the listing sponsor advisor and supporter
DESCRIPTION
Antoine RIMPOT Chief Executive Officer - Avenir Finance Coporate. The Listing Sponsor Advisor and Supporter. Avenir Finance - Company Overview. French financial services company created in 1995, independent and listed on Euronext - PowerPoint PPT PresentationTRANSCRIPT
Antoine RIMPOT
Chief Executive Officer - Avenir Finance Coporate
The Listing Sponsor Advisor and Supporter
CONFIDENTIAL2
French financial services company created in 1995, independent and listed on Euronext
Offers high-value financial products and services to small & mid-cap companies, entrepreneurs and private individuals:
– Asset Management (multi management, private equity and real estate)
– Corporate Finance (IPO, M&A, Private Placement, LBO…)
– Private Banking
4 distribution channels: Internal network, Internet, IFAs and Partnerships (commercial banks, lawyers, private equity houses, auditors)
Avenir Finance - Company Overview
CONFIDENTIAL3
Alternext -The many advantages of going public
Monetize part of the assets
Give liquidity to the stocks
Keep independance
Unlock value over the time
Facilitate the transfer of ownership
For existing shareholders:
For the company:
Raise money for future developments
Increase visibility and name/brand awareness
Strengthen leadership positions
Use stock as an acquisition currency
Motivate employees and increase loyalty
CONFIDENTIAL
2314 19 18 23
12
7
24 22
32
51
20
0
20
40
60
80
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120
2002 2003 2004 2005 2006
AlternextEurolistMarché Libre
IPO’s are Back
106 IPOs on Euronext Paris ( + 78% vs 2005)
CONFIDENTIAL5
Alternext : Listing requirements
Listing conditions– Track record : 2 years
– Listing sponsor appointed
Two ways to be listed and traded on Alternext1. A public offering simultaneous to the listing, through the selling of existing shares
and/or news shares for a minimum free float of 2,5 M euros.
2. Complete a private placement in the 2 years preceding the listing on Alternext, the placement must :
1. Amount to at least 5M euros
2. Be distributed amongst at least 5 qualified shareholders
Public offeringAccess to retail and/or qualified investors
Private placementAccess to qualified investors only (min 5)
selling of existing shares and/or
news shares
2 years preceeding the listing
Minimum free float: € 2.5m Minimum placing: € 5m
Prospectus cleared by regulatorEU Prospectus Directive
Offering circularNot cleared by regulator; disclosures under
responsibility of the Listing Sponsor & Issuer
CONFIDENTIAL6
IPO Process - Overview & Timing
A FOUR step process
4 to 6 months minimum
1. PREPARATIONLegal, Audit accounts,
Business Plan
2. SELECTION OF THE PARTNERS
Lawyers, CAC, P&R Agency
3. INSTRUCTION REVIEWProspectus AMF
EURONEXT
4. LISTINGPricing
Road ShowPlacement/ Financial
ResearchCash In/ Listing
Avenir Finance Corporate manages the dynamic of the process and
advises the management during the IPO preparation
CONFIDENTIAL7
Placement, Book building, negociation, Trading
Placement, Book building, negociation, Trading
Private PlacementPrivate Placement
A major Small et Mid Caps Market Player
Liquidity ProviderLiquidity Provider Equity researchEquity research
BrokerageBrokerage
LBO / DebtLBO / Debt
IPO/ Capital marketIPO/ Capital marketM&AM&A
Corporate FinanceCorporate Finance
STEP 1
STEP 2
STEP 3
STEP 4
CONFIDENTIAL8
Avenir Finance
Corporate
Listing Sponsor
IPO Process - Our role: Advisor and Supporter
AMF EURONEXT
Auditors
PR Agency
Lawyers
Avenir Finance Brokerage
Avenir Finance Corporate: THE architect of your IPO
Converges all parties’ interest
Saves time
Allows management to focus on day to day business
CONFIDENTIAL9
AF Corporate – THE way to Alternext
Key expertise and know-how in mid cap companies
Full management of the IPO process thanks to an integrated offer : Corporate, financial research, placement
Well-known from market authorities (Euronext & AMF)
Strong relationships with institutional investors
Qualified and human size team, reactive and motivated
Long term partnership
Allows top management to focus on day to day business during the IPO process
CONFIDENTIAL10
Présence sur tout le segmentSmall & Mid Caps
Eurolist B
Eurolist C
Alternext
Marché Libre
Non coté
CONFIDENTIAL
Antoine RIMPOT – Chief Executive Officer Tel :01 70 08 08 [email protected]
Emmanuel DAMPOUX – Business Development ManagerTel :01 70 08 08 [email protected]
Contact