wm equity partners d.o.o. beogradwmep.rs/download/wm equity partners company profile.pdf · 2016....

WM Equity Partners Ltd. Belgrade Company profile

About WM Equity Partners

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WM Equity Partners was established in 2009 as a Consulting Company focused on providing services for the market heavily hit by financial crisis.

Restructuring

Financial advisory

Fund raising

Restructuring

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•Restructuring is simple, but difficult and painful process in which all stakeholders must accept part of the "restructuring costs"

•Speed of the process is a critical success factor, delay only increases the costs of restructuring

•The company will emerge from the crisis if the new revenue level (which is often less than the previous) ensures operating profitably and servicing of obligations

•If the opportunity to restructure a company through regular business activities is missed, the last chance is to offer the plan of reorganization

Main characteristics of restructuring procedures

In the process of company restructuring, we offer a complete set of services from the management valuation to the multiple financial crisis exit scenarios.

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Restructuring procedure

Plan development

Major creditors

negotiation

Plan presentation on the court

hearing

Implementation follow up

“The revival” of Management Board and formalization of decision making process

Evaluation and strengthening of the management team

Creating multiple scenarios during the crisis

Comparative cost analysis, the focus on Cash-flow and "corporate fitness" by the Liquidity Committee and sale of non-core assets

Fair and open relationship with customers, suppliers and creditors in environment of general illiquidity

Analysis of specific industries,

competition and cost structures

Business analysis and planning, for internal purposes

(management) and other stakeholders

(creditors, shareholders…)

Advisory in the process of issuing equity and debt

securities

Evaluation of the company at the request of the owner and / or

banks in the process of selling ownership stakes

or establishing collateral.

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Financial advisory

Due diligence

Distressed assets trading in and out of bankruptcy

Preparation and management of acquisition process

Evaluation of synergy effects

Creating strategic plans for company expansion

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Financial advisory (M&A)

Corporate governance is of big importance for the minority (portfolio) shareholder, but is more important for the major shareholder.

At the end of 2013 the company WM Equity Partners entered a partnership agreement with the International Finance Corporation (IFC) on a consulting project for improving corporate governance for the Serbian companies.

Our Company provides the following services:

•Assistance in defining directions of development of the Company through development of strategic plans,

• Intermediation between the owners and management, through the development of annual business plan with the emphasis on monthly Cash flow targets,

• Procedures for reporting to the investment public - quarterly, semiannual and annual reports and presentations,

•Development of internal audit functions and internal controls.

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Financial advisory (Corporate governance)

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Fund raising

Professional team of our company has extensive experience in financial markets and thus our company is an ideal partner in the advisory process of issuing securities.

Interest in issuing securities as a source of project financing is not only private company matter but municipal structures also. Through issuance of municipal bonds local governments can open wider range of project financing abilities.

Municipal bonds

issuance benefits

Marketing aspect

Cheaper borrowing

Efficiency and

flexibility in debt

structuring

Debt tranche dividing

possibilities

Wider investment

base

Debt market price

following possibility

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Our team

Vladimir Pavlovic, CFA, has 12 years of experience in Serbian financial markets, working through the creation of legal and institutional framework (National Bank of Serbia, Serbian Central Securities Depository), as well as through active participation in financial markets (CEO of FIMA International-brokerage, Portfolio Manager of the FIMA Proactive fund). He is a director of the WM Equity Partners since its incorporation and he participated in several restructuring procedures, either through a process of a reorganization plan, or through other forms of restructuring. He got his bachelor and master's degree from the Belgrade Faculty of Economics and since 2006 he is a CFA charterholder.

Milan Marinkovic, has a rich eleven-year experience in a multiple projects in the Serbian financial markets. More than two years he worked as a Head of the Department for Corporate Services in SENZAL Brokerage and was a direct participant in some of the most significant M&A and privatization projects in the period 2003-2006 (Sintelon, Knjaz Milos, C Market, Soko Stark , DIN, etc.). For two years he worked on the restructuring of LUKOIL from Belgrade. Since 2007 he is working as a Director of "FIMA Invest". He has a degree in Law at Belgrade University and was the author of many professional articles for domestic and foreign publications.

Vladimir Draskovic, CFA, has 8 years of experience in the financial markets. He worked at the National Bank of Serbia in the management of foreign reserves division as a portfolio manager with emphasis on the money markets, currencies and bonds. In early 2008 he joined FIMA Invest as the portfolio manager of the close end fund FIMA SEE Activist (equity fund) and two open funds - FIMA money (cash fund) and FIMA ProActive (equity fund). Since the incorporation of WM Equity Partners he took part in several restructuring, business planning and valuation of assets and capital projects. He graduated from the Faculty of Economics in Belgrade in 2004 and since 2009 he is a CFA charterholder. In 2011 he earned his court expert title within the economic and financial area.

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Our team

Nemanja Nikolic, has 6 years of experience in the domestic market as a consultant for corporate and bankruptcy law, privatization and corporate governance. He participated in the implementation of a large number of important projects of reorganization, restructuring and privatization. Writes and publishes scientific papers in the field of company law and corporate governance. Member of the Association of Lawyers. He completed his undergraduate and graduate studies at the University of Belgrade and earned a qualification of a specialist in the legal aspects of corporate governance.

Milos Savic, After completing his undergraduate studies in the field of management he enters the program for obtaining the world prestigious CFA license, where his current status is the third level candidate. He acquired his working experience in companies WM Equity Partners and Fima Invest, primarily on analysis of publicly traded companies and reorganization of financially disrupted companies. Besides these primary activities he actively participates in number of M&A and fund raising projects. Since the end of 2011 he is also active as a Chairman of the Board of the Future Leaders Association organization.

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Court approved reorganization plans

Client: Jeep Commerce doo Beograd

Project leader: Nemanja Nikolić

Debt: 50 mil EUR

Time frame: August 2011 – Februar 2012

Client: PS Telefonija ad Beograd

Project leader: Vladimir Pavlović

Debt: 18 mil EUR

Time frame: Jun 2012 – Decembar 2012

Client: Beotel NET ISP doo Beograd


Debt 17 mil. EUR

Time frame: Jun 2012 – Decembar 2012

Client: Banat ad Banatski Karlovac


Debt: 17 mil EUR

Time frame: August 2011 – Februar 2012

Client: Pantomarket Stočar doo Čačak


Debt: 9 mil EUR

Time frame: Jul 2011 – Februar 2012

Client: CoopTrans doo Beograd

Project leader: Milan Marinković

Debt: 2,5 mil EUR

Time frame: Decembar 2010 – Decembar 2011

Client: Mepol ad Vrbas


Debt: 1,3 mil EUR

Time frame: Maj 2010 – Januar 2011

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Court approved reorganization plans, cont.

Client: Grad Novi Sad (Zvezda Film)


Debt: 0,7 mil EUR

Time frame: Maj 2011 – Jul 2011

Client: Aroma ad Futog


Debt: 1 mil EUR

Time frame: April 2012 – Septembar 2012

Client: ZZ Poljopromet Mrčajevci


Debt: 1 mil EUR

Time frame: Septembar 2012 - Februar 2013

Client: WMW doo Zrenjanin (Hypo Alpe Adria Bank)


Debt: 6 mil EUR

Time frame: Januar 2011 - Januar 2013

Client: Magma Export-Import doo Novi Sad


Debt: 3 miliona EUR

Time frame: 2012-2013

Client: Modriani doo Šimanovci

Project leader: Vladimir Drašković

Debt: 8 mil EUR

Time frame: Novembar 2012 - Jun 2013

Client: CARIČIN GRAD - N&MM BETON DOO


Debt: 3 mil EUR

Time frame: Oktobar 2012 – Jun 2013

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Court approved reorganization plans, cont.

Client: Zastava promet ad Sombor (Koncern Srboexport Obrenovac)


Debt: 5 mil EUR

Time frame: April 2012 – April 2013

Client: Dunavka ad Veliko Gradište


Debt: 15 mil EUR

Time frame: April 2012 – Mart 2013

Client: Livnica AD Ljig


Debt: 1,2 mil EUR

Time frame: 2012 – jun 2013

Client: Podunavlje


Debt: 3 miliona EUR

Time frame: 2012-2013

Client: Faust doo


Debt: 0,8 mil EUR

Time frame: februar 2013 – avgust 2013

Client: Gombit doo


Debt: 6 miliona EUR

Time frame: Januar - Avgust 2013

Client: GEMAX doo


Debt: 35 mil EUR

Time frame: 2013

Client: Bay-Company&Invest doo Obrenovac


Debt: 4 miliona EUR

Time frame: 2013

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Reorganization plans in procedure

Client: Interkomerc ad Beograd


Debt: 200 mil EUR

Time frame: in progress

Client: Interkomerc Agrar doo Vrbas


Debt: 30 mil EUR

Time frame: in progress

Client: Megalit Šumnik ad Raška


Debt: 40 mil EUR

Time frame: In progress

Client: Koteks doo Beograd


Debt: 70 miliona EUR


Client: Eraković doo Novi Sad


Debt: 20 mil EUR


Client: Metalopromet doo Novi Sad


Debt: 20 miliona EUR


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Reorganization plans in procedure, cont.

Client: Neobus ad Novi Sad


Debt: 13 mil EUR


Client: FAD ad Gornji Milanovac


Debt: 20 mil EUR


Client: Ivex i 6. Maj doo Novi Sad


Debt: 2 mil EUR


Client: Šipad ad Srbobran


Debt: n/a


Client: Bonkomerc doo Novi Sad


Debt: 5 mil EUR


Client: Mlinostep doo Novi Sad


Debt: 17 mil EUR


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M&A References Client: Telefonija ad Beograd Project leader: Vladimir Pavlović

Mandat: Business building selling procedure Value: 5 mil EUR

Time frame: 2012

Client: Telefonija ad Beograd Project leader: Vladimir Pavlović

Mandat: Business unit selling procedure (GasTel) Value: n/a


Client:Telefonija ad Beograd Project leader: Vladimir Pavlović

Mandat: Business unit selling procedure (BeotelNet) Value: n/a

Time frame: n/a

Client: Hypo-Alpe-Adria Banka ad Beograd Project leader: Milan Marinković

Mandat: SPV selling procedure(Ferrum Profili) Value: n/a


Client: Vino Župa ad Aleksandrovac Project leader: Vladimir Drašković

Mandat: Bankruptcy buyout Value: 1,3 mil EUR

Time frame: Septembar 2010 – Decembar 2010

Client: GEMAX doo Beograd Project leader: Nemanja Nikolić

Mandat: Property selling procedure through reorganization plan Value: n/a


Client: WMW doo Zrenjanin Project leader: Nemanja Nikolić

Mandat: Property selling procedure through reorganization plan Value: n/a


Client: Dunavka ad Veliko Gradište Team leader: Vladimir Pavlović

Mandat: Property seling procedure through reorganization plan Value: n/a


Client: Gorenje Project leader: Milan Marinković

Mandat: Bankruptcy buyout Value: n/a

Time frame: Avgust 2012 – Novembar 2012

Client: Group of investors, Big bull foods Project leader: Milan Marinković

Mandat: Property buyout Value: 3,8 mil eUR

Time frame: Decembar 2011 – Jun 2012

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Other References Client: Grad Novi Sad Project leader: Vladimir Drašković

Mandat: municipal bonds Value: 35 mil EUR

Time frame: Januar 2011 – Jul 2012

Client: Vino Župa ad Aleksandrovac Project leader: Vladimir Pavlović

Mandat: Debt refinancing Value: 23 mil EUR

Time frame: Januar 2012 – Jun 2012

Client: Volksbanka ad Beograd, UniCredit ad Beograd, Hypo bank Project leader: Vladimir Drašković

Mandat: Valuation Value: 6,5 mil EUR

Time frame: Oktobar 2011 – Maj 2012

Client: Energomontaža ad Beograd Team leader: Vladimir Pavlović

Mandat: Cost rationalization plan Value: 2 mil EUR

Time frame: April 2010 – Maj 2011

Client: City of Pancevo Project leader: Milan Marinković

Mandat: Municipal bonds Value: 1 mil EUR

Time frame: Oktobar 2011 – Februar 2012

Client: Triglav Kopaonik ado Beograd Project leader: Milan Marinković

Mandat: Capitalization Value: 1 mil EUR

Time frame: August 2010 – Septembar 2010

Client: Telefonija ad Beograd Project leader: Milan Marinković

Mandat: Corporate bonds Value: 50 mil. RSD

Time frame: Septembar 2009 – Jun 2010

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Contact

WM Equity Partners

Bul. Mihajla Pupina 10 a, 11000 Belgrade, SERBIA

Vladimir Pavlović, MSc, CFA

Director

Tel: +381 11 4141 607

Fax: +381 11 4141 601

Mob: +381 60 249 1111

E-mail: [email protected]

http: www.wmep.rs

wm equity partners d.o.o. beogradwmep.rs/download/wm equity partners company profile.pdf · 2016....

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