Subject: Re: Deal Prospect - Roboteam
From: "Neil Callahan" <[email-masked]>
To: "John DeLoche" <[email-masked]>
Cc: "William Lee" <[email-masked]>, "John DeLoche" <[email-masked]>, "Devon Archer" <[email-masked]>, "Rob Walker" <[email-masked]>, "Hunter Biden" <[email-masked]>, "Sebastian Momtazi" <[email-masked]>
Date: Mon, 19 May 2014 17:49:45 -0400

Deal source is my friend Avi who you've all met.  Avi thinks he can put
together $2-5m of a syndicate.  $50-80m post, but no real bid, early in the
process.  For P&L we might need to do a call / NDA first, will inquire.

On Mon, May 19, 2014 at 5:45 PM, John DeLoche
<[email-masked]>wrote:

> Looks interesting. Can we get a full P&L?  What is the deal source? Any
> valuation guidance?  Thanks
>
> Sent from my iPhone
>
> On May 19, 2014, at 2:33 PM, Neil Callahan <[email-masked]>
> wrote:
>
> Hey guys,
>
> Take a look at Roboteam.
>
> They are in the unmanned systems space (i.e., robotics, drones, etc.)
>
> Strong adoption by the US Military, Law Enforcement and First Responders.
>
> Genesis is R&D/Tech from the Israeli military (tech has been used in
> fighting in the tunnels of Lebanon and Sinai where Iran has put thousands
> of missiles and military supplies).
>
> Financials meet our criteria:
>
>    - Did $12.2m in revenue in '13 with $1.1m of EBITDA.  Did $4.8m in
>    revenue in '12.
>    - '14 plan is to do $20m in revenue (greater than 50% growth) and $3m
>    of EBITDA.
>    - Projected $115m in new orders in '15/'16.
>
>
> Strong exit potential to folks like Google, Amazon, and the military
> contractors who are all investing in robotics and unmanned systems
> technologies.
>
> Currently and Israeli company, but open to establishing as a US company,
> to be discussed.
>
> No institutional investors to date.
>
> RSTP value add in helping them grow is clear.
>
> Looking to raise $5-15m to build out to capture current demand.
>
> Take a look and let me know if you want to have a call to review.
>
> Best,
>
> Neil
>
>
> --
> Neil Callahan
> Rosemont Seneca Partners
> 917-945-9516
>
> <Roboteam Overview RSTP Confidential.pdf>
>
>

-- 
Neil Callahan
Rosemont Seneca Partners
917-945-951