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Solving the Value Equation

What Do I Need
To Know To
Expand & Why?

When considering expansion, this is what you need to know:
Growth Capital Options
Strategic Alternatives
State Government Initiatives, Programs
Local Tax Rules & Implications
Corporate Development Options
M&A Forecast & Valuations Forecast
Financing Unit Economics

Business Economic Cost Factors
Industry Macroeconomic Factors
Workforce Competencies
Workforce Labor Supply
Human Capital Supply Chain
Labor Costs Market Analysis
Job & Local Community Contacts

For a detailed overview of your growth options, contact Ephor

Solving the Value Equation
ephor@ephorgroup.com
214.702.6427
24 E. Greenway Plaza, Ste. 400
Houston, TX 77046
www.ephorgroup.com

www.ephorgroup.com

©Copyright 2014 Ephor Group, LLC. All Rights Reserved.

2
Solving the Value Equation

What Are My Best
Growth Strategy
Options?

For a no obligation overview of the options in your sector, contact Ephor

Solving the Value Equation

ephor@ephorgroup.com
214.702.6427
24 E. Greenway Plaza, Ste. 400
Houston, TX 77046
www.ephorgroup.com

www.ephorgroup.com

1

©Copyright 2014 Ephor Group, LLC. All Rights Reserved.
Solving the Value Equation

Copyright Notice
Ephor reserves all copyright and intellectual property rights to the services, content, information and data in this document. The
contents in the document are protected by copyright and no part or parts hereof may be modified, reproduced, stored in a retrieval
system, transmitted (in any form or by any means), copied, distributed, published, displayed, broadcasted, hyperlinked, used for
creating derivative works or used in any other way for commercial or public purposes without the prior written consent of Ephor.

Use of Information

The contents of this document are provided to you for general information only and should not be used as a recommendation or
basis for making any specific investment, business or commercial decision. These pages should not be construed as a
recommendation, an offer or solicitation for the subscription, purchase or sale of the securities, and specifically funds or any
investment products, mentioned herein, or, in any jurisdiction to any person to whom it is unlawful to make such an invitation or
solicitation in such jurisdiction. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss
arising whether directly or indirectly as a result of you acting based on this information. All Limited Partner commitments must be
made via fund subscription agreements. You should read the subscription agreements before deciding to subscribe for units in the
respective fund. A copy of the agreements can be obtained from Ephor. Investments are subject to investment risks including the
possible loss of the principal amount invested. The value of the units in any fund and the income from them may fall as well as rise.
If the investment is denominated in a foreign currency, factors including but not limited to changes in exchange rates may have an
adverse effect on the value, price or income of an investment. Past performance figures as well as any projection or forecast used
in this document, are not necessarily indicative of future or likely performance of any investment products. The information
contained in these pages is not intended to provide professional advice and should not be relied upon in that regard. It also does
not have any regard to your specific investment objective, financial situation and any of your particular needs. You may wish to
obtain advice from a qualified financial adviser, pursuant to a separate engagement, before making a commitment to purchase any
of the investment products mentioned herein. In the event that you choose not to obtain advice from a qualified financial adviser,
you should assess and consider whether the investment product is suitable for you before proceeding to invest and we do not offer
any advice in this regard unless mandated to do so by way of a separate engagement. You are advised to read the Applicable
Conditions governing the fund and the relevant Risk Disclosure Statement, if any, carefully before investing in any of our products.
The contents of this document, including these terms and conditions, are subject to change and may be modified, deleted or
replaced from time to time and at any time at the sole and absolute discretion of Ephor.

Timeliness, Accuracy and Completeness of Information
In particular, we assume no responsibility for or make any representations, endorsements, or warranties whatsoever in relation to
the timeliness, accuracy and completeness of any services, content, information and/or data contained in this document, whether
provided by us, any content providers or third parties.

No Warranties

While every care has been taken in preparing the contents contained in this document, such contents are provided to you “as is”
and “as available” without warranty of any kind either express or implied. In particular, no warranty regarding non-infringement,
security, accuracy, fitness for a particular purpose is given in conjunction with such contents. Ephor, their directors, officers,
associates, agents and affiliates make no representations, endorsements or warranties of any kind about the services, content,
information and/or data contained in this document.

www.ephorgroup.com

©Copyright 2014 Ephor Group, LLC. All Rights Reserved.

3

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2014 Growth Capital Call to Action for Strategy Expansion

  • 1. Solving the Value Equation What Do I Need To Know To Expand & Why? When considering expansion, this is what you need to know: Growth Capital Options Strategic Alternatives State Government Initiatives, Programs Local Tax Rules & Implications Corporate Development Options M&A Forecast & Valuations Forecast Financing Unit Economics Business Economic Cost Factors Industry Macroeconomic Factors Workforce Competencies Workforce Labor Supply Human Capital Supply Chain Labor Costs Market Analysis Job & Local Community Contacts For a detailed overview of your growth options, contact Ephor Solving the Value Equation ephor@ephorgroup.com 214.702.6427 24 E. Greenway Plaza, Ste. 400 Houston, TX 77046 www.ephorgroup.com www.ephorgroup.com ©Copyright 2014 Ephor Group, LLC. All Rights Reserved. 2
  • 2. Solving the Value Equation What Are My Best Growth Strategy Options? For a no obligation overview of the options in your sector, contact Ephor Solving the Value Equation ephor@ephorgroup.com 214.702.6427 24 E. Greenway Plaza, Ste. 400 Houston, TX 77046 www.ephorgroup.com www.ephorgroup.com 1 ©Copyright 2014 Ephor Group, LLC. All Rights Reserved.
  • 3. Solving the Value Equation Copyright Notice Ephor reserves all copyright and intellectual property rights to the services, content, information and data in this document. The contents in the document are protected by copyright and no part or parts hereof may be modified, reproduced, stored in a retrieval system, transmitted (in any form or by any means), copied, distributed, published, displayed, broadcasted, hyperlinked, used for creating derivative works or used in any other way for commercial or public purposes without the prior written consent of Ephor. Use of Information The contents of this document are provided to you for general information only and should not be used as a recommendation or basis for making any specific investment, business or commercial decision. These pages should not be construed as a recommendation, an offer or solicitation for the subscription, purchase or sale of the securities, and specifically funds or any investment products, mentioned herein, or, in any jurisdiction to any person to whom it is unlawful to make such an invitation or solicitation in such jurisdiction. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of you acting based on this information. All Limited Partner commitments must be made via fund subscription agreements. You should read the subscription agreements before deciding to subscribe for units in the respective fund. A copy of the agreements can be obtained from Ephor. Investments are subject to investment risks including the possible loss of the principal amount invested. The value of the units in any fund and the income from them may fall as well as rise. If the investment is denominated in a foreign currency, factors including but not limited to changes in exchange rates may have an adverse effect on the value, price or income of an investment. Past performance figures as well as any projection or forecast used in this document, are not necessarily indicative of future or likely performance of any investment products. The information contained in these pages is not intended to provide professional advice and should not be relied upon in that regard. It also does not have any regard to your specific investment objective, financial situation and any of your particular needs. You may wish to obtain advice from a qualified financial adviser, pursuant to a separate engagement, before making a commitment to purchase any of the investment products mentioned herein. In the event that you choose not to obtain advice from a qualified financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest and we do not offer any advice in this regard unless mandated to do so by way of a separate engagement. You are advised to read the Applicable Conditions governing the fund and the relevant Risk Disclosure Statement, if any, carefully before investing in any of our products. The contents of this document, including these terms and conditions, are subject to change and may be modified, deleted or replaced from time to time and at any time at the sole and absolute discretion of Ephor. Timeliness, Accuracy and Completeness of Information In particular, we assume no responsibility for or make any representations, endorsements, or warranties whatsoever in relation to the timeliness, accuracy and completeness of any services, content, information and/or data contained in this document, whether provided by us, any content providers or third parties. No Warranties While every care has been taken in preparing the contents contained in this document, such contents are provided to you “as is” and “as available” without warranty of any kind either express or implied. In particular, no warranty regarding non-infringement, security, accuracy, fitness for a particular purpose is given in conjunction with such contents. Ephor, their directors, officers, associates, agents and affiliates make no representations, endorsements or warranties of any kind about the services, content, information and/or data contained in this document. www.ephorgroup.com ©Copyright 2014 Ephor Group, LLC. All Rights Reserved. 3