The British Private Equity & Venture Capital Association (BVCA) have released revised model documents for early-stage investments. Are you prepared for the impact of these changes?
Our Corporate finance lawyers have created a series of videos highlighting what investors and founders need to know. Watch this video series below to learn more.
You can also read our article exploring these updates here.
Setting the scene
Stephen Trombala, a Partner in our corporate finance team, gives an explanation of the BVCA model document changes and why they are necessary at this time.
Warranties
John Morrison, a Partner in our corporate finance team, covers the changes introduced to warranties and what impact this will have on founders and investors.
Future funding rounds
Catherine MacRae, Associate in our corporate finance team, discusses some of the key changes to be aware of and the impact that they will have on companies preparing for future funding rounds.
ESG and the BVCA
Cameron Kane, a Senior Solicitor in our corporate finance team, discusses what considerations have been been made for environmental, social, and governance policies (ESG) in the updated documents.
Leaver provisions
Christina Sinclair, Senior Professional Support Lawyer, discusses the changes to leaver provisions. Leaver provisions are likely to remain one of the key areas of negotiation in any funding round.
Updated drag rights
Sophie Bailey, Senior Associate in our corporate finance team, covers the changes to drag-along rights. The updated documents set the threshold of who can exercise these rights at a simple majority of shares in the company.
Waterfall provisions
Tom Swan, Partner in our corporate finance team, covers the changes to the waterfall provisions or “returns stack” and what this means for shareholders.
Market Friction
In the final video of our series, Partner Stephen Trombala highlights two areas of debate that could arise due to the recent BVCA model document changes.
