Glossary entry (derived from question below)
French term or phrase:
sortie préférentielle
English translation:
preferential exit
Added to glossary by
Alain P.
Feb 27, 2009 13:33
15 yrs ago
5 viewers *
French term
sortie préférentielle
French to English
Bus/Financial
Finance (general)
le droit ou pas de vendre ses parts à un tiers dans des conditions fixées à l'avance
Proposed translations
(English)
| 4 +2 | preferential exit |
Alain P.
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| 4 | the solutions to be preferred |
Ellen Kraus
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| 4 | granting of preferred stock |
joehlindsay
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| 2 | Preferential Release |
Angelina Penkova
|
Change log
Mar 1, 2009 17:36: Alain P. Created KOG entry
Proposed translations
+2
40 mins
Selected
preferential exit
Here is an example: http://www.innovationfund.ac.za/seedfunds/seedfunds-summary
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Note added at 53 minutos (2009-02-27 14:27:08 GMT)
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In fact it has to do with the "exit process" from an investment, meaning to get back the money (or other assets if you are a venture founder for example) you have invested in a venture.
In the link above there is a paragraph saying:
"the Innovation Fund typically:
- Requires preferential exit to BEE investors for its equity position, and requires a veto right on any share transaction that results in more than 49% of the company being foreign owned. "
Meaning that "BEE investors" will have priority on other investors to sell their shares
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Note added at 57 minutos (2009-02-27 14:31:39 GMT)
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Here is a link giving a definition and explanation about "Exit Strategy":
"A fund's intended method for liquidating its holdings while achieving the maximum possible return. These strategies depend on the exit climates including market conditions and industry trends. Exit strategies can include selling or distributing the portfolio company's shares after an initial public offering (IPO), a sale of the portfolio company or a recapitalization."
http://vcexperts.com/vce/library/encyclopedia/glossary_view....
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Note added at 59 minutos (2009-02-27 14:33:03 GMT)
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The answer could frased this way also: "preferential exit solutions (or conditions)"
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Note added at 53 minutos (2009-02-27 14:27:08 GMT)
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In fact it has to do with the "exit process" from an investment, meaning to get back the money (or other assets if you are a venture founder for example) you have invested in a venture.
In the link above there is a paragraph saying:
"the Innovation Fund typically:
- Requires preferential exit to BEE investors for its equity position, and requires a veto right on any share transaction that results in more than 49% of the company being foreign owned. "
Meaning that "BEE investors" will have priority on other investors to sell their shares
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Note added at 57 minutos (2009-02-27 14:31:39 GMT)
--------------------------------------------------
Here is a link giving a definition and explanation about "Exit Strategy":
"A fund's intended method for liquidating its holdings while achieving the maximum possible return. These strategies depend on the exit climates including market conditions and industry trends. Exit strategies can include selling or distributing the portfolio company's shares after an initial public offering (IPO), a sale of the portfolio company or a recapitalization."
http://vcexperts.com/vce/library/encyclopedia/glossary_view....
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Note added at 59 minutos (2009-02-27 14:33:03 GMT)
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The answer could frased this way also: "preferential exit solutions (or conditions)"
Peer comment(s):
| agree |
Jenn Mercer
40 mins
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Thank you Jenn
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| agree |
joehlindsay
: It could be this, depending on the context, or granting of preferred stock as in the answer below.
13 hrs
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thanks joe, yes preferential exit agreement includes the granting of preferred stock, even if as stated in your exemple below "Clause de Sortie Préférentielle" means "preferential exit clause" and "action de préférence" means "preferred stock".
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4 KudoZ points awarded for this answer.
Comment: "Merci Alain!"
26 mins
Preferential Release
I think this has to do with the release and allocation of shares.
49 mins
Ellen Kraus
Austria
Austria
Austria
more than thirty years of experience
Native in: German 
Works in: Greek to German, English to German, Greek to English, and 5 more.
the solutions to be preferred
solutions in the sense of ways out (as a sort of escape route)
13 hrs
granting of preferred stock
Often when companies are taken over, or a sizable amount of capital is invested, the acquirer or financier asks for stock with special privileges which is called preferred stock.
The following passage explains sortie préférentielle in French. The stock is called 'preferred stock' in English.
Clause de sortie préférentielle
Très classiquement, les investisseurs se voient accorder une part préférentielle du prix global de transmission en cas de changement de contrôle ainsi qu’un versement prioritaire du boni de liquidation dans l’hypothèse où la société se trouverait dissoute par anticipation. Ces avantages leur permettront de sécuriser, dans la mesure du possible, une sortie au prix de revient. Depuis la réforme des valeurs mobilières intervenue en 2004, de nombreux professionnels du capital investissement demandent que leur soient attribuées des actions de préférence auxquelles ces prérogatives seront attachées.
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Note added at 14 hrs (2009-02-28 04:01:02 GMT)
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Also, in the UK there is what is called 'preference share without voting rights'. In the US, these are called either 'preferred non-voting stock', or 'preferred share without voting rights'.
The following passage explains sortie préférentielle in French. The stock is called 'preferred stock' in English.
Clause de sortie préférentielle
Très classiquement, les investisseurs se voient accorder une part préférentielle du prix global de transmission en cas de changement de contrôle ainsi qu’un versement prioritaire du boni de liquidation dans l’hypothèse où la société se trouverait dissoute par anticipation. Ces avantages leur permettront de sécuriser, dans la mesure du possible, une sortie au prix de revient. Depuis la réforme des valeurs mobilières intervenue en 2004, de nombreux professionnels du capital investissement demandent que leur soient attribuées des actions de préférence auxquelles ces prérogatives seront attachées.
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Note added at 14 hrs (2009-02-28 04:01:02 GMT)
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Also, in the UK there is what is called 'preference share without voting rights'. In the US, these are called either 'preferred non-voting stock', or 'preferred share without voting rights'.
Discussion
..il ne faut pas se bloquer sur la simple répartition initiale des parts de la société.
On pourra négocier sur les étapes ultérieures sur la limitation de la dilution, les actions donnant doiit our pas à la prise de décision, les sorties préférentielles....