Case Studies
Over the last 8 years CSS Partners has raised over £90 million.
CHARLES STREET SECURITIES INC EARLY STAGE GROWTH COMPANY FINANCINGS
| DATE | DETAIL | CAPITAL RAISED | PRICE |
| Mar-02 | EIS equity financing for start-up company with proprietary safety device for the commercial road transportation industry. | £1.0M | £1.00 |
| May-04 | Follow-on financing structured as a rights issue to existing shareholders | £0.75M | £0.25 |
| Oct-06 | Follow-on financing for continuing development of the company | £1.0M | £0.35 |
| Mar-08 | Follow on financing enabling company to start selling a second product-a TPMS device for HGVs | £0.65M | £0.25 |
| Jun-02 | Start up financing for an Irish financial (participation in services company a £1.0M financing) | £0.45M | £0.05 |
| Jul-04 | Offer to all CSS investors at £0.0775 per share - offer recommended by CSS | ||
| Feb-03 | Convertible loan notes 5% minimum rate and (participation in a £5.5M financing) interest linked to a hedge fund. Expansion capital for an AIM listed investment management company | £1.2M | |
| Dec-04 | Acquisition related placing via a “cash-box” structure | £1.0M | £0.63 |
| Aug-03 | 12% convertible loan notes for a restaurant chain to permit a 12 unit rollout | £0.95M | |
| May-04 | Follow-on financing. £500,000 Note Conversion and £550,000 EIS equity financing. | £0.55M | £0.25 |
| Jun-03 | Israeli based mobile enterprise software business. equity financing – financing of European expansion. £1.2M funded Oct 2003. | £1.7M | £0.94 |
| Apr-05 | Restructuring and rights issue (previously Porta Soft Plc) | £1.5M | £0.15 |
| Jan-07 | Follow on funding to facilitate an acquisition | £0.3M | £0.20 |
| Nov-07 | Follow on financing | £0.30 | £0.23 |
| Mar-04 | EIS equity financing for business with a proprietary digital signage device for the narrowcasting market | £1.0M | £0.50 |
| Mar-04 | EIS equity financing for innovative motor vehicle insurance product | £1.25M | £1.00 |
| Mar-04 | EIS equity financing for start up Scottish theme bar in Central London | £0.9M | £0.50 |
| Oct-05 | Follow-on financing. 8% Convertible Notes, converting at £0.75 per share. | £0.75M | |
| Jul-07 | Follow on financing to provide working capital and to test an international expansion strategy | £1.25M | £0.40 |
| Jul-04 | Equity financing and AIM listing of a Croatian casino group. | £1.3M | £0.23 |
| Jul-05 | Follow on equity financing for AIM listed Croatian tourism group | £0.11M | £0.10 |
| Sep-04 | Equity financing followed by AIM listing of Israeli based company with video compression technology permitting full motion video on mobile handsets for applications in the security industry. AIM Listing Dec 2004 | £2.5M | £0.65 |
| Aug-05 | Equity financing for Israeli company with innovative patented metals coating technology | £2.0M | £0.25 |
| Feb-06 | Follow-on equity financing for Israeli company with patented metals coating technology | £0.75M | £0.25 |
| Dec-06 | Follow-on placing of Ordinary Shares listed on OFEX | £0.3M | £0.15 |
| Mar-07 | Acquisition financing of $25 million US coatings business to accelerate rollout of Greenkote technology | £3.3M | £0.25 |
| Dec-07 | Follow on financing | £1.0M | £0.28 |
| Jun-08 | Follow on financing – issue of Secured Loan Notes | £3.0M | |
| Nov-05 | Equity financing for Italian company producing an innovative catalytic converter for industrial boilers | £1.3M | £0.09 |
| Jul-07 | Second round institutional placing | £1.5M | £0.20 |
| Jan-06 | First round financing for the development of the first UK Wimax network | £1.5M | £0.50 |
| Dec-06 | Second round financing for development of first UK Wimax network | £3.0M | £1.50 |
| May-06 | Pre IPO financing for internet billing company | £1.25M | 8% Conv Pref |
| Jun-06 | Placing of Ordinary Shares and re Listing on AIM | £1.25M | £0.04 |
| Aug-07 | First round equity financing for company with innovative production technology to manufacture optical transceivers | £1.5M | £0.50 |
| Nov-07 | First round equity financing for company developing spntronics based chip manufacturing technology | £1.5M | £0.66 |
| Jan-08 | Placing for AIM listed company | £1.0M | £0.16 |
| Jan-08 | Equity layer of a buyout of an electronics manufacturing business in Israel | £1.5M | £0.34 |
| Jan-08 | First round equity financing for Philippine gold mining resource | £1.5M | £0.50 |
| Oct-08 | Combination of equity and debt funding for start up company providing Trade Finance to importers and exporters | £2.0M | £0.20 |
| Nov-08 | Follow on financing | £2.0M | 8% Conv Pref |
| Dec-08 | Follow on equity financing | £2.0M | £0.24 |
| May-09 | Follow on equity financing | £2.0M | £0.15 |
| Jul-09 | Management buy-out of investment banking firm | £1.575M | Loan Notes and Partnership Shares |
| Jul-09 | Follow on EIS Equity Financing | £0.9M | £0.50 |
| Aug-09 | Combination of debt and discounted equity funding for AIM listed provider of Live Interactive Video Calling Software. | £1.7M | 8% Loan Notes and discounted equity |
| Aug-09 | Follow on EIS Equity Funding | £1.2M | £0.20 |
| Sep-09 | Follow on EIS equity financing | £0.9M | £0.50 |
| Dec-09 | Follow on financing | £1.25M | £0.38 |
| May-10 | Follow on financing | £1.2M | £1.00 |
| May-10 | Equity financing of internet TV middleware Company | £1.5M | £0.40 |
| TRANSACTION IN PROGRESS | |||
| May-10 | Follow on financng | £1.5M | £0.50 |
- Principal transactions via CSS Bridge Partners LP completed bridge loans/equity
- Completed placement transactions and transactions in progress – life sciences team
- Completed placement transactions and transactions in progress – property team
BACKGROUND TO CHARLES STREET SECURITIES, INC
Charles Street Securities Europe LLP (CSS) (CSS) is a private investment management and investment banking firm. The firm specialises in the financing of early stage companies offering significant growth potential.
FINANCING
Financings are conducted either through an affiliated principal investment vehicle CSS Bridge Partners LP, which specialises in interim financing and bridge loans or through distributed equity placement with clients of CSS and CSS Partners, generally documented with a full prospectus.
CSS typically works with its corporate clients until an exit is achieved through a listing or a trade sale. Follow-on financing is provided where necessary.
August 2007