個案總覽

Rick Stein gazed out at Propay Ltd's car park where his fifteen-year-old car now languished.A year ago ProPay's previous owner parked his Maserati in the exact same spot - a contrast that seemed oddly symbolic of Rick's current predicament. He had bought the payments gateway business after raising a Search Fund from a number of private investors and with a plan to improve what he perceived to be an 'undermanaged' business. A few months later it had become apparent that more funding was needed. He returned to his financial model to consider his position...

Rick Stein is faced with taking rapid action to both save his business and at the same time take advantage of a surprise exit opportunity. As usual there's a cash squeeze but should the business take more money and if so where from and on what terms?