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ZF EVENT - March 30, 2010 BCR CORPORATE FINANCE & INVESTMENT BANKING. BCR – CF&IB. Dan Weiler Phone: +40 720 150 378 E-mail: dan.weiler@bcr.ro. BCR –CF&IB. Although BCR is the largest commercial bank in Romania, CF&IB in its current form is less than one year old (June 2009)
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ZF EVENT- March 30, 2010BCRCORPORATE FINANCE & INVESTMENT BANKING BCR – CF&IB Dan Weiler Phone: +40 720 150 378 E-mail: dan.weiler@bcr.ro
BCR –CF&IB • Although BCR is the largest commercial bank in Romania, CF&IB in its current form is less than one year old (June 2009) • We give our potential clients, after an initial discussion a realistic assessment regarding the available options and if we can help • We are extremely passionate about our clients and relentless in getting it done • We offer the full spectrum of investment banking services to BCR clients and non-BCR clients, alike
BCR –CF&IB ECM • IPO, SPO • Technical listings • Delisting, including squeeze-out procedures • Capital Increase • Take over bids / Tender offers M&A • Acquisitions: buy-side mandate • Divestitures: sell-side mandate • Equity Investments: buy or sell-side • JVs • IP (Intellectual Property)
BCR –CF&IB We see movement in the M&A market • Lack of bank financing • The valuations are much more in line with the fair market value • Sellers are accepting the idea of a capital increase, the payout day will happen in a second step • The PEGs have money and need to spend it • Strategic buyers are coming out of hibernation – Romania is back on the map • The simple truth that a M&A transaction has nothing to do with real estate seems to be understood
BCR –CF&IB The Capital Market could see a recovery in the second half of the year: • Signs of a thaw in W. Europe • Lack of bank financing • Fondul Proprietatea • The RON stability • The improved chance of double listings - Warsaw, Vienna