The investment process
Investment decisions at Tate & Lyle Ventures are made directly within our management team. We aim to make clear and timely decisions so that management teams who approach us can get on with building the business whatever the outcome. In cases where we choose not to pursue an investment we aim to provide useful and honest feedback as to why we have reached that decision.
The first point of contact will usually be a brief executive summary sent directly via email to Simon Barnes or David Atkinson after which we will usually request a full business plan and organize for management teams to present to us here at our offices in London. Initial presentations last for approximately 30 minutes with around 30 minutes of discussion. This is a key step in our investment process – we back management teams not just good ideas.
Assuming the presentation goes well, we will enter a more detailed due diligence phase – usually consisting of additional meetings with management, requests for information and a visit to your offices or facility. We are aiming throughout to keep the process open and constructive – this is after all the beginning of a long and hopefully successful partnership.
Preparing for the investment process
Management teams preparing to submit proposals to Tate & Lyle Ventures should first of all make sure their business opportunity is within our scope, geographic focus and ideal size of investment. For start up ventures it is not necessary for you to produce extensive legal documentation – or even set up a company – this is something we can work on together as the deal progresses.
The Deal
Our due diligence process culminates with an offer to invest. This will come in the form of a detailed term sheet in which we will outline the key terms of the investment agreement with us. The term sheet will include details of valuation, an outline of how we will interact with you and the rights and responsibilities we have toward each other as shareholders in the business. The term sheet provides the platform on which we will agree most of the key terms in the deal so that the legal process going forward is efficient and smooth for both of us.