) 17th April 2014
  2. 2. Important notice This presentation constitutes a financial promotion and is made by MMC Ventures Limited (“MMC”) of 2 Kensington Square, London W8 5EP, a firm authorised and regulated by the Financial Conduct Authority (“FCA”). Prospective Investors are advised to consult their own independent financial adviser authorised by the FSA before contemplating any investment. Prospective investors should not regard the contents of this presentation as constituting advice relating to legal, taxation or investment matters and are advised to review the MMC EIS Fund Information Memorandum and to note the section headed Risk Factors when considering an investment. Whilst MMC has taken reasonable care to ensure that all the information in this presentation is materially accurate and not misleading, no representation or warranty, express or implied, is given by or on behalf of MMC as to the accuracy or completeness of the information or opinions contained in this presentation. Past performance is not necessarily a guide to future performance and may not be repeated. You should be aware that share values and income from them may go down as well as up and you may not get back all or any of the amount you originally invested. The information in this presentation makes reference to EIS relief, IHT relief and CGT Deferral relief. The tax reliefs are those currently available and may be subject to future change and their availability is dependent on upon the individual circumstances of each investor. Page 2
  3. 3. Our heritage Page 3 Syndicate of experienced High Net Worth business angels FCA authorisation secured EIS and non-EIS deals MMC launches EIS Fund EIS deals only MMC ECF raises £30m 10 year LLP incl. £20m from HMG and attracts endowments to MMC Co- Fund Co-invests with EIS Fund 2004 £14m MMC London Fund from Mayor of London Co-invests with EIS Fund 2000 20062002 2008 2010 2012 2014 MMC today: £130m+ of funds raised; £10m+ invested by team • Extensive due diligence by institutions and Government • Invest only on the commercial merits of the deal: we co-invest institutional and EIS money • Team has personal exposure to every EIS deal
  4. 4. Investment Focus Page 4 Focus on sectors where UK is a world leader with a deep pool of expertise and talent available Sector breakdown of current MMC investments (by number of companies) 19% 8% 12% 15% 23% 23% Business Services Financial Services Other Digital Media E-Commerce Business Software
  5. 5. Investment stage Page 5 Proof of Concept Seed Stage First Round Second Round Expansion Capital Major Scaling Capital SourcesofPrivate EquityFunding Founders, family, friends Accelerators Business angels & networks, seed funds Corporate venture funds IPO Page 5 Early stage VCs Growth VCs, private equity etc.
  6. 6. Deal Flow Page 6 Focus on fast developing businesses that we can fund along the growth curve. Aim to invest £5-6m per company over 2-3 rounds 1,000 plans reviewed 175 teams met 21 individual investment rounds (new & follow on) 14 year old network Proactive search for deals in chosen sectors Thorough filtering Huge bank of sector expertise Co-investments with international VCs – e.g. Bessemer Venture, Chernin Group ,Tiger Global In 2013
  7. 7. Recent investments Page 7 Multi-niche e-commerce business focused on furniture retail December 2013 Online home swapping community September 2013 An online marketplace to list, discover and book short-term retail space around the UK. November 2013 Cloud-based CRM software tool for recruitment services market March 2014 A recipe box business that delivers a weekly box of healthy, responsibly-sourced ingredients November 2013 A curated online-movie service catering to independent and art-house film enthusiasts March 2014 The UK's largest fitness network. February 2014 Europe's largest independent, full service mobile marketing specialist. February 2014
  8. 8. Considered approach to management Page 8 Across current portfolio: • Average revenue growth: 5x • Over 2,000 jobs created • Hands-on approach helps businesses build strong teams and drive good processes • Attract substantial follow-on funds from major global institutional VCs • Exit strategies explored and agreed from outset “For investors with an appetite for backing young growth companies, MMC EIS is one of the most experienced and responsible managers in this sector.” Allenbridge Tax Shelter Report (February 2013)
  9. 9. Attracting co-investment • We are getting industry recognition for our deals, attracting generous co-investment. In 2013 alone we attracted over $100 million in total investment into the portfolio. • During 2013 we invested in 18 companies, these deals attracted co-investment in every case, mostly from international institutional investors. “Recognition in the industry goes a long way to illustrating the great work we’ve been doing funding and supporting high-growth businesses. We’re demonstrating significant long-term value being built in our portfolio.” – Bruce Macfarlane, Managing Partner Page 9
  10. 10. Outstanding team: over 50 years of combined VC experience Page 10 Bruce Macfarlane Managing Partner Former Managing Director at Merrill Lynch. Bruce qualified as a barrister in London and an attorney in New York. Alan Morgan Chairman Alan spent 28 years at McKinsey & Co where he was head of the financial services practice in UK, Europe and the Middle East Jon Coker Partner Formerly of global leveraged fund team at JP Morgan. Jon has an MEng in Engineering Science from St Peters, Oxford University. Rory Stirling Partner Rory was in the UK M & A team at Greenhill & Co, before going on to found a start-up business in the social media space. Camilla Dolan Investment Manager Formerly Consultant and Case Team Leader at Bain & Co specialising in fin-tech. She has an MA in Law from Merton College, Oxford. Simon Menashy Investment Manager Previously senior consultant in the Strategy practice at Deloitte, working with media, telco and technology companies. Margaret Perchik Financial Analyst Has a BSc in Physics, completed a course in Financial Engineering taught by Columbia University professors and is training for her CFA I. Anna Slemmings Sales & Marketing Previously the marketing manager for a media production company and publisher of special interest reports for The Times. Venetia Kennedy Investor Support & Team Assistant Previously assistant at Oxygen, an insurance broker in the City. Victoria Ferguson Legal Counsel Victoria is a qualified solicitor. She was previously in private practice at the London offices of Jones Day.
  11. 11. MMC in a snapshot Offers investors exposure to a portfolio of hard-to-access, fast growing private UK companies, combining real capital upside potential with very generous tax incentives. Page 11  Experienced: founded in 2000 with c. £110m AUM  Dynamic: ranked 3rd most active early stage investor in the UK  Discerning: all new deals selected each year from massive deal flow  Focused: tech-enabled business in sectors where UK is a world leader  Engaged: active and supportive MMC involvement on every deal  Successful: strongly performing portfolio of 28 companies  Aligned: the team has invested over £10m across the portfolio
  12. 12. Page 12 Contact details Anna Slemmings, Sales & marketing Email: anna.slemmings@mmcventures.com Tel: 020 7361 0221 Website: www.mmcventures.com MMC Ventures Limited 2 Kensington Square London W8 5EP

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