About Us
Beansprout is founded by five very experienced financial services, funds industry , broking and corporate advisory professionals.
Beansprout is an Irish corporate finance business operating as a Listing Sponsor on the Euronext Exchange in Dublin. The firm lists Beansprout AcquisitionCompanies(BACs) on the Market Access+ Index, that are available to Founder & Subscriber Investors interested in making target acquisitions in their sector of choosing. In addition to the initial Listing Sponsor activity BEANSPROUT can act as an on-going Listing Sponsor post transaction, as an advisor and has access to individuals who can act as Directors to listed companies.
Introduction
Company Overview
BEANSPROUT is an Irish registered trading entity creating
investment vehicles for Founders & Subscribers to invest in private held businesses.
A strict component of the product is the adherence by the Founders & Subscribers to a strict code of governance that is the intellectual property of BEANSPROUT, called THE BEANSPROUT CODE.
BEANSPROUT FEATURES
BEANSPROUT style finance has three salient features that bring probity & governance to protect the underlying investors.
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No Director Remuneration
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No connected-party payments
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No acquisition/lease of fixed assets and/or equipment
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Permitted Expenditure includes due diligence , audit, legal and transaction related administation costs
CONTROLLED EXPENDITURE
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Business Acquisition
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Asset Acquisiiton
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Reverse Takeover (RTO)
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Leveraged Acquisition
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S/H approved transactions
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A BEANSPROUT ACQUISITION COMPANY (BAC) a Founder Director must remain on the board for 12 months
PERMITTED TRANSACTIONS
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Published in Admission Document
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Risk relating to the code will be published in Admission Document
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Founders sign agreements to adhere to the code
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Periodic certification is provided from BAC to BEANSPROUT that the code continues to be adhered to
THE BEANSPROUT CODE
Problem Statement
Many firms in the small-cap range reach the rubicon moment of working to expand. Traditionally this has generally been through the traditional media of debt financing from a bank or to raise money through the sale of business equity.
The sale of firm equity often comes with the involvement of the finance provider either in the board representation or onerous requirements on reporting.
Problem 01
Problem 03
Problem 02
COST
The cost of listing a firm is circa €500k for small companies. This is exorbitant for the uncertainty of outcome. This forces firms down the path of venture capital or private equity raises.
SPECIAL PURPOSE ACQUITION VEHICLES
have a poor reputation, can exploit investors and can have excesses of options/warrants/salaries/ fees that are heavily weighted to Founders
SECONDARY RAISES & LIQUIDITY NEEDS
As business continues to expand, fresh finance is often needed and firms already in a Venture Capital or Private Equity relationship can be shacked to those sources.