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Growth Capital
for Private Markets

Legal Notice

 

About Lilja Capital

Lilja Capital Advisory Partners is a boutique financial advisory firm. We do not hold a specific authorisation in Switzerland from, and are not supervised by, the Swiss Financial Market Supervisory Authority (“FINMA”). Lilja Capital Advisory Partners, through its subsidiary Lilja Capital Advisory Partners (Malta), is a tied agent of Mirabella Malta Advisers Limited, which is authorised and regulated by the Malta Financial Services Authority (the "MFSA"). Lilja Capital Advisory Partners, through its subsidiary Lilja Capital Advisory Partners Limited (UK), is also an appointed representative of Mirabella Advisers LLP (together with Mirabella Advisers Limited, "Mirabella"), which is authorised and regulated by the Financial Conduct Authority (the "FCA"). Lilja Capital is not itself authorised and supervised by the MFSA or the FCA. 

Our contact details are as follows:

Lilja Capital Advisory Partners AG
Seefeldstrasse 104
8008 Zürich Switzerland

+41 (0) 43 443 32 32
contact@liljacapital.com


No offer or advice

The information on this website is solely for informational purposes and does not constitute an offer to sell or the solicitation of an offer to buy any security. Information on this website should not be construed as a prospectus or offering document or any investment recommendation and you should not rely upon it or use it to form the definitive basis for any investment decision, contract, commitment or action whatsoever, with respect to any proposed transaction or otherwise. Any information on this website is subject to change at any time without notice.

Lilja Capital Advisory Partners does not provide any accounting, tax, regulatory, legal or investment advice or any portfolio management services and nothing contained on this website should be deemed to constitute such advice or services. No investment or other decisions should be made solely based on the information contained on this website.

The information on this website is only directed at professional clients, as defined and explained below. The information on this website is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any country, state or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction.


Potential conflicts of interest

Lilja Capital Advisory Partners, together with its affiliates and external partners (the “Lilja Network”), engage in financial services and corporate finance advisory, including investment banking, capital raisings, financing and financial advisory services and other services to a range of companies, governments and individuals from which conflicting interests or duties, or a perception thereof, may arise. The Lilja Network’s clients and counterparties may include, and the Lilja Network may invest or hold or manage funds that invest or hold securities of, persons and entities in the same sectors as our clients and the prospective investors to which our clients are introduced (each a “Client/Investor”), with which a Client/Investor has a relationship or that may be involved in the same potential transaction as a Client/Investor and whose interests may conflict with those of a Client/Investor.


Limitation of liability

To the fullest extent permitted by law, Lilja Capital Advisory Partners disclaims, without limitation, any and all liability for any loss or damage of any kind, including any direct, indirect or consequential damages, which might be incurred through the use of or access to this website, or any links to third-party websites. This website may contain links to third-party websites, the content of which are completely beyond the control of Lilja Capital. Accordingly, Lilja Capital Advisory Partners does not assume any responsibility for the accuracy, completeness and legality of the contents of such websites, or for any offers and services contained thereon.

 

Data protection

We process personal data in accordance with the provisions of our Privacy Policy, which is available here

 

The Swiss Financial Services Act (FinSA)

On 1 January 2020, a new regulatory framework with respect to financial services in Switzerland entered into force through the introduction of the Federal Act on Financial Services of 15 June 2018 (“FinSA”, SR 950.1). This regulatory framework primarily governs the provision of financial services and the offering of financial instruments and is intended to strengthen investor protection. FinSA applies to financial services provided to clients domiciled in Switzerland as well as to financial services provided in Switzerland, e.g., to foreign domiciled clients. Lilja Capital Advisory Partners assists funds with fund placements, which may be deemed to be a financial service in the meaning of FinSA. Lilja Capital Advisory Partners also provides corporate finance services to issuers in equity and debt private placements, which are not subject to FinSA.

Client and investor classification

According to FinSA, Lilja Capital Advisory Partners must apply client classification with respect to any Client (as defined in FinSA, i.e., prospective investors to which our fund clients are introduced). FinSA differentiates between retail clients and professional clients.

The ‘professional clients’ category comprises a subcategory of ‘institutional clients’. Retail clients are all Clients that are not classified as professional clients. Lilja Capital Advisory Partners is only engaging with Clients that are classified as professional clients under FinSA and, therefore, are also classified as a qualified investor under and for the purpose of the Federal Act on Collective Investment Scheme of 23 June 2006 (“CISA”, SR .951.31). When such contact is initiated, we will notify you of your client classification and related rights. Depending on a Client’s volume of financial assets and (in certain cases) its financial knowledge and experience, a Client can request to be treated as a professional client. Please contact your relevant Lilja Capital contact as instructed in our communication for further information. A professional client may also elect to be treated as a retail client. However, in such case Lilja Capital Advisory Partners would not be able to service you due to the type of services and products that we offer.

Satisfaction

Lilja Capital Advisory Partners is committed to high-quality advice and client care. If you are in any way dissatisfied with our services, or have any suggestions as to how our service to you could be improved, please contact in the first instance your relevant Lilja Capital contact.

If for any reason we are unable to solve any problem between us, Lilja Capital Advisory Partners is affiliated to Finanzombudsstelle Schweiz (FINOS), an independent agency responsible for mediation proceedings with our Clients. You can contact the Ombudsman on the following address:

Finanzombudsstelle Schweiz (FINOS)
Talstrasse 20
CH-8001 Zürich
Switzerland

Risk information

Transactions in financial instruments are associated with certain risks. It is important that you are familiar with and understand these risks before engaging with Lilja Capital Advisory Partners with respect to any such transactions. For more information regarding the risks involved, please refer to the brochure “Risks Involved in Trading Financial Instruments” prepared by the Swiss Bankers Association (SBA), which is available at the following link.

Lilja Capital Advisory Partners does not make personal recommendations to acquire or dispose of financial instruments and, as such, does not assess the appropriateness or suitability of an investment. It is the sole responsibility of the Client to decide whether it has the knowledge and experience to make an investment, whether the investment corresponds to its financial situation and investment objectives, and, ultimately, whether or not to make an investment.

Risks Involved in Trading Financial Instruments

Product information

Lilja Capital Advisory Partners assists with fund placements in strategic situations, when acting for funds in our focus industry sectors. As such, we work with a selected number of fund managers and do not offer a comprehensive market survey. Clients that we engage with on each particular transaction will receive relevant product information from the fund manager. Investors should review the information received from the fund and make their investment decision based on these materials only. Lilja Capital Advisory Partners does not prepare any product information for financial instruments and does not assume any responsibility for the accuracy, completeness and legality of the product information provided by the fund or any other third party.

Commission

Lilja Capital Advisory Partners acts as placement agent for funds and receives a commission from fund managers and sponsors in connection with the offer and sale of funds to investors. Such commission typically ranges between one to five per cent of the capital invested or committed and may include a fixed and a discretionary component.

 

MiFID II, FCA rules and other rules and regulations

Certain activities carried out by Lilja Capital Advisory Partners in the European Union or in the United Kingdom may, depending on the circumstances and the relevant jurisdiction, be subject to the Markets in the Financial Instruments Directive (2014/65/EU) (“MiFID II”), the UK Treasury legislation and the FCA’s handbook and/or other rules and regulations (collectively the “Rules”). This regulatory framework primarily governs the provision of certain financial services and the offering of certain financial instruments and is intended to strengthen investor protection. Lilja Capital Advisory Partners assists funds with fund placements, which is generally subject to the Rules. Lilja Capital Advisory Partners also provides corporate finance services to issuers in equity and debt private placements, the regulatory status of which differ between jurisdictions; while in some jurisdictions they are not a regulated activity, they are in some jurisdictions. To the extent the Rules apply to a particular situation, Lilja Capital Advisory Partners is required to follow certain procedures and provide certain information as set forth below. 

Client and investor categorisation

To the extent applicable, Lilja Capital Advisory Partners must apply client categorisation with respect to any Client (as defined in the Rules, i.e., our clients and prospective investors to which our clients are introduced). The Rules differentiate between retail clients and professional clients. The ‘professional clients’ category comprises Clients that possess the experience, knowledge and expertise to make their own investment decisions and properly assess the risks that they may incur. Retail clients are Clients that are not categorised as professional clients.

Lilja Capital Advisory Partners is only engaging with Clients that are categorised as professional clients. When such contact is initiated, we will notify you of your client categorisation and related rights. Depending on a Client’s volume of financial assets and (in certain cases) its financial knowledge and experience, a Client can request to be treated as a professional client. Please contact your relevant Lilja Capital contact as instructed in our communication for further information. A professional client may also elect to be treated as a retail client. However, in such case Lilja Capital Advisory Partners would not be able to service you due to the type of services and products that we offer.

Satisfaction

Lilja Capital Advisory Partners is committed to high-quality advice and client care and has in operation a complaints management policy in accordance with the Rules. If you are in any way dissatisfied with our services, or have any suggestions as to how our service to you could be improved, please contact in the first instance your relevant Lilja Capital contact.

As a professional client under the Rules, a Client has no right of complaint to the Maltese Office of the Arbiter for Financial Services or the UK Financial Ombudsman Service in respect of any act or omission of Lilja Capital, which is or is alleged to be in breach of the Rules. In addition, there is no client compensation scheme in force under the UK Financial Services and Markets Act 2000 (FSMA) that the Client may benefit from, in circumstances where Mirabella defaults, since the Client is not an eligible claimant (as defined in the relevant Rules) for the purposes of the UK Financial Services Compensation Scheme.

Risk information

Transactions in financial instruments are associated with certain risks. It is important that you are familiar with and understand these risks before engaging with Lilja Capital Advisory Partners with respect to any such transactions. For more information regarding the risks involved, please refer to the brochure “Risks Involved in Trading Financial Instruments” prepared by the Swiss Bankers Association (SBA), which is available at the following link.

Lilja Capital Advisory Partners does not make personal recommendations to acquire or dispose of financial instruments and, as such, does not assess the appropriateness or suitability of an investment. It is the sole responsibility of the Client to decide whether it has the knowledge and experience to make an investment, whether the investment corresponds to its financial situation and investment objectives, and, ultimately, whether or not to make an investment.

Risks Involved in Trading Financial Instruments

Product information

Lilja Capital Advisory Partners assists companies in raising capital through equity and debt private placements. We also assist with fund placements in strategic situations, when acting for funds in our focus industry sectors. As such, we work with a selected number of companies and fund managers and do not offer a comprehensive market survey. Clients that we engage with on each particular transaction will receive relevant product information from the issuing company or fund manager, as the case may be. Investors should review the information received from the company or fund and make their investment decision based on these materials only. Lilja Capital Advisory Partners does not prepare any product information for financial instruments and does not assume any responsibility for the accuracy, completeness and legality of the product information provided by the company, fund or any other third party.

Inducements

Lilja Capital Advisory Partners may receive the following minor non-monetary benefits from third parties in connection with our interactions with you:

  • information or documentation relating to a financial instrument or investment service, that is generic in nature or personalised to reflect the circumstances of an individual Client;
  • written material from a third party that is commissioned and paid for by a corporate issuer or potential issuer to promote a new issuance by the issuer, or where the third party firm is contractually engaged and paid by the issuer to produce such material on an ongoing basis, provided that the relationship is clearly disclosed in the material and that the material is made available at the same time to any firms wishing to receive it, or to the general public;
  • participation in conferences, seminars and other training events on the benefits and features of a specific financial instrument or an investment service;
  • hospitality of a reasonable de minimis value, including food and drink during a business meeting or a conference, seminar or other training event; and
  • research relating to an issue of shares, debentures, warrants or certificates representing certain securities by an issuer, which is: (i) produced prior to the issue being completed, by a person that is providing underwriting or placing services to the issuer on that issue; and (ii) made available to prospective investors in the issue.

Commission

Lilja Capital Advisory Partners acts as placement agent for companies and funds and receives a commission from companies, fund managers and sponsors, as the case may be, in connection with the offer and sale of securities to investors. Such commission is typically based on a percentage fee of the total transaction size (in equity and debt private placements the percentage fee varies depending on the transaction, while for fund placement it typically ranges between one to five per cent of the capital invested or committed) and the commission may include a fixed and a discretionary component.

 

November 2021