Sunday, February 26, 2017
Copyright © 2008-2017, OxValue Advisers SL. All rights reserved.

PRIVATISATIONS

MONTENEGRO
- Sell side financial
advisory to the government of Montenegro on the privatisation of a commercial bank. Tasks performed were: preliminary market assessment, vendor’s due diligence, bank valuation, formulation of the privatisation strategy, drafting of tender documentation: information memorandum, tender rules, data room content and access rules, escrow account agreement; establishing contacts and negotiations with potential strategic investors and drafting the shares purchase and sale contract.

COSTA RICA

- Sell side financial advisory on the privatization of a commercial bank. Duties included the diagnostic review, due
diligence, bank valuation, drafting of tendering documents, sale strategy and marketing.

DOMINICAN REPUBLIC

- Sell side financial advisory to the State Sugar Board in the privatisation process of sugar factories.

Friday, February 17, 2017

DUE DILIGENCE

RUSSIA
- Due diligence review of two commercial banks aimed at evaluating their eligibility as beneficiaries to the World Bank and EBRD’s sponsored Financial Institutions Development program.

- Due diligence review and the formulation of a seven years business plan of a private bank operating in Nizhny Novgorod. The assignment was a precondition for an equity participation by the European Bank for Reconstruction and Development.

- Assessment of the financial condition, business strategy and credit granting capabilities of a private commercial bank in connection with a credit line extended by the EBRD. Tasks included the design of a business strategy model specially tailored to provide strategic insight to the bank’s Chief Executive Officer, management information tools, credit analysis, budgeting and controlling.

CHINA
- Assistance to the World Bank in the evaluation of the financial and operational condition of two commercial banks and their compliance with prudent banking standards with regards to minimum capital requirements, credit culture, corporate governance, risk management and liquidity controls.


VIET NAM

- Assistance to the World Bank in the evaluation of the financial condition and compliance with sound banking
standards of two state owned banks, with regards to minimum capital requirements and business performance.

MACEDONIA

- Evaluation of the financial, organizational and operational condition of two commercial banks set for merger. Duties carried out included the formulation of a mid-term business plan and advice on the feasibility of EBRD’s equity participation.

POLAND

- Advisory to the European Union in the evaluation of the financial condition of 500 cooperative banks.

UZBEKISTAN

- Due diligence review of three commercial banks and assessment of their eligibility as recipients of a credit line extended by the European Bank for Reconstruction and Development.


Friday, February 17, 2017

FINANCIAL REGULATION

DOMINICAN REPUBLIC
- Assistance to the Superintendence of Banks in the definition of classification, measurement, valuation criteria, as well as provisioning disclosure and accounting methodologies of financial assets as per IFRS 32 and 39.

- Assistance to the Superintendence of Banks on the evaluation of commercial banks’ business plans and drafting
memorandums of understanding derived from the review. The assignment focused on the evaluation of regulatory requirements met by banks with respect to: capital adequacy, bad debt provisioning, and business sustainability.

CHINA

- Assistance to the China Securities Regulatory Commission with the provision of a policy guidance manual outlining the handling of the liquidation and resolution of non-banking financial institutions, including inter alia: capital requirements, investor protection schemes, intervention and disciplinary measures, international accounting and auditing standards.

ECUADOR
- Economic and regulatory assessment of an electronic money transfer system to process international remittances through credit cooperatives.


Friday, February 17, 2017

BANKING RESTRUCTURING

ECUADOR
- Business and operational restructuring of a commercial bank. Services provided included: drafting a new organisation chart, corporate governance code, ethics and conduct codes, strategic planning, value based management tools, economic splitting of group companies and the appointment and leadership of an internal task force responsible for the improvement of the overall condition of the bank, encompassing business development, operations, internet banking, new products design and development, information systems, financial planning and controlling.

- Project management on the restructuring process of a distressed commercial bank aimed to its further reprivatisation.


- Restructuring of the operational infrastructure, -front, middle and back office- of a private commercial bank.


RUSSIA

- Restructuring of a private commercial bank. The assignment was to define the bank´s mission, its short and medium term business strategy and competitive market position. Advisory included the improvement of the bank’s organizational structure, management information systems, business policies, financial and cost accounting and internal audit procedures.

LITHUANIA

- Restructuring of a commercial bank set for privatisation aiming at increasing its market value prior to calling potential strategic investors.

UKRAINE

- Restructuring of a commercial bank on behalf of the EU Tacis development program, in the areas of risk management, investments and management information systems.

- Restructuring of a commercial bank. Design of financial performance measurement tools and definition of assets and liabilities management strategies.


Friday, February 17, 2017

TRANSACTION ADVICE

SPAIN
- Financial advisory to a multinational company specializing in the manufacturing of flat glass. Services included the drafting of the Information Memorandum, mid-term business plan, company valuation and first and second €57 million equity raising rounds with venture capital firms and other potential investors.

- Valuation of two mid-size printing companies set for merger.


- Financial advisory to a startup low cost airline company. Formulation of the company’s 5yr business plan,
presentation to potential investors, drafting the information memorandum and the investment and financing strategies.

RUSSIA

- Corporate finance advisory to the Moscow Interbank Currency Exchange under the EU Tacis program, focusing on capital raising strategies and business planning topics addressed by middle market companies.

MACEDONIA

- Advisory on a strategic equity investment into a Macedonian private bank involving the EBRD and a commercial international bank.

NAMIBIA
-
Financial advisory services to a Social Enterprise's aquaculture expansion project. The project entails the assessment of the venture's economic and financial viability and the formulation of a mid-term business plan that will serve as the basis for raising equity and debt finance from international and local investors.



Friday, February 17, 2017

RENEWABLE ENERGIES

SPAIN
- Financial assessment and fairness opinion on a portfolio of renewable energy assets owned by a financial institution
. The portfolio was made of 13 wind parks with a capacity of 768MW and total investment in excess of €695 million.

- Sell side advisory of three solar parks with an installed capacity of 10MW valued at €90 million. Tasks included contacts to international investors, valuation of shares, data room organisation, drafting letters of intent and assistance to sale
negotiations.

- Sell side advisory to a promoter of 18 wind parks with a planned capacity of 503.7MW and investment value of €317
million. Advisory included road shows to potential investors, valuation of wind parks, data room organization, drafting share purchase agreements and assistance to negotiations with interested investors.

CHILE

- Assistance on behalf of the IFC in scoping out the geothermal sector in Chile. Main tasks included: data gathering, on-the ground assessment
of market conditions, meeting with key market participants and government officials, mapping out key stakeholders, potential investors, other private sector players and assessing the likely investments needed and timing required.

PERU

- Assistance on behalf of the IFC in scoping out the geothermal sector in Peru. Main tasks included: data collection, on-the ground-assessment of market
conditions, meeting with key market participants and government officials, mapping out key stakeholders, potential investors, other private sector players and assessing the likely investments and timing required.

Friday, February 17, 2017

GOVERNMENTS

DOMINICAN REPUBLIC
- Advisory to the European Union DG VIII, in the structural adjustment program to the Dominican Republic. Work performed included the drafting of two protocols regulating the use of counterparty funds originated from the sale of fossil fuels for the amount of $US30 million to be invested into social programs in the areas of education, health
and drinkable water supply.

CROATIA

- Assessment on the financial and economic feasibility of Dubrovnik port's passenger cruise terminal on behalf of the European Bank for Reconstruction and Development. The assignment encompasses the formulation of a long-term business plan including the financing of piers’ expansion, drafting of a
pitch and information memorandum and concession agreement.

ALBANIA

- Review of internal control procedures and accounting criteria applied for inventory management purposes by a government owned electricity company.

Friday, February 17, 2017

SAMPLE OF PROJECTS UNDERTAKEN