Closing a deal

How does the closing process work, and when sho... During Closing, Odin locks the deal page off from further investment, communicates with the investee company, handles the signing of deal legals, and transfers the final investment amount to the investee company, completin...

Closing a Primary deal For a video guide to the closing process as a Syndicate Lead, please scroll to the bottom of this page.   Confirmation of final investment details (maximum 3 days) The first step in Odin’s closing process is to thoroughly ...

Notarisation, geographical tax & legal nuances Certain countries (many in Europe) require any legal paperwork concerning a purchase of shares to be wet-signed and certified by a notary public. They also typically require foreign investors to send certified and apostill...

Side letters In rare cases, Odin will identify a clause in the set of investment legals that requires a side letter. Rather than requesting the investee company completely reworks the legals, Odin will usually request the problem in qu...

Rolling closes If you want to draw down the funds in an SPV, but keep the deal open for further investment, this is what we’d refer to as a ‘Rolling Close’, which carries an extra cost in addition to the regular deal fees. In practice, O...

U.S. Investor Reporting (PFIC/FATCA) All Odin nominee entities are considered Passive Foreign Investment Companies (PFICs) under the Foreign Account Tax Compliance Act (FATCA). FATCA requires Foreign Financial Institutions to report information about financia...

How Odin communicates during closing The key change in how Odin communicates during the closing process, as opposed to any part of the journey before or after, is that Odin’s Customer teams take more of a step back, and Odin’s Deal Operations team steps in. T...