Keynote by Gerard Grech, CEO of Tech City at the NOAH 2015 Conference in London, Old Billingsgate on the 12th of November 2015.

1. Why
London
&
the
UK?
Gerard
Grech,
CEO,
Tech
City
UK
1
@techcityuk
&
@gerardgrech
#NOAH15
Why
are
there
so
many
Tech
Unicorns
in
London
&
the
UK?
Gerard
Grech
CEO,
Tech
City
UK

3. 2
Why
are
42%
of
European
‘Tech
Unicorns’
in
the
UK?

4. Who
we
are:
1.
programmes
|
2.
policy
convening
|
3.
advocacy
20,000
UK
sign-­‐ups
13,000+
in
training
-­‐
£791m
raised
-­‐
£1.1bn
on
the
LSE
-­‐
5
acquisitions
Annual
Research
Report
1.46m
employed
in
UK
50%
of
digital
companies
formed
>2008
Mentorship
programme
for
stage
A
businesses
Accelerating
digital
growth
in
North
of
England
Concierge
service
for
fast-­‐growth
US
tech
companies
Dedicated
Visa
Scheme
for
hiring
exceptional
talent
Alliance
between
the
UK’s
many
thriving
tech
clusters

5. 3.
Creative
talent
&
critical
mass
of
expertise
in
various
sectors
1.
Smart
capital
2.
Strong
business
&
policy
environment
4.
Rich
ecosystem
&
connected
nation
4
key
growth
drivers
powering
London
&
UK’s
digital
economy

6. Investment
in
London/UK
tech
companies
in
2014
is
20x
what
it
was
in
‘10.
This
year
alone
(first
9
months):
$3.2bn
invested
($2.2bn
in
2014)
VC
investment
in
London
tech
companies
is
20x
what
it
was
in
2010
UK
companies
raised
>30%
of
all
European
VC
money
in
Q4
‘14
Source: CB Insights/London & Partners, 2015

7.
More
funds
now
exist,
opening
new
opportunities
and
securing
the
growth
potential
of
talented
teams

8. 8
Policy
conditions
for
tech
growth
are
ripe:
end
to
end.
>£1Bn
>£1Bn
4.
Corp
Tax:
20%
(joint
lowest
in
the
G7)
1.
Seed
Enterprise
Investment
Scheme:
50%
relief
on
capital
gains
tax
3.
Visas:
Entrepreneurs’
Visa,
Tech
Nation
Visa
2.
R&D
Tax
Credits:
fueling
innovation
5.
London
Stock
Exchange
high
growth
segment

9. 21
clusters
identified
and
studied
companies
surveyed
nationwide
sectors
profiled
1.46m
employed
in
tech
across
the
UK
50%
of
digital
companies
founded
since
‘08
Big
Data
Analysis:
47K
>250K
employed
in
tech
across
London
London’s
notable
strengths:
FinTech,
Data
Management
&
Analysis,
Marketplace,
E-­‐commerce,
Software
Development,
Creative
industries
(Eg.
music,
fashion)
2500+
London
&
>20
clusters
around
the
UK
make
up
1.46M
people
working
in
digital
industries
Core research partners:

10. Rich
Ecosystem:
Key
HQs,
>60
UK
tech
accelerators
&
>100
co-­‐working
spaces
&
50+
support
orgs

11. 27
FUNDING
ROUNDS
£791
M
RAISED
£1.18
Bn
RAISED
FROM
4
IPOs
5
ACQUISITIONS
In
the
last
22
months…

12. 15+SCALE
COACHES
6
MONTH
PROGRAMME
25
SCALING
TECH
COMPANIES
12+
ADVISORS
Launched
today
UpscaleUK.com

13. 13
Has
this
presentation
been
helpful
in
understanding
why
42%
of
European
‘Tech
Unicorns’
in
the
UK?

14. Why
London
&
the
UK?
Gerard
Grech,
CEO,
Tech
City
UK
14
@techcityuk
|
@gerardgrech
#NOAH15
Thank
you,
enjoy
your
day!
Gerard
Grech,
CEO,
Tech
City
UK
Go
to
our
website:
Techcityuk.com

15. Focus on Leading European Internet companies
Covering over 400 companies across 25
online verticals, a broad range of over 500
investors as well as 100+ online-focused
corporates
Deep understanding of industry dynamics
Ability to add value beyond banking advice
Facilitates overall process and minimizes
management distraction
NOAH Advisors is globally well connected
and has direct access to virtually all key
players in the industry
Knowledge of and strong relationships
with potential buyers’ key decision makers
Proactively finds and unlocks attractive
investment opportunities for leading
investors
Annual NOAH Conference in its 8th year
Over 40 years of combined relevant M&A
experience
Routine execution of M&A and financing
transactions with sizes of several billion
euros
22 successfully completed NOAH Advisors
transactions underline successful transfer of
M&A competencies to the Internet sector
Entrepreneurial mind-set, focused on growing the
business and establishing a reputation for
excellence
Ability to deliver top results in short time frames
Highly success-based compensation structures
align interests of clients and NOAH Advisors,
and demonstrate conviction to deliver top results
Creative deal solutions
September 2015 December 2014
September 2014October 2014
May 2014 February 2013
May 2012 April 2011
Sale of a 70% stake in
to
Exclusive Financial Advisor to
Drushim and its Shareholders
Sale of 100% of
for $800m to
Exclusive Financial Advisor to
Fotolia and the Selling Shareholders
Sale of 100% of
for €80m to
Exclusive Financial Advisor to
Trovit and its Shareholders
Sale of controlling stake in
to
Exclusive Financial Advisor to
Facile.it and its Shareholders
sold 100% of
for $228m to a joint venture between
Exclusive Financial Advisor to Yad2
and its Shareholders
Growth equity investment from
for a 30% stake alongside Softonic’s Founders
and Angel Investors at a valuation of €275m
Exclusive Financial Advisor to
Softonic and its shareholders
150 million growth equity investment from
for a 50% stake alongside Fotolia’s Founders and
Additional $150 million senior debt financing
Total $300 million investment
Financial Advisor to Fotolia and its Shareholders
have acquired a majority stake in
for $350m from
Exclusive Advisor to Summit Partners and TA Associates
Selected Completed
NOAH Transactions
Unique Industry Know-How
Unmatched Network and Relationships
Strong Investment Banking Competence
Full Commitment - We Are Entrepreneurs!
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