Example PPM and Term Sheet

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March 26, 2020

by a searcher from INSEAD in Vancouver, BC, Canada

Hi, I am creating a deck and PPM to raise the initial search capital for a search fund. If anyone has any example pitch decks, PPMs and/or term sheets that they could share, it would be greatly appreciated!!

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Reply by a searcher
from INSEAD in Vancouver, BC, Canada
Thanks Chris. I have seen this but the devil is in the detail in these type of contracts. Specifically, it's not clear the exact rights of search-stage investors (i.e. if they choose not to invest in the acquisition or the investment right that each search unit provides), cumulative preferred return mechanism, non-dilution rights, etc. My impression is that there is a market standard in the search fund community but the detail really isn’t clear in this overview.
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Reply by a searcher
in Los Angeles, CA, USA
Simran; are you looking for a LOI template? The Stanford primer has an example for both Stock and asset purchases. Sites like Lawinsider.com can give you an idea of what a completed LOI could look like for context. I recommend speaking with your attorney for any specific details relating to the particulars of any deal.
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