Congratulations, Nic. Great news for both companies!
leafar
· 2 years ago
Congratulation ... very Nice. Europe getting global, I love that.
One question because you asked for it. How do you deal with carried interest ? Or mngt fees ? Or is it only the net income of the Esprit structure ?
Fabio
· 2 years ago
Seems that the European scene is moving faster now and this deal confirm the trend. Good job!
nic
· 2 years ago
Thanks guys.
leafar the way the deal works is that DFJ have acquired a small stake in Esprit and get an equivalent proportion of our income on both mgt fee and carry.
leafar
· 2 years ago
That's a good deal. Cash Flow at the two levels is a great idea.
All Comments
Europe getting global, I love that.
One question because you asked for it. How do you deal with carried interest ? Or mngt fees ? Or is it only the net income of the Esprit structure ?
leafar the way the deal works is that DFJ have acquired a small stake in Esprit and get an equivalent proportion of our income on both mgt fee and carry.