Investment Approval Process

PRCM has a structured investment review and approval process that is followed prior to entering into a transaction. This process generally involves:

• Preliminary desktop review to determine if opportunity is attractive and meets the Fund’s investment criteria
• Discussions with management and preparation of an indicative term sheet
• Site visits
• Detailed due diligence including technical, operational, financial, legal and country specific issues
• Review by specialist external consultants if required
• Finalisation of term sheet and submission to our Investment Committee for approval to invest
• Preparation of legal documentation once the investment is approved
• Equity funding following finalisation of all necessary approvals

PRCM seeks to establish a realistic timetable for the approval process. We can move quickly provided that sufficient information is obtained at each stage of the process and confidence with partners is established.