SLIDE 1
Table of Contents
Section 1
NECA Profile
Section 2
Credentials
Section 3
New Europe Capital Partners
Section 4
NEW EUROPE CORPORATE ADVISORY Company Presentation Table of - - PowerPoint PPT Presentation
NEW EUROPE CORPORATE ADVISORY Company Presentation Table of - - PowerPoint PPT Presentation
NEW EUROPE CORPORATE ADVISORY Company Presentation Table of Contents NECA Profile Section 1 Section 2 Credentials Section 3 New Europe Capital Partners Contacts Section 4 Section 1 NECA Profile Company, Services Company Presentation
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SLIDE 3
Section 1
NECA Profile
Company, Services
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Company Presentation and Proposal for Cooperation
Company Profile
History and Current Status
NECA Profile
New Europe Corporate Advisory, Ltd. (“NECA”) is a Sofia-based corporate finance and consulting boutique. NECA offers advisory services, including M&A, privatization, finance- raising, balance-sheet restructuring, and licensing tenders. NECA also has established partnerships with leading international management consultants to provide restructuring, profit optimization and post-merger integration consulting. Since 1996 NECA has gained valuable knowledge and experience in a variety of sectors shaping today’s economy and has accomplished a strong track record of transactions in Bulgaria and across its borders.
NECA Advantages
Energy and utilities – corporate finance business focus Participation in all major energy transactions in Bulgaria (coal, nuclear, gas, renewables) – power generation – electricity distribution – district heating, and – gas distribution
NECA History
Established 1996 as EPIC Bulgaria, a local branch of the European Privatization and Investment Corporation; In 2004 the company changed its name to NECA, when Mr. Kenneth Lefkowitz undertook an MBO, and became owner and Managing Partner. In 2005 NECA established its affiliate New Europe Capital Partners LLC. Since 2004 the company has developed close partnerships with A.T. Kearney and Trust & Value
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Services
Diverse Expertise
Mergers & Acquisitions
Business planning and financial modelling Target identification and selection Due diligence, valuation and deal structuring Strategic advice and negotiation support
Finance Raising
Strategy articulation and business plan development Identification of potential investors and pre-marketing Preparation of information memoranda, valuation and deal structuring Investor due diligence facilitation Negotiation support and closing
Regulatory Advisory
Economic analysis of current frameworks in regulated utilities and forecast of future regulatory developments Regulatory financial modelling with a view to the impact on valuations
Management Consulting (in cooperation with partners)
Post-merger integration Process optimization, cost cutting, and profit improvement Strategic consulting
Company Presentation and Proposal for Cooperation
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Section 2
Credentials
Success Stories, Track Record by Sector
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NECA Credentials
Success Stories
Energy, Financial Institutions
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NECA Credentials
Success Stories
Finance Raising
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NECA Credentials
Track Record
Energy (1/3)
NECA is acting as sell-side advisor to a local developer of a 39MW wind power project. NECA is carrying out a site selection study for a new CCGT power plant for a leading European energy company. NECA is advising an international consortium on its bid and physical and financial hedging strategy for a greenfield lignite-fired TPP in Kosovo. Together with A.T. Kearney NECA advised a leading European producer and distributor of electricity
- n a major
corporate restructuring of its Bulgarian subsidiary in compliance with local regulatory requirements. NECA was engaged by a major European energy company to prepare a report on the Bulgarian RES power market (price forecasts and overview of regulatory frameworks). NECA advised a major European energy company on its bid for construction and operation of a NPP in Bulgaria. NECA advised a European energy company on the acquisition of a hydro power plant in Bulgaria. NECA’s scope of work includes valuation, preparation of a strategy for negotiations with the owners of the plant, due diligence support and coordination, and assistance in bid preparation. CONFIDENTIAL CONFIDENTIAL
2006 2007 2008 2007 2006
CONFIDENTIAL
2008 2008
CONFIDENTIAL
2008 2009
CONFIDENTIAL
2007 2009
CONFIDENTIAL
2008 2009
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NECA Credentials
Track Record
Energy (2/3)
Supporting New Europe Capital Partners in ongoing pre-feasibility assessment work regarding wind power development. NECA advised a major European energy company on its bid for the West Region gas distribution license. NECA was responsible for the preparation of a regulatory financial model, as well as bid strategy and lobbying. NECA advised ENER-G on its bid for the privatization of District Heating Company Varna (DHC Varna). NECA was responsible for preparing a valuation model for DHC Varna. NECA, jointly with A.T. Kearney, advised ENEL S.p.A. in its bid in the privatization
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Bulgarian power generation companies (TPP Varna, TPP Bobov Dol and DHC Russe). NECA acted as the regulatory and market consultant for the client with its scope covering regulatory framework, fuel and power market analysis. NECA advised a consortium of New Europe Capital Partners and Reform Capital on a bid for 104 MW of hydropower assets in Bulgaria. NECA advised Dalkia International on bidding in the privatization of DHC Pleven. NECA’s scope involved advice on bid strategy and deal structure, regulatory financial modelling and valuation as well as lobbying and due diligence coordination.
2005 2004 2004
Reform Capital
2006 2006
CONFIDENTIAL
2007
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NECA Credentials
Track Record
Energy (3/3)
NECA, jointly with A.T. Kearney, advised Enel S.p.A. on its bid in the gas distribution license tenders for the Trakia Region and the West Region. The consortium was responsible for the preparation of bid documentation (including business plan and regulatory financial model), and for coordination of regional market studies. NECA, jointly with A.T. Kearney, advised Enel on its bid in the privatization
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Bulgarian electricity distribution
- companies. The consortium acted as economic advisor in
developing the post-privatization business plan. NECA successfully advised AMGA (Italy) and its Bulgarian subsidiary Black Sea Technology Company on acquiring gas distribution licenses for Moesia Region and Dobrudza Region. NECA led the overall bid preparation process, including coordination of market studies, business plan development, regulatory financial modelling and lobbying and positioning for the client. NECA supported the State Energy and Water Regulatory Commission with pre-transaction advice, analysis of other countries’ experience in gas distribution licensing and liberalization and prepared a strategy for the retail gas market development as part of the World Bank sponsored project Bulgaria: Development of Natural Gas Networks.
2004 2004 2003 2004
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New Europe Corporate Advisory
Team
Short CVs
- Mr. Lefkowitz has broad experience in corporate finance, asset management, licensing
tenders, real estate development, and private placements, with completed transaction volume in Bulgaria in excess of EUR 120 million. He joined EPIC Bulgaria (now NECA) in 1997, having previously managed a boutique investment research firm. From 2000 to 2003 he served as Director of Nadejda Privatization Fund. Mr. Lefkowitz also served on the Board of Directors of cosmetics leader Alen Mak and was a member of the advisory board of AbC.R.O., Inc., a U.S. pharmaceutical outsourcing firm active in Southeast
- Europe. Mr. Lefkowitz is currently a member of the advisory board of BREO Select LLC,
a developer of boutique hotels in Bulgaria. He is a past President of the American Chamber of Commerce in Bulgaria.
- Mr. Chorbadjiev is a senior consultant to NECA on energy and infrastructure. Prior to
joining NECA and NECP, Mr. Chorbadjiev served as head of RWE’s representative office in Sofia, with extensive involvement in the fields of energy, water, environment and
- construction. His career includes also a number of senior management positions in
Bulgarian enterprises, including Technica and Isotimpex. Mr. Chorbadjiev has advised the Bulgarian government in the field of foreign investments and for total 10 years served as trade representative of the Republic of Bulgaria to Japan and Germany.
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Section 3
New Europe Capital Partners
Profile, Team
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New Europe Capital Partners
Company Profile
Key Facts, Services, Partners
New Europe Capital Partners LLC (NECP) Newly established company based in the USA Affiliate of NECA Services Private equity investments with strategic and financial sponsors Capital raising services Real estate advisory Syndicated equity and debt finance for real estate development in Bulgaria Team Kenneth Lefkowitz Ivan Chorbadjiev
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New Europe Capital Partners
Team
Short CVs of the Partners
- Mr. Lefkowitz has broad experience in corporate finance, asset management, licensing
tenders, real estate development, and private placements, with completed transaction volume in Bulgaria in excess of EUR 120 million. He joined EPIC Bulgaria (now NECA) in 1997, having previously managed a boutique investment research firm. From 2000 to 2003 he served as Director of Nadejda Privatization Fund. Mr. Lefkowitz also served on the Board of Directors of cosmetics leader Alen Mak and was a member of the advisory board of AbC.R.O., Inc., a U.S. pharmaceutical outsourcing firm active in Southeast
- Europe. Mr. Lefkowitz is currently a member of the advisory board of BREO Select LLC,
a developer of boutique hotels in Bulgaria. He is a past President of the American Chamber of Commerce in Bulgaria.
Kenneth Lefkowitz Partner
- Mr. Chorbadjiev is a senior consultant to NECA on energy and infrastructure. Prior to
joining NECA and NECP, Mr. Chorbadjiev served as head of RWE’s representative office in Sofia, with extensive involvement in the fields of energy, water, environment and
- construction. His career includes also a number of senior management positions in
Bulgarian enterprises, including Technica and Isotimpex. Mr. Chorbadjiev has advised the Bulgarian government in the field of foreign investments and for total 10 years served as trade representative of the Republic of Bulgaria to Japan and Germany.
Ivan Chorbadjiev Partner
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Section 4
Contacts
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Contacts
Contact Information
NECA, NECP