Norman Fraser Copyright © Angello Capital Partners LLP, 2011. All rights reserved.   1
Emerging Europe• Funding gap• Microfinance  – Small loans  – E.g. <$20,000• Bank loans  – Poverty trap, e.g. 150% collater...
Loan Scenario             Year 1               Year 2                           Year 3                        Year 4      ...
Equity Scenario              Year 1              Year 2                           Year 3                      Year 4     Y...
Angello Capital Partners• Transformational investment business• Equity investments• Targeting SME businesses              ...
Transformational Investment• Financial ROI  – Strong value growth  – Five year timeframe• Community ROI  – Job creation  –...
About AngelloPilot Project: Moldova      Copyright © Angello Capital Partners LLP, 2011. All rights reserved.   7
Republic of Moldova•   Population ~4 million•   Ex-Soviet•   Ethnically Romanian, Russian, Ukrainian•   GDP per capita    ...
Pilot Project•   Deploying £1,250,000•   4-6 SME investments•   £100,000 - £300,000•   Pipeline    – Green agriproducts   ...
Moldovan Prospects• “Moldova’s growth trends in 2011 are among  the most impressive in Europe” (UNDP)• GDP growth  – 2010 ...
What’s next?Copyright © Angello Capital Partners LLP, 2011. All rights reserved.   11
To become so successful that our best    people will leave to start great  companies to compete against us          Copyri...
1,200 ICT companies29 medium-to-large software companies         40,000 people (1%)             10% of GDP          Copyri...
14
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TBN Members Day 2011 - Norman Fraser - Angello capital partners [case study]

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Norman talked about the funding gap in emerging Europe and the potential poverty trap many entrepreneurs can find themselves in. Angello Capital Partners target SMEs and is already investing in businesses in Moldova.

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TBN Members Day 2011 - Norman Fraser - Angello capital partners [case study]

  1. 1. Norman Fraser Copyright © Angello Capital Partners LLP, 2011. All rights reserved. 1
  2. 2. Emerging Europe• Funding gap• Microfinance – Small loans – E.g. <$20,000• Bank loans – Poverty trap, e.g. 150% collateral required – Expensive, e.g. double digit interest – Non-viable for some business models Copyright © Angello Capital Partners LLP, 2011. All rights reserved. 2
  3. 3. Loan Scenario Year 1 Year 2 Year 3 Year 4 Year 5Loan $200,000Interest 9%Year 3Income $10,000 $25,000 $45,000 $80,000 $110,000Capex $140,000Opex $40,000 $40,000 $40,000 $40,000 $40,000Repayment $81,917 $75,917 $69,917Cash ($51,917) ($142,833) ($207,750) ($167,750) ($97,750) Copyright © Angello Capital Partners LLP, 2011. All rights reserved. 3
  4. 4. Equity Scenario Year 1 Year 2 Year 3 Year 4 Year 5Investment $200,000Income $10,000 $25,000 $45,000 $80,000 $110,000Capex $140,000Opex $40,000 $40,000 $40,000 $40,000 $40,000Cash $30,000 $15,000 $20,000 $60,000 $130,000 Copyright © Angello Capital Partners LLP, 2011. All rights reserved. 4
  5. 5. Angello Capital Partners• Transformational investment business• Equity investments• Targeting SME businesses Copyright © Angello Capital Partners LLP, 2011. All rights reserved. 5
  6. 6. Transformational Investment• Financial ROI – Strong value growth – Five year timeframe• Community ROI – Job creation – Training & development – Micro economy impact – Ethical practices Copyright © Angello Capital Partners LLP, 2011. All rights reserved. 6
  7. 7. About AngelloPilot Project: Moldova Copyright © Angello Capital Partners LLP, 2011. All rights reserved. 7
  8. 8. Republic of Moldova• Population ~4 million• Ex-Soviet• Ethnically Romanian, Russian, Ukrainian• GDP per capita – Lowest in Europe – 174th in the world• Traditionally agricultural – Now dysfunctional Copyright © Angello Capital Partners LLP, 2011. All rights reserved. 8
  9. 9. Pilot Project• Deploying £1,250,000• 4-6 SME investments• £100,000 - £300,000• Pipeline – Green agriproducts – Food processing – Logistics – Business services Copyright © Angello Capital Partners LLP, 2011. All rights reserved. 9
  10. 10. Moldovan Prospects• “Moldova’s growth trends in 2011 are among the most impressive in Europe” (UNDP)• GDP growth – 2010 = 6.9% – Early 2011 = 8.4%• Legislation Copyright © Angello Capital Partners LLP, 2011. All rights reserved. 10
  11. 11. What’s next?Copyright © Angello Capital Partners LLP, 2011. All rights reserved. 11
  12. 12. To become so successful that our best people will leave to start great companies to compete against us Copyright © Angello Capital Partners LLP, 2011. All rights reserved. 12
  13. 13. 1,200 ICT companies29 medium-to-large software companies 40,000 people (1%) 10% of GDP Copyright © Angello Capital Partners LLP, 2011. All rights reserved. 13
  14. 14. 14

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