The critical problems facing company owners today
There are significant barriers for owners in trying to grow their company or to sell it.
Inability to sell your company.
Company debt and personal guarantees.
Inability to sell your company.
High cost to sell a business.
Lack of capital to grow your company.
Lack of exit options
The Opportunity
There are over 30 million Small to Medium-sized Companies in the EU and a further 6 million in the UK, with many owners needing our help.
Iconetic PLC t/a “The New Icon Group” is a Luxury focused conglomerate acquiring companies in 4 key areas of Luxury: The Yachting industry, Private Aviation, Food and Beverage, and any Luxury B2B/B2C provider.
We aim to tap into the pent-up demand for company owners to find alternative solutions to some of the myriad of problems they face day-to-day and to help them solve their operational barriers to growth, wealth, and dare we say, happiness?
We will acquire companies as part of New Icon, which will undertake a Technical listing on the London Stock Exchange. Owners wishing to sell their company will undertake a simple Share-for-share exchange with us.
The Solution
Iconetic PLC will shortly list on the Standard Exchange segment of the London Stock Exchange. We follow Warren Buffett’s methodology in acquiring companies by undertaking a full share-for-share swap so that owners will subsequently be holding tradeable PLC stock to the value of their business. For example, if your company in the UK or Europe is worth 5,000,000 post-acquisition, you will now hold the same amount in our PLC stock to then sell.
Access to capital
Tax savings
Owner management
Exit
Clear debts
Sell shares
Spread of risk
Procure large contracts
Expand
Competition
Alternative to venture capital
More rewards
Lonely at the top
For your family
We focus on companies involved in Yachting, Aviation, the Drinks sector, IT and B2B/B2C service providers
We are neither country nor sector specific and having a global outlook reduces any macro-economic risk.
If there is a downturn in one sector, country or an individual company, we will be insulated due to our diversification and a large, growing number of companies. We prefer to focus on companies involved in the Yachting industry, Private Aviation, the Food and Beverage sector and any Luxury focused B2B/B2C providers.
Ideally, they should have low debt and their present structure and model should be simple, easily understood and have a consistent operating history. The company should have good long-term prospects and ideally consistent returns.
Owners should have a focus on return on equity and be candid and open with our executive board. This approach has worked for decades for Warren Buffett and we shall largely follow his ‘tenets’.
The typical companies we seek to acquire
The acquisition journey
An overview on the steps you go through
Signing a non-disclosure agreement (NDA)
After signing a Non-Disclosure Agreement (NDA) we take an initial dive into the company’s financial statement/accounts and undertake due diligence. The NDA protects both parties from disclosing anything sensitive.
Financial due diligence
We need to see the robustness of the accounts and the business in general, at an early stage. As previously mentioned, we have certain expectations on financials so it is important for us to ‘pop the bonnet’ and see what’s in them to avoid any disappointments.
HOA (sign the Heads of Agreement)
The second landmark will be to sign the Heads of Agreement (HOA), which is non-binding and aims to outline the concept expectations in detail. At this stage we would ask the company to produce a business plan.
Regular meetings
We would then meet a few times over the coming months to get to know our respective businesses and naturally one another socially.
Formal agreement
The third landmark will be to sign the formal Agreement to undertake the share swap. Immediately prior to this, the owner will be expected to provide a company audit which we will use to value the company.
The float
The final landmark is when we formally list or ‘float’ which we have provisionally slated to be early 2022.