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First Edition EIS is a discretionary portfolio management service run by media and entertainment investment experts with significant experience of sourcing, operating and exiting qualifying EIS investments.
Why First Edition Eis?First Edition EIS offers investors the opportunity to gain access to a portfolio of pre-identified fast growing companies in the media and entertainment sector.
This offer may be suitable for those investors looking for the following:
• Anexperiencedmanagementteamthathasachievedsignificantupside for previous EIS investors
• Target2xtaxfreereturnoveraninvestmenttimehorizonof4-6years
• Targetassetallocationof70%roll-outand30%earlierstageopportunities
• Pre-identifiedcompaniesrequiringexpansioncapitalandstrategicsupport
• AccesstoaminimumofthreeEISqualifyinginvestments
• Allotmentbeforetheendofthetaxyearforthepre-agreeddealsidentifiedin this Investment Summary and the Information Memorandum
• Carrybackofinvestmentinthesebusinessestothe2015/16taxyearforincome tax purposes
• Rareblendofinvestmentandtruehands-onoperationalexpertise
• Amanagementteamthatalignsitselfwithinvestorinterests
• Competitivechargingstructure
• InvesteecompaniesthatwillhavealreadyobtainedAdvanceAssurance
• AnticipatedtimelydeliveryofEIS3certificatestoinvestors
first edition eisinvestment summary
INVESTMENT APPROACH ANd PORTFOLIO EXAMPLES
The three pre-identified investment opportunities are detailed below and act as examples of the types of businesses that First Edition EIS will invest into in future allotments, reflecting a majority focus on the roll-out of profitable businesses.
LiVE EntErtAinMEnt
One of the overarching trends in live entertainmentoverthepast10yearshasbeen the building of a ‘tribe’ – a group of like-minded people, passionate about the same thing (music, the arts and sport to name a few) who return year after year to the same event or venue.
tELEVision
Disruption in the TV industry caused by the digital revolution has created opportunities for new brands and models toemerge.Contentcreatorsandrightsholders are best positioned to thrive by owning proprietary content that can be exploited globally across multiple platforms, including live events and offline revenue streams.
VEnUEs
Popularentertainmentvenuesandtheirusage has undergone a period of significant change in the UK. Nightclubs have steadily declined and late opening bars (often themed), street food markets, pop-up restaurants, pop-up events and immersive entertainment have taken over as new and different experiences are sought from the millennial generation.
Mainstage Events Investment into the profitable
Snowboxx ski festival brand to roll-out
new versions of the festival at different
resortsandcornerthe18-30skiholiday
marketwithspin-off‘Poweredby
Snowboxx’ holidays. The business
model of combining a festival with a
popular interest can also be applied
to a wide range of other holiday
experiences.
sEctors oF intErEst
Pre-identified LiVE EntErtAinMEnt investment
INVESTMENT: £1.05mBuSINESS STAgE: Profitable
www.snowboxx.com
It’s the perfect combination for those who want to add a bit more va va voom
to their ski hol.
metro, 24/12/2014
The appetite for ski music festivals is healthy and growing. Snowboxx was a sell out this
year and other big events this season are being held in mountains from
Bulgaria to Switzerland.
telegraPh, 31/3/2015
sectors in which First edition eis has pre-identiFied investment opportunities
Little Door & Co. Investment to roll-out the profitable
‘Little Yellow Door’ concept. The
‘Little Door’ venues are immersive bar
and restaurants styled as a house party
taking place at a fictional flat-share.
The management team plan to open
5sitesinLondonovera4yearperiod,
each styled to match the surrounding
area, before considering international
expansion and a membership concept
styled as the ‘Little Yellow House’.
Infinity Creative Media Investment to create and own high
quality TV series on popular passions
and hobbies, designed for global
commercial exploitation that can be
leveraged for live versions and offline
revenuestreams.AnexampleInfinity
TV series that may be invested into is
‘The Wine Show’ featured on ITV
andpartneredwithAldi,Amazonand
Taste London, who sponsor, retail
and host live versions of the show
respectively.
Pre-identified tELEVision investment
INVESTMENT: £2.1m BuSINESS STAgE: Project dePending, Profitable/Pre-Profit
Pre-identified VEnUEs investment
INVESTMENT: £1.3m BuSINESS STAgE: Profitable
www.thelittleyellowdoor.co.uk
www.infinitycml.com
With our distribution networks and connections within TV and Edition’s
experience in media and live entertainment, we’re excited to see what the next step
is for our brands.
russ lindsay, Ceo, infinity Creative media
Since it opened last year, the informal restaurant has seen guests queuing up to
attend its informal Saturday night dinner parties, with similar excitement
surrounding the new Wednesday night event.
harPer’s Bazaar, 23/3/2015
The Wine Show: it’s Top Gear for booze... I hate myself for loving it.
the guardian, stuart heritage 11/4/2016
With top-notch food, killer drinks, silly games and free roam of the flat
this is the ultimate house party – and everyone is invited.
evening standard, 31/10/2014
the edition team members have spent 400 days working at festivals, overseen the sale of 3.2 million festival tickets, in excess of 17 million recorded music albums and the creation of tV formats watched by 6.5 billion people.
risk warning: First Edition EIS is a high-risk product and we therefore recommend that you; seek independent advice first if you are thinking of investing, as it may not be suitable for all investors; and you read the Information Memorandum in full. The following key risks should be considered:• Yourcapitalisatrisk.Thereisnoguaranteethattheamountyouinvestwillbereturnedtoyou.• Thisisalong-terminvestment.EachinvestmentinanEISqualifyingcompanymustbeheldforaminimumofthreeyearstoretaintheEISreliefs
available.• TheinvestmentsmadebyFirstEditionEISareinunquotedcompaniesandassuchtheyarelikelytobemoredifficulttosellthanshareholdingsinAIM-quotedcompaniesorcompaniesonthemainLondonStockExchange.
• Taxlegislationissubjecttochange,andthespecificreliefsofferedbytheEISmaybewithdrawnoralteredatanytime.• First Edition EIS invests in companies that Edition believe qualify for inclusion in an EIS portfolio. If an investee company fails tomeet therequirementsofEISlegislation,EIStaxreliefsthathavealreadybeenclaimedmaybewithdrawnandaninvestormayhavetorepayrebatedtax.
this document is a financial promotion issued by edition capital investments in accordance with section 21 of the financial Services and markets act 2000 and an advertisement as described in the Prospectus rules of the financial conduct authority (‘fca’). edition capital is the trading name of edition capital investments limited which is authorised and regulated by the fca, frn 747132.
Their track record includes:
•ImpresarioFestivalsplc: The Edition team members led on the fundraising for Impresario Festivals plc (‘Impresario’) (£9 million EIS fundsraisedintwotranchesinthe2012/13and2013/14taxyears)andhavebeenactivelyinvolvedintheoperationalmanagementofImpresariooveritsinitial4yearsoftrading,includingmanagingallinvestmentsandacquisitionsforthegroup.On5thOctober2016,Impresario announced that it had sold its assets to media and entertainment group Global in a multi-million pound deal – a process managedbyEdition.Thisequatestocurrentshareholdervalueofbetween£2.10and£2.20pershareonaninitialofferpriceof£1.
•CreamGroup:TheteamworkedwiththeCreamGroupfor10years,developingthebrandbeforeitssaletoLiveNationgeneratinga9.1xreturnoninvestment.
•19Entertainment:PaulBedfordwasFinanceDirectorforfouryearstakingthebusinessfrominvestmenttoasaletoCKXfor£100m.
•SPZGroup:PaulBedfordplayedakeyroleinmulti-million-dollarassetsalesandacquisitionsincludingthesaleoftheinterestinSeal,duringhis10yeartenureasFinanceDirector.
TRACk RECORd
Withover50years’combinedexperienceandwiththemembersoftheteamhavingmanagedandadvisedoninvestmentsexceeding£250m(includingover£120mofEISandVCTinvestments)Editionareaninvestment team that is uniquely placed in today’s media and entertainment space.
Why inVEst With Eis• 30%IncomeTaxRelief on up to £1 million subscribed per tax year• CapitalGainsTaxDeferral on the sale of a previous investment • Tax-freegrowthoninvestment if held for at least 3 years• InheritanceTaxRelief on investments after 2 years • LossRelief up to 45% of the net amount invested
ram capital Partners llP4 staple inn, london WC1v 7Qht: +44 (0)20 3006 7530e: taxsolutions@ramcapital.co.uk www.ramcapital.co.uk
For iFA EnqUiriEs
edition capital investments limited14 gray’s inn road, london WC1X 8hnt: +44 (0)20 3145 1851e: enquiries@editioncapital.co.ukwww.editioncapital.co.uk
First Edition Eis is MAnAgEd by Edition capital investments
for further information and CoPies of the information memorandum Please ContaCt:
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