Altera Capital is an independent investment banking boutique based in London and Zagreb, focused on advising clients in South East Europe. They provide a full range of investment banking services including mergers and acquisitions advisory, capital raising, and financial restructuring. Altera Capital is staffed by experienced professionals from top international institutions and has executed over 140 transactions totaling over €19 billion. The document discusses different stages of company development and associated sources of financing, including seed funding, venture capital, private equity, and accessing public capital markets.

1. Other options and funding opportunities supporting entrepreneurship
STRICTLYPRIVATEANDCONFIDENTIAL

2. 1
Introduction to Altera Capital
Altera Capital is an independent investment banking boutique based in London and Zagreb,
primarily focused on South East Europe
A team of senior investment and corporate finance executives
 Partners’ backgrounds include experience with top-tier international institutions such as Deutsche Bank, J.P. Morgan,
Lazard, EFG-Hermes, EBRD and Actis
 Extensive senior level corporate and investor networks coupled with profound understanding of regional business
environment and access to key decision makers
Proven track record
 The Partners have cumulatively executed over 140 transactions valued in excess of €19bn
 Joint experience of 67 years across a variety of roles, sectors and deal types
Altera’s commitment
 Bespoke highest quality financial advice and transaction execution expertise typically associated only with top-tier
investment banks
We cover the full spectrum of investment banking services
Corporate Finance:
M&A and Strategic
Advisory
Capital Raising:
Debt and Equity
Raising
Financial
Restructuring and
Special Situations

3. 2
Stages of Company Development
Sizeoforganisation
LargeSmall
Age of organisation
MatureYoung
Growth
through
creativity
Growth
through
direction
Growth
through
delegation
Growth
Through
coordinati
on
Growth
through
collaborati
on
 Business and organisational growth is key to success, and needs to be closely coordinated with
appropriate financing structures

4. 3
Stages of Financial Development and Sources of Financing
Angels, FFF
Seed Capital
Break-even!
Venture Capital
Early Stage
1st round
2nd round
3rd round
Later Stage
Valley of Death
Revenue/CashFlow
Private Equity / Debt
Access to Public
Equity Markets /
Debt
Mature
FFFs, CRANE, EU
Could be of
assistance:
BICRO, Institut Ruder
Boskovic
VC rounds: no
proper VC funds in
Croatia
Need to target
industry specific
VC funds (mainly
in Europe and USA)
Private Equity Rounds
Croatian FGS funds: Prosperus,
Nexus, Quaestus, Aternative
Other regional: Blue Sea Capital,
Badminster, Bancroft…
Public Capital
Markets
Initial Public
offerings
(Zagreb, Vienna,
Warsaw)
Potentialsources
offunding
Target
returns
??? 50-70% p.a. 20-30% p.a. 5-15% p.a.