Date post: | 20-Jun-2015 |
Category: |
Economy & Finance |
Upload: | tbli-conference |
View: | 704 times |
Download: | 5 times |
Venture Philanthropy and Impact Investing
1
TBLI
November 16th 2010
Olivier de Guerre
CEO PhiTrust Partenaires
2
Table of content
What is a social investor?
What is a social entrepreneur?
What is a social entreprise?
The stages of social investing
PhiTrust Partenaires’ portfolio
3
What is a social investor?
An investor who finances and accompanies social economy projects
with a measurable social and/or environmental impact
4
Regular companies
Companies with a social goal that are financially viable
Dividends distributed
Companies with a social goal that are financially viable
No dividends
Not – for profit organizations
Seeking financial return
Seeking social return
Investment spectrum
Associations, foundations…
Cooperatives… Public limited companies…
Phitrust Partenaires’ target
Phitrust Foudation target
5
What is a social entrepreneur?
A social entrepreneur
Bagore BathilyFounder and CEO of « La Laiterie du Berger »
6
What is a social entreprise?
A non-listed company
With a Business Model - Financially sustainable,- In the medium or long term
With Measurable objectives:- Social- Environmental
7
What is a social entreprise?
An hybrid business model
Its main activity - is Profitable- and Financially sustainable
Support, training …- Is not Profitable- must be financed by Grants/ probono,
The stages of social investing
Project selection: audit, review by an Investment Committee made up of experienced professionals and entrepreneurs
Financing decision taken by the Investment Committee
Strategic and tecnical accompaniment by an Investment Committee expert
The company regularly reports on its activity, along with its financial, social and/or environmental impact
An exit strategy is considered
9
Portfolio overview
Company Aim Social impact Coverage
Production and distribution of fairetrade products 46 local coops Global
Green search engine financing not for profit organizations
101 K€ raised for not for profit organizations France
Job access for the handicaped through progressive integration
+ 320 blind people employed Global
Job access for the psychologically handicaped through reconditioning of IT equipment
46 handicapped workers France
Green business centres for not for profit organizations
44 hosted not for profit organizations Europe
The only SME investor today in French speaking Africa
14 M€ invested Africa
Dairy product production in Senegal 800 supported cattle herders Senegal
Social reintegration through employment + 247 integrating jobs France
Production and distribution ofsafe and affordable drinking water
15 millions packets sold Cameroun
Energy efficiency in houses and buildings + 2 000 buildings equipped France
10
Portfolio overview
Company Invested (K€) Additional needs (K€) Potential impact
528 1 000 – 2 000Double the amount of producers and enlarge the
company’s African presence
200 1 000Enlarge the reach to multiply donations by five
Recrute 2 000 additional organizations Open the service in Italy, Spain, …
253 500 Development of franchises abroad
266 500 – 1 000Satellite development in Lille, Lyon, Toulouse and
Marseille (300 jobs over 3 years)
530 500 – 1 000 Buisness centre development in France and Europe
500 1 000 – 4 000Investment needs identified in 10 additional African
countries
161 300 – 500 Development of a sales channel
500 1 000Satellite development in additional regions (extension plan
in three additional rgions)
76 100 - 200 Production capacity increase
250 1 000 – 2 000 Accompany development
3 264 6 900 – 13 200
11
Ecodair
11
Company profile Social and financial impact
• Social re-integration through employment
• Job access for the psychologically handicapped through reconditioning of IT equipment
• Entrepreneur: Hervé Baulme
2008 2009
12 employees 12 employees
38 handicapped workers
46 handicapped workers
Sales: 354 K€ Sales: 445 K€
Net Income: 15 K€
Net Income: - 9 K€
2010 objectives
Stabilize the model in Ile de France (Paris region)
Possible exit strategy
Sale to an IT or job access player
12
La Varappe
12
Company profile Social and financial impact
• Social reintegration through employment
• Assignments or subcontracting for major industrial players
• Multisectoral activity
• Entrepreneur: Laurent Laik
2007 2009
+ 109 integrating jobs
+ 247 integrating jobs
Sales: 4,7 M€ Sales: 6,2 M€
Net Income: 71 K€
Net Income: 38 K€
2010 objectives
Consolidate and develop capacity in new sectors
Possible exit strategy
Sale to an industry player
13
Dialogue Social Entreprise
13
Company profile Social and financial impact
• Developing social consciousness regarding handicap
• Exhibitions and workshops for companies
• Job access for the handicapped through progressive integration
• Entrepreneur: Andreas Heinecke
2009
+ 320 blind persons employed
Sales: 1 106 K€
Net Income:-93 K€
2010 objectives
Rationalize and harmonize practices Franchise development abroad
Possible exit strategy
Founding group buyback
14
Laiterie du BergerCo-investment with Danone and I&P
14
Company profile Social and financial impact
• First industrial dairy factory in Fula country (Senegal)
• Milk collection from 800 semi-nomatic Fula cattle herders
• Nutritional dairy products with strong market penetration
• Entrepreneur: Bagore Bathily
2008 2009
600 herders 800 herders
Sales: 614 K€ Sales: 891 K€
Net Income: - 533 K€
Net Income: - 646 K€
2010 objectives
Offering update with the launch of a new dairy product line: Dolima (launched in August 2009 – very positive reception)
Possible exit strategyFounding shareholder buy-back or sale to a leading industrial player
15
Investisseur & Partenaire
15
Company profile Social and financial impact
• Micro-Finance and Venture Capital• Finance and accompany quality
entrepreneurs in Africa• Equity financing in SMEs and MFIs• Fund size: 19 M€
• Entrepreneur: Patrice Hoppenot
2008 2009
13 M€ invested 14 M€ invested
Sales: 747 K€ Sales: 1 213 K€
Net Income:- 135 K€
Net Income:1 731 K€
2010 objectives
Target of nine investments per year with an average 350 K€ invested per project
Possible exit strategy
Exit from portfolio companies and creation of an FCPR in France
16
Ethical Property Europe
16
Company profile Social and financial impact
• Business centers for associations• High environmental standard centers
and office space for associations
• Entrepreneur: Jamie Hartzell
EP Europe EP UK
44 hosted organizations
206 hosted organizations
Sales: 884 K€ Sales: 3 498 K€
Net Income: 524 K€
Net Income: 552 K€
2010 objectives
Continue the European expansion after a positive first year in Belgium
Possible exit strategyCompany listing on a social stock exchange
This documentation is provided for personal use only and is strictly confidential; it shall not be disclosed, published or reproduced, either in part or in full, by its recipient(s). The content of this document is provided for indicative and discussion purposes only. In no case does it constitute an offer for sale or subscription nor shall it be the only basis upon which an investment decision is made. Only the final documentation issued or signed, pertaining to a subscription, shall be authentic among the parties.
Although the information contained in the documentation herein is obtained from sources deemed reliable by Phitrust Partenaires, the latter does not provide any express or implicit guarantee thereof, and shall not be liable for the exhaustiveness, reliability or accuracy of information contained herein.
The onus is on each interested investor to first carry out his own analysis by also consulting, if necessary, his legal advisors in order to assess the suitability, with regard to his personal situation, of investing in SAS Phitrust Partenaires - (hereinafter referred to as "the Fund"). The attention of investors is drawn to the fact that the tax treatment which shall be applied to investment in the Fund depends on one’s personal situation and this is subject to change. One is therefore recommended to consult a tax advisor: Investment in the Fund shall also be conditional upon the prior reading and understanding of the Rules and Regulations and Articles of Association of the SAS as well as the Prospectus, which provide a detailed description of the rights and obligations of each investor and which are available upon simple request to the Head Office of Phitrust Partenaires.Investment, if any, in the Fund has in no case been advised by any French regulatory authority. Moreover, these authorities have neither checked nor confirmed the information contained in this information document.
The attention of potential investors is particularly drawn to the risks inherent to this investment which are specified in the Prospectus which you are strongly advised to refer to.
Past returns on similar investments provide no indication as to those that shall be generated from future investments that the Fund shall undertake, since past performance does not guarantee future performance.Certain legal, tax or regulatory changes which may occur during the Fund's life time, may, if applicable, have a negative impact on the return on this investment. The shares of the company with variable capital cannot be freely sold and there is no organised secondary market. The Fund's success will depend on the expertise and commitment of Phitrust Partenaires' investment team, and in particular on its capacity to identify, select and acquire appropriate assets, as well as on changes in market conditions.There is no guarantee that the Fund's objectives in terms of returns will be achieved or not. Therefore, each potential investor must form his own opinion on the risks inherent to this investment opportunity before deciding whether or not to invest in the Fund.
17
Disclaimer
18
Contact
Florence Goudchaux
Tel.: + 33 1 55 35 07 56
Mob.: + 33 6 15 40 03 74
Olivier de Guerre
CEO
Tel: + 33 1 55 35 07 55
Mob: + 33 6 03 91 61 61
Contact
PhiTrust Partenaires41 rue Boissy d’Anglas - 75008 Paris
+33 1 55 35 07 55 - [email protected]