The initial approach will generally involve a brief abstract sent directly by e-mail. An initial decision is then taken quickly as to whether or not to take the contact further.

A complete business plan is then required before organising a presentation followed by discussions at our head office in Lestrem.

If the presentation goes off well, we enter a more in-depth phase, with meetings with the company’s management, requests for information and visits to offices or facilities. On completion of the examination of the application by the management of Roquette Ventures, the Investment Committee gives its formal decision on the investment application.

The process is completed by an investment offer. This will come in the form of a Term Sheet in which we will emphasise the main terms of the agreement. This sheet will include the details of the evaluation, the specific nature of the relationship and the rights and the responsibilities that we have with regard to one another as shareholders of the company.

This sheet provides a platform in which we will be in agreement on most of the key points of the deal so that the legal process can go ahead smoothly and efficiently for both parties.