ITC Presentation to Intermediaries 26th November 2009 2009 ITC Powerscourt Dynamic Portfolio
New Environment National debt at 7.30am this morning is €74,636,824,000 What will it be at 9am?
Over exposure to property
Financial Planning Tax relief Asset class 50% better than AVC
Why BES? Tax relief between both parties (up to €300,000 in any one year). All income. On exit, tax is charged at CGT rate as opposed to income tax rate. Early access to cash, i.e. 6 year target investment. There are limited reliefs available going forward, Provides access to a private equity investment. The tax break reduces the sum at risk.
Why BES for you?
Access to an alternative source of business through meeting a client need
Helps to reduce the client’s effective tax rate
Provides a private equity investment play
Planning tool into a wider tax planning approach for the client
Why Portfolio Approach?
Collective negotiation and due diligence
Access to expertise in private equity
Provides the ability to win new clients
Clear alignment with investor
ITC is regulated by the Financial Regulator
Conor Moran Powerscourt Capital Partners
Private equity and venture capital boutique
Sean Melly and Conor Moran
Philosophy of transparency and partnership
Rigorous approach to investment analysis
Selection Process – 6 Steps Potential Investment Companies submitted through website - http://www.powerscourtcapital.ie/ Detailed review and for appropriate companies an invitation to pitch Clarification questions and additional meetings, if required Draft heads of agreement Due diligence Legals and investment completion