Deep Sea World (C): November 1996
Subject
Economics, Entrepreneurship
Publication Year
1999
Abstract
Phil Crane, co-founder of Deep Sea World, was preparing for the company's flotation on the Alternative Investment Market (AIM) in London. Discussions with the company's financial advisers had, however, apparently reached a deadlock. The problem was a share option scheme put in place at the time of a previous restructuring, allowing Phil additional shares in the company's capital if the company met certain financial targets. A.C. Grierson, the company's sponsor for the flotation, did not believe that they would be able to proceed with the transaction with the option in place; Phil, on the other hand, had fought hard for the option in the first place and did not see why he should give it up now.
Topic List
Entrepreneurship, Venture Capital, Finance, Valuation, Opportunity Assessment
Industry
Tourism
Publication Event Date
1998
LBS Case Number
CS-98-009-02
Location
Edinburgh - UK
Publication Organisation Size
Start-up
Project Funder
ESRC (ROPA)
Publication Research Centre
Entrepreneurship
Available on ECCH
No
