TRANSACTIONS & EXPERIENCE: What We Have Done:

CENAK professionals are proud to have been part of transaction teams that execute some of the most challenging and sophisticated transactions. By way of example, significant management, leadership and international experience complement our financial experience. The CENAK team works in four languages including English, German, Spanish and Portuguese. Our work experience covers Europe and North and South America. CENAK’s international business travels and experience includes Australia, Asia, Africa and the Caribbean. The following selected transactions performed by CENAK professionals, includes business dealings from predecessor firms:

Transaction	Type	Industry/Sector	Description
Confidential Power Company (US, UK)	IPO/M&A	Energy Power Plants Transmission and Distribution	Preparation of company’s corporate financial model by aggregating financial models from global subsidiaries in preparation of IPO. Preparation and audit of a valuation model for the sale of the company’s Latin American assets. Worked with bulge bracket Investment Bank during the sale process.
Several Biodiesel Projects (US)	Project Development Private Equity	Renewable Energy	Led the development of 10 million gallons per year (mgpy) and a 30 mgpy biodiesel facilities. Responsible for all development and coordination activities including technical, financial, legal and permitting.
iMedeon (US)	Venture Capital	Software Mobile Workforce Management	Co-led the investment of USD 4.6 million in a USD 15.5 million Series B round. iMedeon develops software for mobile workforce applications based on the Internet and hosted by iMedeon. Including warrants received in conjunction with the investment, the investment represents a 9.3% ownership interest in the company. Led the due diligence, valuation and internal approval process. Investment was exited by successful sale to Avaya.
Powerline Communications (US, Europe)	Venture Capital	Communications Energy	Originated and analyzed several investment opportunities in powerline communications companies, a technology that allows for high-speed communications over the powerline in-home and as Access technology.
Ethanol Project (US)	Project Development Private Equity	Renewable Energy	Led the development of a 100 mgpy ethanol facility. Responsible for all development and coordination activities including technical, financial, legal and permitting.
La Brea Nitrogen, Limited ( Trinidad and Tobago)	Project Development Private Equity Project Finance	Agriculture and Energy Ammonia and UAN Plant	Financial Consultant for an ammonia and UAN plant development project in Trinidad and Tobago. Prepared financial models and led financing process with project finance banks and equity investors.
Centragas (Colombia)	M&A	Energy Natural Gas Pipeline	Developed financial model to evaluate the acquisition of a 580 km natural gas pipeline in Colombia from Prisma International (former Enron International). Prepared first and second round acquisition proposal. Transaction included highly engineered debt and equity structures requiring the development of innovative valuation models.
Clearant, Inc. (US)	Budgeting Valuation Model	Biotechnology	Prepared an integrated budgeting and valuation model that ties directly into the company’s accounting system. Clearant is a NASDAQ-listed biotechnology company.
Confidential Utility Company (US, Hong Kong, Australia)	M&A	Energy Power Plant	Acquisition of a 30% interest in a brown coal fired power plant in Australia. Co-developed financial model and participated in negotiations with potential investors. Developed hybrid convertible structure to accommodate goals of investors.
Moore Agricultural Products Co., Inc. (US, California)	M&A	Agriculture Fertilizer	Adviser to Moore Ag in the acquisition of a competitor. Transaction was subsequently adjusted to the acquisition of a single plant out of the competitor’s portfolio. Prepared financial models and co-led due diligence and negotiation with management and owners. Prepared budget and merger models including the impact of the acquisition and bank presentations for debt financing. Completed refinancing of Moore’s debt structure.
Transredes (Bolivia)	Valuation Model Government Relations	Energy Natural Gas Pipeline	Prepared and maintained valuation model for the Bolivia – Brazil natural gas pipeline and negotiated transportation tariffs with the government.
Valeo SA ( France, Germany, Japan)	M&A	Automotive	Led the valuation process and wrote presentation on investment rationale. Valeo acquired the European and North American automotive climate control activities of Zexel, Japan. Valeo is a French automotive supplier with sales of Euro 9.1 billion (USD 8.1 billion). Zexel is a major Japanese automotive supplier with sales of Yen 230 billion (USD 1.9 billion), majority owned by Bosch, Germany, the world’s third largest automotive parts supplier with Euro 28 billion in sales (USD 25.1 billion).
Preussag Noell-Gruppe (Germany) Salzgitter Anlagenbau GmbH Noell KRC Energie- und Umwelttechnik GmbH Noell Stahl- und Maschinenbau GmbH Other Preussag Noell companies	M&A	Capital Goods Plant Engineering	Advised Preussag in the sale of its Preussag Noell engineering division, involving eight subsidiaries of Preussag Noell. Complex transaction structured as a “dual track” sale process. Potential buyers were identified and solicited to acquire the entire company. Concurrently, a sales process was initiated that involved the sale of the subsidiaries as single entities. Total volume of the transaction was Euro 970 million (USD 870 million). Led the valuation process and wrote several management presentations.
Howaldtswerke-Deutsche Werft GmbH (Germany)	M&A	Capital Goods Shipyards	Advised Preussag in the sale of a 50% stake in Howaldtswerke-Deutsche Werft to Deutsche Babcock AG (now Babcock Borsig AG). HDW is Germany’s leading shipbuilder with Euro 574 million in sales in 2000 (USD 513 million). Led the valuation process and wrote several management presentations.
Preussag Wasser- und Rohrtechnik GmbH (Germany)	M&A	Capital Goods Water Technology	Advised Preussag in the sale of its subsidiary Preussag Wasser-und Rohrtechnik (PWR) to Deutsche Babcock AG (now Babcock Borsig AG). Total deal size Euro 660 million (USD 590 million). Led the valuation process and wrote several management presentations.
RWE AG and Energie Baden-Württemberg (EnBW) (Germany, Hungary)	M&A	Energy Power Plant	Advisor to the RWE/EnBW consortium in a tender offer for the construction of an 800 MW power plant in Hungary. Wrote a study on the Hungarian electricity market.
B Braun Melsungen AG (Germany, US)	M&A Structured Finance	Healthcare Medical Devices	Advisor to B Braun Melsungen AG in its USD 400 million acquisition of a US medical company; cross-Atlantic M&A transaction including leveraged-financing for the acquisition consideration. Wrote investment rationale study.

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