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  • Brochure TransEquity Network II

THE OFFER

The following is a brief summary only and should be read in conjunction with the text of the Information Memorandum which is available for interested parties.

Name: TransEquity Network II B.V. (TEN II)

Fund Size: a committed Fund estate of approx. € 20 million, with the intention to grow to € 40-€ 50 million.

First closing: the first closing will take place upon a committed Fund estate of at least € 2,5 million, at the sole discretion of the Fund Management.

Target Return: The Fund aims at an average yearly internal rate of return (IRR) of 20% -25%.

Term: starting from the moment of participation 5 to 8 years.

Fund Management: TEN Management B.V. has a management agreement with TEN II. Statutory directors and shareholders of TEN Management are Jurgen van Olphen en Albert Bos.

Costs Fund Management: a yearly management fee of 2,75%.The first four years over the committed fund estate, from year 5 over the invested fund estate.

Distribution profit: the Fund Management is entitled to receive a profit share of 20% of the proceeds of realized investments if and to the extent the proceeds exceed the investments made in the participation, increased by a 5% hurdle rate on a yearly basis.

Participations: participations are issued with a value of € 250.000.

Investments by Fund Management: the Fund Management commits itself to an investment of € 500.000 and will invest in all participations for at least € 50.000.

Subscription: for companies and private persons for at least one (1) participation.

Selling Fee: a 3 % selling fee will be levied once on each participation, payable together with the first deposit.

Deposit: the committed amounts will be called and paid in tranches of 20% (€50.000) per participation. The first tranche must be deposited upon subscription. The next tranches shall be called if and when required by the investments made by the Fund. Participants have the right to reject a deposit in a tranche once.

WFT and AFM TEN II is not obliged to have a permit for the issuance of participations under the Wet Financieel Toezicht (WFT) and is not under the supervision of the Autoriteit Financiele Markten (AFM).