A wealthy individual who invests in entrepreneurial firms or more typically a successful entrepreneur, who has built up a business, sold it and now brings not just money but experience to a young de [..]

  A way of providing companies with a choice of providers of financial and professional services. It normally involves a short-list of potential suppliers being drawn up and invited to pitch for busin [..]

  A combination of management buy-out and buy-in where the team buying the business includes both existing management and new managers.  

  The generic name for a tradeable loan security issued by governments or companies as a means of raising capital. Government bonds are known as gilts or Treasury Stock.  

  Detailed description of the plans of a new business, or of the expansion plans of an existing business, together with financial projections.  

  British Venture Capital Association  

  The ratio of cash generated in a business before senior debt payments to senior debt cash and interest payments due.  

  The moment when legal documents are signed and a corporate finance transaction is concluded. Normally, also the moment at which funds are advanced by investors or paid by an acquirer.  

  Before a deal is completed, an investor in a business venture may insist on certain conditions being satisfied.