epicepicinvest.com/sites/default/files/epic.pdf · 2013. 2. 5. · internet croatia, kdk cable...

EPIC

C O R P O R A T E F I N A N C E – A S S E T M A N A G E M E N T – I N V E S T M E N T S

A W A R D - W I N N I N G F I N A N C I A L A N D P R I V A T I Z A T I O N A D V I S O R Y

I N C E N T R A L A N D S O U T H - E A S T E U R O P E A N D C I S

EPIC

C O R P O R A T E F I N A N C E – A S S E T M A N A G E M E N T – I N V E S T M E N T S

Leading Investment AdvisoryI N C E N T R A L A N D S O U T H - E A S T E U R O P E , T U R K E Y A N D C I S

5

LONDON

PRAGUE

VIENNA

BRATISLAVA

LJUBLJANAZAGREB

BELGRADE

BUDAPEST

WARSAW

KYIV

MOSCOW

BUCHAREST

SOFIA

ISTANBUL

LIMASSOL

Numerous awards confirm EPIC’s top position in the

advisory business, in portfolio investment and as the

biggest voucher privatization manager and investor.

In 2005, EPIC received the special EuroMarket Award

for its “Consistent Contribution to Economies in

Transition in CEE and CIS from 1995 – 2005”. EPIC

was also the first company to be awarded “Best M&A

Advisory House for Central and Eastern Europe” in

2002, 2003 and 2004 consecutively by the European

Market Research Center. From 1993 – 1999 EPIC

consistently held top positions on Privatization Inter-

national’s Annual League Tables, competing against

large, well-established banking and consulting groups.

The successful development of EPIC is largely due to

its strong offices in many Central and South-East

European countries, Turkey and CIS, employing staff

with necessary local knowledge and approach.

AWARD WINNING RESULTS

7

In 1989 Peter Goldscheider and Gustav Wurmböck created

EPIC as a financial advisory house focusing on investment in the

newly emerging markets in Central and South-East Europe.

Since that time, EPIC has progressed from a small Austria-based

consulting group to become the top financial and privatization

advisory house specializing in mergers and acquisitions and

investments in Central and South-East Europe, Turkey and CIS.

“Our history of expansion and results mirrors the growth and

development of the CSEE region as a whole. We have been

proud to be a part of the largest transformation challenges in

a newly emerging market. As pioneers for privatization in this

region the EPIC team is continuing to secure investment oppor-

tunities for its clients as some core countries have entered the

European Union. The transformation process is hitting a

milestone, broadening the rich array of opportunities for invest-

ment and partnerships in the greater European region. EPIC

will keep expanding its operations and build momentum in

both established and new markets, with an unchanging resolu-

tion to achieve outstanding results. We are concentrating our

efforts on investment opportunities that promise growth in

value by putting to work strategic vision, state of the art

management and, when required, tough restructuring measures.”

Peter Goldscheider & Gustav Wurmböck

Leading Investment AdvisoryI N C E N T R A L A N D S O U T H - E A S T E U R O P E , T U R K E Y A N D C I S

Peter Goldscheider,

Gustav Wurmböck,

Franz Lanschützer,

Managing Partners

(from left to right)

9

EPIC’s success is founded on a multi-domestic net-

work of local offices and strategic alliances in 14

countries in CSEE plus Turkey and CIS with a

thorough understanding of their financial markets. As

members of the local business community we obtain

early information and access for structuring new deals

as local players – providing a strategic edge in the

region. Assisting partners in nurturing initial invest-

ments into value-added acquisitions is a major part

of our business.

SCOPE OF SERVICES

EPIC’s services are actively sought after both by

major international corporations investing in CSEE,

Turkey and CIS and by state privatization agencies

and local companies seeking strategic investors or

private public partnerships.

CORPORATE FINANCE

Investment advisory for international clients:

· Market and competitor analysis

· Strategy and positioning

· Organization, supervision and review of due diligence

· Valuation and price recommendations

· Preparation of offer documentation

· Support in negotiations

· Arranging and structuring of financing

Privatization advisory for governments and state

property agencies in CSEE, Turkey and CIS:

· Development of privatization concepts

· Full responsibility for tenders

· Investor search and selection

· Negotiations up to closing of deals

ASSET MANAGEMENT

· Privatization and investment funds established and

managed in several CSEE and CIS countries,

current focus on tourism portfolios

· Industrial portfolios managed for municipalities or

industries

· The value of managed funds has multiplied many

times over under the guidance of the fund manage-

ment companies established by EPIC and its local

partners

INVESTMENTS

Throughout the years EPIC has developed an

effective and consistent approach to investing in

CSEE, Turkey and CIS. This approach is founded

largely upon EPIC’s belief in the need for a strong

local presence and active participation in the

management of the companies in which it invests.

Depending on the project EPIC will act as singular

or co-investor.

EPIC’s Strategic EdgeS T R O N G I N C O R P O R AT E F I N A N C E , A S S E T M A N A G E M E N T A N D I N V E S T M E N T S

Corporate FinanceS T R O N G I N I N F R A S T R U C T U R E , E N E R G Y A N D F I N A N C E

EPIC’s projects in the Telecommunication and IT

industry are as diverse and dynamic as the industry

itself. In more than 80 transactions EPIC’s dedicated

specialists have proven the depth and range of their

expertise in this ever-changing sector, advising many

of the large European market players.

EPIC’s involvement in energy sector advisory projects

in CSEE, Turkey and CIS covers power generation

and distribution segments just as the value chain of

transportation, storage and distribution in the gas

sector. EPIC offers advisory services for privatization,

joint ventures and investments and arranges related

complex financial transactions.

In 2004 EPIC consolidated its team advising on

FI-transactions to better serve banks, insurance

companies and other financial institutions as

strategic and/or financial advisor. Since then EPIC’s

deal flow has grown significantly.

EPIC has an outstanding track record in the cement

sector in the territories of CSEE and CIS. Clients

cover the whole construction sector: cement,

aggregates, roofing, civil engineering and full range

contractors. We assist construction companies in

expanding their core-business, but also in deversifying

into BOT-projects for toll-roads and airports.

10 11

TELECOMMUNICATION

ENERGY

FINANCIAL SECTOR

CEMENT AND CONSTRUCTION

EPIC’s activities include projects in the automotive,

steel, machine tool, mining and armature sectors.

Mandates in Hungary, Czech Republic, Bulgaria,

Romania, Russia and Ukraine; including an

award-winning cross-border Czech-Croatian deal.

Outstanding track record on private sale of 5 out

of 7 Hungarian breweries, sale of the largest

Croatian brewery, and sales of stakes in major

breweries in Czech Republic and Poland.

Rapidly developing sector in which EPIC is invol-

ved in the sale and acquisition of municipal stakes

in Czech Republic, Bulgaria, Poland and Hungary.

Water, heat and waste management is the next big

infrastructure sector in EPIC’s focus region, re-

quiring large-scale investments.

· Food Processing

· Transportation

· Pulp and Paper

· Retailing

· Mining

· Consumer Products

HEAVY INDUSTRY WATER, HEAT, WASTE

OTHER SECTORS

PHARMACEUTICAL & CHEMICALS

BREWING

PRIVAT EQUITIY INVESTMENTS

EPIC has been an active investor and asset manager

in the CEE region since its inception. Together with

funds managed by EPIC and private equity investors

EPIC acquired several companies, managed them

for a few years and finally sold them to strategic

investors.

This includes: Czech Brewery Starobrno sold to

Brau AG/Heineken from Austria, Czech construction

Company Subterra - sold to Metrostav , Stavostroj

a.s., the largest producer of construction equipment

and rollers in CEE, sold to Amman Group of Switzer-

land.

Other investments include among others: RCS

(largest cable TV company) in Romania, Iskon-

Internet Croatia, KDK Cable Company and Atlas

Internet Portal, both in the Czech Republic, LSH

construction company and Prespor, the largest

construction material trader in Slovakia.

TOURISM

EPIC gained control over VALAMAR Group, which

combines several major tourism companies of Croatia

in its portfolio. VALAMAR operates 40 properties

situated on the Adriatic coast with major presence

in two main Croatian tourist regions – Istria and

Dubrovnik. Extensive investments in the quality of

the properties ensure the leading position in the

Croatian tourism sector.

REAL ESTATE DEVELOPMENT

EPIC is involved in developing real estate projects

in Prague, Bratislava, Zagreb and other major CSEE

cities. In Croatia EPIC is focusing through VALAMAR

on several targets in top locations along the coast for

the hospitality business as well as for residential use.

With the support of international and local architect

teams state-of-the-art design is being created along

one of the most charming coasts in Europe.

“Our vision is to create a high-end product with

sophisticated design, utilization of top-quality

materials as well as modern equipment to create a

feel-good atmosphere for our clients.”

Franz Lanschützer

InvestmentsS T R O N G I N T O U R I S M A N D R E A L E S TAT E D E V E L O P M E N T www.valamar.com

13

Plösslgasse 8 · A-1040 Vienna · AustriaTel.: + 43 1 501 19 0 · Fax: + 43 1 501 19 9E-mail: [email protected]

EPIC

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EPIC Transactions

This announcement appears as a matter of record only

PROFICIO d.d.and minority shareholders

Sale of a 100% equity interest in

Iskon internet d.d. (Croatia)

to

for a total consideration ofEURO 13.7 million

May 2006

Advisor to Proficio d.d.


AMGA (Azienda Multiservizi S.p.A Udine)

won a tender for a 35-yeargas distribution license

for the Moesia region in Bulgaria

BULGARIA

February 2004

Transaction advised by


Acquisition of 80.7% equity interest in

Alpine Mayreder Bau GmbH, Austria

for a total consideration ofEURO 480 million

November 2006

Strategic Advisor to FCC Construccion


Stavostroj a.s.Nove Mesto, Czech Republic

was acquired by

Langenthal, Switzerland

January 2005

Advisor to and majority owner of Stavostroj


Majority sale of

to

January 2005

Financial Advisor to Subterra


DEUTSCHE TELEKOM

Through its subsidiary

SLOVAK TELEKOM acquired 100 % of

BRATISLAVA

December 2004

Financial Advisor to Deutsche Telekom


acquired a 70% stake in

BEOCINCEMENT FACTORY

Serbia

January 2002

Advisor to Lafarge



NOVI POPOVACCEMENT FACTORY

Serbia

January 2002

Advisor to Holcim


CESKÁ REPUBLIKA


PRAGUE WATER SYSTEMfor USD 160,000,000

February 2001

Advisor to Vivendi Water


A CONSORTIUM OF


RYBNIK POWER PLANTPOLAND

for USD 119,951,963

April 2001

Local Advisor


has acquired a 49% stake in

The second GSM 900 and DCS 1800operator in Slovenia

for DEM 189,000,000

February 2001

Sole financial advisor and arranger

and


THE CITY OF PRAGUE

Has established joint energydistribution holdings for

PRASKA ENERGETIKA, A.S. (PRE)PRASKA ENERGETIKA, A.S. (PP)PRASKA ENERGETIKA, A.S. (PT)

with

February 2000

Transaction arranged an executed by


PLIVA

Croatian Pharmaceutical Group

acquired a 66,67% stake in

Czech Pharmaceutical Company

2000

Transaction arranged and executed by


DEUTSCHE TELEKOM


Hrvatske telekomunikacije d.d.CROATIAN TELEKOM

October 1999

Strategic Advisors to Deutsche Telekom

and


Acquisition of 100% equity interest in

·A·S·A· Abfall Service AG, Austriafrom

for a total consideration ofEURO 224 million

March 2006

Strategic Advisor to FCC S.A.


Euro 8,000,000 debt facility

March 2006

Advisor to Tarmac

epicepicinvest.com/sites/default/files/epic.pdf · 2013. 2. 5. · internet croatia, kdk cable...

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