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Investment Process
_Typically, the investment process runs over a period of maximal
three to four months with the following steps:
_Along with an investment request we expect a brief business plan
or an executive summary to judge whether the company fits within
the investment focus of AdAstra. If this is the case, we will ask
the company to submit a detailed business plan. Generally, we are
prepared to sign the enclosed confidentiality agreement.
_During intense discussions with the management we evaluate the
business model and company strategy. Together with existing
shareholders we develop a potential participation model including
valuation and participation structure.
_After submitting the term sheet / LOI we will be granted exclusivity
for a defined period of time and will perform the due diligence
(business, financial, tax, technical, legal, etc.). In case of a positive
outcome the participation agreement will be finalized. The investment
decision-making body of AdAstra is its management team.
_During the contractual implementation we sign the purchase and
participation agreements. At the same time the partnership and
syndicate agreements are amended to provide for e.g.
supervisory or advisory board seats for AdAstra. Finally, the
reporting to Adastra is defined.
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