1.7%
Prognozowany średnioroczny wzrost (CAGR) europejskiego rynku aftermarket do 2035 roku.
BCG2024Europe
The right of an investor to recover their investment before other shareholders in the event of a company sale.
Why it matters
Protects the investor's capital in scenarios where the company sells for less than expected.
What's missing without it
Without this clause, a fund often won't invest at all — it's their safeguard against poor outcomes.
When it is used
In the term sheet and in the shareholders' agreement.
How we use it
Single with no participation: the investor gets either their 2 million USD or their percentage of the sale proceeds — not both.
Fun fact
The 'with participation' variant means the investor gets their initial amount first, and then also a percentage of what remains. In a weak sale, founders may end up with nothing even if the transaction is worth tens of millions.
Numbers worth knowing
Investments in data
116 000 000 000 EUR
Prognozowana wartość europejskiego rynku aftermarket w 2035 roku, w porównaniu z 99 mld EUR w 2025 r. (na poziomie hurtowym, bez robocizny).
BCG2035Europe
75%
Odsetek konsumentów gotowych korzystać z agentów AI jako osobistych asystentów zakupowych.
Accenture06/2025global
Figures from the same field — collected in our market data base.