The Investment Process

Our process begins when we receive a request for funding from you accompanied by a summary business plan and investment proposal.

We will initially carry out a desk based appraisal and if we like what we see we will send you a link to our deal flow management system, DEALUM.

DEALUM, an intuitive, stage gate process, will guide you as you upload the information we require leading into a review by the TRICAPITAL Investment Panel.

If your project is approved you will be invited to present to our members.

If our members support your project we will proceed to the ‘book building’ stage which we may complete from within the syndicate or in collaboration with our partners and co-investors including Scottish Enterprise.

Once ‘book building’ is complete we will make you an offer in the form of a Term Sheet.

If our offer is accepted by you we will proceed to legal completion which involves the drafting of an Investment Agreement and possibly a new set of Articles of Association.

Funding can be drawn down once legal completion is achieved.

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Notes

Investments in portfolio companies are made by individual TRICAPITAL members, not TRICAPITAL as an organisation.
TRICAPITAL manages the due diligence of potential investments as part of its administration service for members and for the Scottish Enterprise Co-investment Fund (if applicable). These costs are charged to the company if the investment goes ahead.
TRICAPITAL normally charges the investee company a one-off research fee and ongoing monitoring fee as part of the administration service it provides for members in respect of their investments.
Where applicable, TRICAPITAL manages the drawdown of Co- Investment Fund monies by Scottish Enterprise as part of its match funding facility.
Where possible, a TRICAPITAL member is appointed to the invested company’s board to represent the individual members’ interests.
All applications for investment must be Enterprise Investment Scheme (EIS) approved or eligible.

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Leadership Team

Moray Martin
Chief Executive Officer
Moray is a hands-on investor passionate about innovation closely linked to monetisation, job creation and business plan delivery.
Moray Martin

Chief Executive Officer
moray.martin@tricapital.co.uk

Originally from Elgin, Moray studied at Robert Gordon’s University in Aberdeen (and later at INSEAD) before embarking on a career in the insurance and reinsurance industry, where he acquired extensive leadership, management and main board experience. Having lived and worked in the UK, Europe and the Asia Pacific region for a number of major global organisations, including Allianz, AXA and Lloyds of London, he has developed strong and broad-based financial, risk management and team-building skills. Moray now runs his own consulting business and, as well as devoting much of his time to TRICAPITAL, holds a number of domestic and international non-exective appointments. Away from work, he enjoys cycling, travel, reading and politics.

As TRICAPITAL's Chief Executive Officer, Moray believes that his primary responsibility is to build and encourage dynamism, potency and relevance, and to ensure that the syndicate continues to provide strategic oversight, financial support, added value and leadership to its investee company customers. He is a hands-on investor passionate about innovation closely linked to monetisation, job creation and business plan delivery.
Andy Purves
Director
Andy was involved in the founding of TRICAPITAL Ltd and has over the years helped guide both investors and investee companies.
Andy Purves

Director
andy.purves@tricapital.co.uk

Andy qualified as a chartered accountant in 1992 and in 1995 set up his own practice which, after 20 years of growing, was sold in 2015 to Douglas Home & Co, to whom he now acts as a business consultant. Since 1999, he has been a director in Adam Purves Galashiels Ltd, a well-established family business with multiple and diverse interests.

Andy was involved in the founding of TRICAPITAL Ltd and, as well as being the Company Secretary and an active investor, has over the years helped guide both investors and investee companies.

Over the years, he has gained considerable exposure to a very wide range of business experiences, through his own business interests, and acting for clients in various different sectors and growth and development phases.

“I relish being part of an organisation where so many opportunities and innovative ideas are presented. It’s particularly pleasing when it’s a local source, and the potential markets are worldwide.“
Kathy Kinder
Board Advisor
Kathy has a law degree from Edinburgh University and is a member of the Institute of Chartered Accountants of Scotland.
Kathy Kinder

Board Advisor
kathy.kinder@tricapital.co.uk

Kathy has a law degree from Edinburgh University and is a member of the Institute of Chartered Accountants of Scotland, where she did her CA training at Thomson McLintock – a forerunner of KPMG. She subsequently completed a part-time MBA at Strathclyde University. Kathy has 30 years’ experience in young company investment, working as Investment Director with Lothian Enterprise and the West Lothian Council/Bank of Scotland joint venture fund West Lothian Venture Fund. She has worked with Braveheart Investments and Scottish Enterprise, where she did an early evaluation of how to promote the Scottish Seed Fund, and since 2008 has been Investment Manager for TRICAPITAL.

Kathy has been a member of the BVCA regional committee, a member of the European Seed Fund Network, on the committee of the Business Forum and Connect on the board and subsequently the Advisory Committee of Scottish Enterprise Borders and South, and is currently involved with a number of local investment networks.
Lynne Cadenhead
Women's Advocate and Investor Relations Director
Lynn serves as our Women's Advocate and Investor Relations Director, promoting gender diversity within the syndicate and upholding the principles of the Investing in Women Code.
Lynne Cadenhead

Women's Advocate and Investor Relations Director
Susan Arnold
Membership Services Manager
Susan manages administrative tasks and membership services at TRICAPITAL, ensuring smooth operations and member satisfaction.
Susan Arnold

Membership Services Manager

TRICAPITAL Angels Limited is a Scottish Enterprise and Scottish Co-Investment Fund partner.