nexgen corporate write-up.pdfmanaging public offerings – ipo, fpo, rights issue, qip, preferential...

NEXGEN Financial Solutions Pvt. Ltd.Merchant Banker. SEBI Regn No. INM 000011682

www.nexgenfin.comWeb: Email id: [email protected]

NEXGEN 709, Madhuban Building, 55, Nehru Place, New Delhi – 110019

Tel.: + 91-11-30682000 , Fax : + 91-11-30682111

Financial Solutions Pvt. Ltd.together we can...

Corporate Write-up

NEXGEN Financial Solutions Pvt. Ltd.Category - 1 Merchant Banker. SEBI Regn No. INM 000011682


NEXGEN

NEXGEN An Introduction: NEXGEN Team’s Deals include:

709, Madhuban Building, 55, Nehru Place, New Delhi – 110019

Tel.: + 91-11-30682000 , Fax : + 91-11-30682111

Debt Syndication

Term Loan Syndication

Working Capital Syndication

Financial Restructuring

IPO & Pre IPO Advisory Services

Private Equity Syndication

Fair Valuation of Shares

Valuation for Equity Placement

Valuation Services

Valuation for Relisting Purposes

Portfolio Valuation for Investors

Fairness Opinion & Valuation for

M&A of Listed Companies

Advisory

Services

International

Capital Market Services

Domestic

Capital Market

Services

Domestic Market Offerings

Initial Public Offer , Follow on Public Offer,

Buy Back Offering, Delisting, Disinvestment

Qualified Institutional Placements

Corporate Bond Issue

Integrated services starting from planning

up to successful execution for the following:

ADRs/ GDRs/ AIM Listing

Foreign Currency Convertible Bonds

Rights Issue, Preferential Allotment

NEXGEN

International Market Offerings


.......................................................................

: Valuation of Global Corporates

Companies

SEBI Registered (Category - 1) Permanent Merchant Banker

NEXGEN Financial Solutions Pvt. Ltd.Merchant Banker. SEBI Regn No. INM 000011682


NEXGEN 709, Madhuban Building, 55, Nehru Place, New Delhi – 110019

Tel.: + 91-11-30682000 , Fax : + 91-11-30682111


Corporate Brief

NEXGEN Financial Solutions Pvt. Ltd. (“NEXGEN”) is a SEBI Registered (category - 1)Permanent Merchant Banker provides integrated Debt & Equity Solutions to power Sector, especially the Clean Energy Sector. NEXGEN’s track record includes:

@ More than Rs. 50,000 Cr (US $ 8 bn approx.) of Fund Raising during last decade including : § Gujarat State undertakings: Rs. 32,000 Cr. (approx.)

§ Private Sector : Rs.10,000 Cr. (approx.)

§ Other States : Maharashtra, Rajasthan, Andhra Pradesh, Himachal, Madhya Pradesh & others

@ Financial Advisory practice covering : § Power Generation § Power Transmission & Distribution § Roads & Highways

@ includes : § Financial Advisor to Gujarat Solar Mission - 2009.§ Largest Solar Power Financial Advisors With Financial Closure in excess of

400 MW (6% of India’s Solar Financing)

@ VALUATION ADVISOR to Global Leaders including :

@ PROUD about : Repeat business of all clients – Govt. & Private Sector

Renewable Energy Focus

ExxonMobil Corporation, USA Nestle, S.A. Schneider Electric, S.A LinkedIn Corporation, USA First Solar Inc., USA Parexel International Corporation, UKPearson Plc, UK Fabindia Overseas Pvt. Ltd., India Evalueserve Limited, Bermuda NCR Corporation, USA & others……

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(Now taken over by Microsoft)

NEXGEN Financial Solutions Private Limited

Private & Confidential www.nexgenfin.com Page 1 of 13

1. Our Introduction :

NEXGEN is a “SEBI registered (Category - 1) Permanent Merchant Banker” with current focus on Infrastructure especially Clean Energy Sector. It provides following products and services:

1.1 Debt:

Debt Syndication - Syndicating Debt for the various State Govt., SLUs, Private & Public owned Corporations

Debt Restructuring - Restructuring the terms including the Interest Rate, Tenor & others to achieve desired efficiency by the borrower

Corporate Bond Issue & Placement

1.2 Equity:

Private Equity from PE Fund Managers

IPO & Pre IPO Advisory Services

Managing Public Offerings – IPO, FPO, Rights Issue, QIP, Preferential Allotment, etc.

1.3 Valuation Services:

Fair Valuation of Shares

Valuation for Equity Placement

Portfolio Valuation for Investors, Lenders etc

Fairness Opinion & Valuation for M&A of listed companies

2. Our team has to their credit a total experience of Fund Syndication in excess of Rs. 50,000 cr (more than US $ 8 bn) in the last few years for Infrastructure Sector.

3. NEXGEN’s, Team has served other various respected & reputed clients including:

3.1 State Govt. (Rs. 3,300 cr - Debt) (Andhra Pradesh, Rajasthan, Nagaland &

Himachal Pradesh),

3.2 State Govt. Undertaking (38,000 cr – Debt & Rs. 2,000 cr – Equity) Gujarat(Rs.31,075 cr.) : GSEG, GIPCL, GACL,GEB, GUVNL,GSECL,BECL,

GPPC, GETCO

Financial Advisor to Gujarat Solar Mission since 2009



Maharashtra( Rs. 625 cr.) : MSEB, MSRDC

Madhya Pradesh( Rs. 650 cr.) : NHDC

Andhra Pradesh (Rs. 150 cr.) : HMWSSB

Himachal Pradesh ( Rs. 500 cr.) : HPSEB, HPIDB

Bihar (Rs 2114 Cr.) : BSPHCL, BSPGCL

3.3 Central Govt. Undertaking (Rs. 3,200 cr – Debt) : SJVNL

3.4 Private Sector Infrastructure Companies (Rs. 10000 cr.) (Jaypee Group, CSEC, OPG, HPPPL –formerly known as Moser Baer etc.)



4. Our Board of Directors :

4.1 Mr. Prem Singh, I.F.S. (Retd.) – CHAIRMAN

Former Indian High Commissioner to Singapore Former Advisor & Vice Chairman-Cum-CEO of Foreign Investment Promotion

Board, Government of Haryana Fellow, Centre for International Affairs, Harvard University, USA

4.2 Mr. Anoop Murari, IIT (Mumbai), IIM (Calcutta)

Three decades of experience in the Corporate Finance & Investment Banking with various corporates including Union Carbide India Ltd, Shipping Corporation of India, Apple Computers Inc.

4.3 Mr. Himanshu Goyal, ACA, L.L.B

Practicing Chartered Accountant with more than 8 years of experience, handling varied tax matters at CIT (A), ITAT and CBDT level. Providing tax advisory services to various PSU’s and Institutions

4.4 Mr. Hitender Mehta, FCA, FCS, L.L.B

Former Chairman of NIRC ICSI – Calendar Year 2008 Practicing lawyer in areas like Corporate, Tax and Business Advisory Services A recognized expert on SEZ Policy & Procedure

4.5 Mr. Sanjeev Gupta, Managing Director & Co- Founder

Chartered Accountant with an experience of more than two decades in fund raising Have spearheaded raising of funds (Debt and equity) in excess of Rs. 30,000cr (US$

6 bn) both nationally and internationally.

4.6 Dr. Namita Gupta, Director

Qualified BHMS, with an experience of more than 8 year in Fund raisings. She has handled transactions in both debt & equity segment in excess of 2700 crs.

Other members of the Board include eminent professionals & retired SBI official (with three decades of experience). Besides our Team comprises of Chartered Accountants (CAs), Company Secretaries (CS), Lawyers (LLBs), Management a graduate (MBAs), Engineers & CFAs



Team NEXGEN’s Track Record with GOVT. of GUJARAT Companies

EXECUTIVE SUMMARY

NEXGEN’s deep relationship with GUJARAT & Our contributions to Gujarat’s Energy Sector is summarized below: Rs. 20,000 Crore + of Debt – Syndication by Team NEXGEN (details enclosed)

Interest Savings through Interest rate re-setting at GEB & various Gujarat

Government Companies.

Helping the turnaround of Gujarat’s Energy Sector, since 2001 (losses being Rs.20,000 Cr around) to 2013 (all Government of Gujarat Companies being Profit making NOW).

Helping “Key Strategic” thought process in “Gujarat’s Energy Sector” including :-

Increasing efficiency in the Transmission & Distribution Sector of Gujarat.

Cost Saving including interest saving in Gujarat Govt Companies since 2001, continuously.

‘Innovative Financial Structuring’ in ‘GoG’s Energy Sector.

Associating & Catalyzing Innovative thought Process at “Pandit Deendayal Petroleum University (PDPU)”, at Gandhinagar, Gujarat.

Catalysing the thought process for “An Innovation & Incubation Fund”, at PDPU, at Gandhinagar.

Financial Advisor to Gujarat Solar Mission - part of the ‘think-tank’ since 2009:

contributions including evolution of Gujarat Solar Power Policy – 2009, funding of Charanka Solar Project & Financial closure of Solar Power Developers.

One of the “LARGEST” - Solar Power Debt Syndicator in with an aggregate Debt Syndication of Rs. 1,890 Cr. achieving Financial closure of 250 MW (spread over 14 SPVs):

being 23% of total 1,000 MW executed in Gujarat till 15.07.2015. and 6% (+) of total 4,096 MW executed in India till 15.07.2015.



GUJARAT Transaction Track Record

Company Name of the

Client Year

Amount (Rs. in Cr.)

Execution

Gujarat Energy Transmission Corporation Limited Total (Rs in Cr): 5010

Mar’14 2400

Term Loan Syndication

Mar’13 900Sep’10 575Mar’09 1135

Total

5010

Gujarat State Electricity Corporation Limited

Total (Rs in Cr): 3531

Aug’11 500 Term Loan Syndication

Mar’08 1300 Loan Syndication – current effective rate is 9.9%

Mar’08 700 Pvt. Equity size of Rs. 500 cr. to 700 cr.

May’07 947 Loan Syndication

Sep’05 25 IFCI Term Loan Restructuring

Sep’05 59 IDBI Term Loan Restructuring- savings of Rs. 0.96 crore p.a

Total 3531

Gujarat Industries Power Company Limited

Total (Rs in Cr): 3115

Mar’13 925 Debt Re-structuring to the rate of 10.50% p.a.

Jul’04 1050 Loan Syndication – Parallel Sanctions received @ 7.75% from 2 institutions

Nov’03 700 Financial Restructuring from 14% to 9%, thus saving Rs. 35 Crore

2003-04 220 Book Building Issue –Leader of team coordinating pre issue responsibility

2003-04

220

Financial Reengineering – achieved premium of Rs. 7.5 Crore on bond sale

Total 3115



Bhavnagar Energy Company Limited Total (Rs in Cr): 259

Feb’11 259 Co- arranger for Loan Syndication

GSPC Pipavav Power Company Limited Total (Rs in Cr): 700

Jan’08 500 Private EquityJan’08 200 Loan Syndication

Total 700

Gujarat Electricity Board

Total (Rs in Cr):

9328

Jun’05 127 REC Term Loan Restructuring to cut costs

Jun’05 200

Loan @ 7.5% p.a. fixed in increasing interest rate scenario of March 05.

Jun’05 4046

Structured Interest Rate Swap of Bond Liabilities of GEB

Jan’05 2684

Restructured WC loans from 12 banks- saved Rs. 12 cr. p.a.

Dec’04 1171 Term loan Restructuring achieved from LIC & PFC in record time of 1 month

Jun’04 100 Loan Syndication at 7% p.a. fixed

Jan’04 1000 LIC in a path breaking initiative restructured GEB bonds

Total 9328



Gujarat Urja Vikas Nigam Limited Total (Rs in Cr): 673

Oct’05 160 Savings of Rs.3.2 crore p.a. achieved from REC interest rate of 10.5%

Sep’05 415

Unlocking Assets & Reduction of Term Loan Interest Rate from 9% to 7.5%

Apr’05 98 Bond Buyback of Rs. 98 crore

Total 673

Gujarat State Energy Generation Corp. Ltd. Total (Rs in Cr)

437

2003-04 217 Debt Restructuring from 14.5% to 7% p.a

2003-04 220 Financial Restructuring-Restructured from 13.25% to 9.5%

Total 437

Gujarat Alkalies and Chemicals Ltd. Total (Rs in Cr): 800

2003-04 800

Corporate and Financial Restructuring- Brought interest rate from 14% to 7.23%

Tourism Corporation of Gujarat Ltd.

Evaluation of various divestment options of the properties

Total – Gujarat Rs. In Cr. 23,853

23,853



Team NEXGEN’s Track Record with PRIVATE Sector Companies

WORK Done under GUJARAT Solar Mission

Company Name of the Client Year Amount

(Rs. in Cr.) Execution

Hindustan Cleanenergy Ltd.

Financial Closure of 250 MW Solar Power Project (Work done under Gujarat Solar Power Mission)

Mar’11-Till date

1890 Term Loan Syndication (14 SPVs)

OTHER Private Sector Companies

FACOR Power Ltd. Ongoing 510.98 Debt Restructuring

Adani Power Ltd. Feb’16 1000 Term Loan Syndication

Facor Power Ltd. Oct’14 50.86 Loan Syndication

NSL Nagapatnam Power &Infratech Ltd.

Jul’16 – Till date

125 Settlement of Dues & Monetization of Assets

SEW LSY Highways Limited

Nov’13-Till date

1824 Reappraisal of the project (post Shift in COD)

260 Quasi Equity Syndicated

400 Take out funding (replacing existing Lenders)

343.53 VGF Funding Total (Rs. In Cr.) 4514.37

SEW Infrastructures Limited

Nov’13 150 Quasi Equity Funds – For BOT Projects

OPG Power Gujarat Ltd. Nov’11 810

Term loan for 300 MW Solar Power Plant

Ganesh Housing Corporation Ltd.

Apr ’10-Apr ’11

49 Term Loan Syndicated

Swiss Park Vanijya Pvt. Ltd

Jan ’11 50 Term Loan for upcoming 5 MW Solar Power Plant under JNNSM

Total 1309



Team NEXGEN’s Track Record with Other STATE GOVT. Companies

Company Name of the Client Year Amount

(Rs. in Cr.) Execution

BIHAR TRANSACTIONS

Bihar State Power Generation Company Ltd.

Mar’13 1248 Debt Syndication - Project Finance

North Bihar Power Distribution Company Limited

Jan’13 215 Financing under Part B of R-APDRP Scheme

South Bihar Power Distribution Company Limited

Jan’13 651 Financing under Part B of R-APDRP Scheme

HIMACHAL PRADESH TRANSACTIONS

Himachal Pradesh State Electricity Board

2003-04 250 Loan Syndication

Himachal Pradesh Infrastructure Dev. Board


Satluj Jal Vidyut Nigam Limited


Govt. of Himachal Pradesh


ANDHRA PRADESH TRANSACTIONS

Govt. of Andhra Pradesh 2003-04 1200 Loan Syndication

Hyderabad Metropolitan Water Supply and Sewerage Board




RAJASTHAN TRANSACTIONS

Govt. of Rajasthan 2004-05 1200

Loan Syndication

NAGALAND TRANSACTIONS

Govt. of Nagaland 2003-04 407 Financial Restructuring

MAHARASHTRA TRANSACTIONS

Maharashtra State Electricity Board

2003-04 160 Debt Restructuring

Maharashtra State Road Development Corp. Ltd.

2003-04 465

Loan Syndication of Rs. 250 crore for Bandra Worli Sealink and Rs. 215 crore for Pune City Integrated Road Development Project

MADHYA PRADESH TRANSACTIONS

Narmada Hydro Development Corporation


KARNATAKA TRANSACTIONS

Krishna Bhagya Jal Nigam Limited

Advisor for Financial Restructuring – Existing High Cost borrowings swapped with Low Cost Funds.

CENTRAL GOVERNMENT UNDERTAKING TRANSACTIONS

National Highway Authority of India

Aug’03 Financial Advisor – JV Partner Search for Jetpur- Rajkot Bypass

National Highway Authority of India

Mar’04

Financial Advisor- JV Partner Search for roads on NH-3 &NH-33



Our VALUATION Track Record

Company Name of the Client Year Execution

ESOP VALUATIONS

LinkedIn Corporation, USA (An Online Professional Network Website)

Nov’11-Aug’16 34 Assignments

Axiom Global Inc., USA (A leading law firm)

Jan’17-June’17 2 Assignments

Fabindia Overseas Pvt. Ltd., India (India’s largest Company for making traditional and hand based products)

Mar’14 – April’17 8 Assignments

Organic India Pvt. Ltd, India (It is an internationally certified Organic Health & Wellness Products Manufacturing and Marketing Company)

Mar’15 – April’17 3 Assignments

Nestle, S. A. (World’s leading Nutrition, Health and Wellness Company)

Mar’12-Mar’16 6 Assignments

First Solar Inc., USA (Global provider of Photovoltaic (PV) Solar Energy solutions Company)

May’13-March’17

5 Assignments

Parexel International Corporation, UK (A Leading global bio/pharmaceutical services organization)

Dec’13 – March’17

7 Assignments

Pearson Plc, UK (A World leading learning Company)

May’10-Dec’13

6 Assignments

Evalueserve Limited, Bermuda (A Global Specialist in knowledge process)

Nov’13 – July’15 7 Assignments



Schneider Electric, S.A (Global Specialist in Energy Management)

Nov’13 – June’17 12 Assignments

NCR Corporation, USA (A Global Technology Company)

Aug’13 3 Assignments

Quintiles Transnational Corp., USA (Leading player in Global Pharmaceutical services)

July’12 1 Assignment

ExxonMobil Corporation, USA (World’s largest publicly traded International Oil & Gas Company & also the world’s largest Company by Revenue)

Dec’11 1 Assignment

EAST Limited, UK (A Branded Fashion clothing for Women) Sep’11 1 Assignment

Avery Dennison Corporation, USA (A Global manufacturer and distributor of pressure-sensitive adhesive materials)

June’11 1 Assignment

ALCOA Inc, USA (World’s 3rd largest producer of Aluminum)

Mar’11 1 Assignment

Saviance Technologies Pvt. Ltd., India (An IT Solutions Provider Company) Jan’11 1 Assignment

UNICON Financial Intermediaries Pvt. Ltd., India (Investment Services Provider Company)

Dec.‘10 1 Assignment

CPP Group Plc, UK (Assistance Business Provider Company)

July’16 1 Assignment



FAIRNESS OPINION

Pearl Global Industries Limited (A Multinational ready to wear apparel Manufacturing Conglomerate)

Apr’13

Certificate in Scheme of Amalgamation &

NOC from SEBI, NSE & BSE for subsequent

listing

MINDA Industries Limited, India (Manufacturer of Auto Electrical & Light System)

May’10-Oct’10

Fair Opinion Certificate in Scheme of

Amalgamation

SPECIAL PURPOSE VALUATIONS

Asian Hotels North Limited (One of the leading player in the Indian hospitality industry operating under the brand Hyatt Regency Hotels)

Apr’14 – Aug’15

3 Assignments - Under regulations

10(1)(v)(i) SEBI SAST Regulations, 2011

Fabindia Overseas Pvt. Ltd., India (India’s largest Company for making traditional and hand based products)

Sep’12 Valuation as per FEMA

Saviance Technologies Pvt. Ltd., India (An IT Solutions Provider Company)

May’11 Private Equity Valuation

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