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Tech City - NOAH15 London

Keynote by Gerard Grech, CEO of Tech City at the NOAH 2015 Conference in London, Old Billingsgate on the 12th of November 2015.

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Tech City - NOAH15 London

  1. 1. Why  London  &  the  UK?     Gerard  Grech,  CEO,  Tech  City  UK       1 @techcityuk  &  @gerardgrech       #NOAH15 Why  are  there  so  many  Tech  Unicorns       in  London  &  the  UK?       Gerard  Grech     CEO,  Tech  City  UK      
  2. 2. 2    Why  are  42%  of    European  ‘Tech  Unicorns’  in  the  UK?        
  3. 3. Who  we  are:  1.  programmes  |  2.  policy  convening  |  3.  advocacy     20,000  UK  sign-­‐ups   13,000+  in  training   -­‐  £791m  raised   -­‐  £1.1bn  on  the  LSE   -­‐  5  acquisitions   Annual  Research  Report   1.46m  employed  in  UK     50%  of  digital     companies  formed   >2008   Mentorship   programme  for  stage   A  businesses   Accelerating  digital   growth  in  North  of   England   Concierge  service   for  fast-­‐growth  US   tech  companies   Dedicated  Visa   Scheme  for  hiring   exceptional  talent   Alliance  between  the   UK’s  many  thriving   tech  clusters  
  4. 4. 3.  Creative  talent  &  critical  mass  of   expertise  in  various  sectors     1.  Smart  capital   2.  Strong  business  &  policy   environment   4.  Rich  ecosystem  &  connected   nation     4  key  growth  drivers  powering  London  &  UK’s  digital  economy  
  5. 5. Investment  in  London/UK  tech  companies  in  2014  is  20x  what  it  was  in  ‘10.     This  year  alone  (first  9  months):  $3.2bn  invested  ($2.2bn  in  2014)   VC  investment  in  London  tech   companies  is  20x  what  it  was  in  2010   UK  companies  raised  >30%  of  all   European  VC  money  in  Q4  ‘14   Source: CB Insights/London & Partners, 2015
  6. 6.   More  funds  now  exist,  opening  new  opportunities  and  securing  the   growth  potential  of  talented  teams    
  7. 7. 8 Policy  conditions  for  tech  growth  are  ripe:  end  to  end.   >£1Bn   >£1Bn   4.  Corp  Tax:  20%    (joint  lowest   in  the  G7)       1.  Seed  Enterprise  Investment   Scheme:  50%  relief  on  capital   gains  tax   3.  Visas:  Entrepreneurs’  Visa,   Tech  Nation  Visa   2.  R&D  Tax  Credits:  fueling   innovation         5.  London  Stock  Exchange   high  growth  segment  
  8. 8. 21   clusters  identified                           and  studied   companies  surveyed   nationwide   sectors     profiled   1.46m   employed  in  tech   across  the  UK   50%   of  digital   companies   founded  since   ‘08   Big  Data   Analysis:  47K     >250K   employed  in  tech   across  London   London’s  notable   strengths:     FinTech,  Data   Management  &   Analysis,  Marketplace,   E-­‐commerce,  Software   Development,  Creative   industries  (Eg.  music,   fashion)   2500+     London  &  >20  clusters  around  the  UK  make  up  1.46M  people  working    in   digital  industries     Core research partners:
  9. 9. Rich  Ecosystem:  Key  HQs,  >60  UK  tech  accelerators  &     >100  co-­‐working  spaces  &  50+  support  orgs      
  10. 10. 27   FUNDING   ROUNDS   £791  M     RAISED £1.18  Bn   RAISED  FROM  4  IPOs       5   ACQUISITIONS   In  the  last  22   months…
  11. 11. 15+SCALE  COACHES   6  MONTH  PROGRAMME   25  SCALING  TECH  COMPANIES     12+  ADVISORS   Launched  today   UpscaleUK.com  
  12. 12. 13  Has  this  presentation  been  helpful  in  understanding  why  42%   of    European  ‘Tech  Unicorns’  in  the  UK?      
  13. 13. Why  London  &  the  UK?     Gerard  Grech,  CEO,  Tech  City  UK       14 @techcityuk          |            @gerardgrech       #NOAH15             Thank  you,  enjoy  your  day!       Gerard  Grech,  CEO,  Tech  City  UK       Go  to  our  website:  Techcityuk.com    
  14. 14. Focus on Leading European Internet companies Covering over 400 companies across 25 online verticals, a broad range of over 500 investors as well as 100+ online-focused corporates Deep understanding of industry dynamics Ability to add value beyond banking advice Facilitates overall process and minimizes management distraction NOAH Advisors is globally well connected and has direct access to virtually all key players in the industry Knowledge of and strong relationships with potential buyers’ key decision makers Proactively finds and unlocks attractive investment opportunities for leading investors Annual NOAH Conference in its 8th year Over 40 years of combined relevant M&A experience Routine execution of M&A and financing transactions with sizes of several billion euros 22 successfully completed NOAH Advisors transactions underline successful transfer of M&A competencies to the Internet sector Entrepreneurial mind-set, focused on growing the business and establishing a reputation for excellence Ability to deliver top results in short time frames Highly success-based compensation structures align interests of clients and NOAH Advisors, and demonstrate conviction to deliver top results Creative deal solutions September 2015 December 2014 September 2014October 2014 May 2014 February 2013 May 2012 April 2011 Sale of a 70% stake in to Exclusive Financial Advisor to Drushim and its Shareholders Sale of 100% of for $800m to Exclusive Financial Advisor to Fotolia and the Selling Shareholders Sale of 100% of for €80m to Exclusive Financial Advisor to Trovit and its Shareholders Sale of controlling stake in to Exclusive Financial Advisor to Facile.it and its Shareholders sold 100% of for $228m to a joint venture between Exclusive Financial Advisor to Yad2 and its Shareholders Growth equity investment from for a 30% stake alongside Softonic’s Founders and Angel Investors at a valuation of €275m Exclusive Financial Advisor to Softonic and its shareholders 150 million growth equity investment from for a 50% stake alongside Fotolia’s Founders and Additional $150 million senior debt financing Total $300 million investment Financial Advisor to Fotolia and its Shareholders have acquired a majority stake in for $350m from Exclusive Advisor to Summit Partners and TA Associates Selected Completed NOAH Transactions Unique Industry Know-How Unmatched Network and Relationships Strong Investment Banking Competence Full Commitment - We Are Entrepreneurs! EUROPE’S LEADING INTERNET CORPORATE FINANCE BOUTIQUE ®

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