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Project & Structured Finance. The PSF Team is a supporting entity to existing Corporate, Key Clients and Foreign Investors, who are clients of the Group. The Project & Structured Finance Team (PSF).
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The PSF Team is a supporting entity to existing Corporate, Key Clients and Foreign Investors, who are clients of the Group. • The Project & Structured Finance Team (PSF) • Function of PSF Team – advisory and arranging services to customers and corporate entities for providing specialised financing. • PSF competences: local arranging unit for small/mid-sized local transactions (E5m-E50/75m), supporting local unit to UniCredit Markets & Investment Banking for larger deals (>E50/75m)
The Project & Structured Finance Team: Competitive Advantages • comfortable local underwriting capabilities; straight-forward approval procedures also at higher approval levels (Vienna) • professional arranging and syndicating, both at local and Group levels • close cooperation and know how exchange with UniCredit Markets and Investment Banking: • a dedicated globally acting UniCredit Group Division with deep experience in Project Finance, Structured Finance, Derivatives, FX; • Key player in its core markets (Austria, Germany, Italy, Emerging Europe); • Particular CEE Competence: one of the region’s leading arrangers of Leveraged Buy-Out financings and leading project finance house (Bank Austria Creditanstalt AG)
Current Trends: PSF Focus in Bulgaria A.Lending to Private Equity • Mergers and Acquisitions • B. Greenfield Investment Projects – • Energy & Energy Efficiency (incl. Renewables – Hydro, Solar, Wind and Biomass); • Manufacturing Industry; • Transportation Infrastructure – Roads, Seaports and Airports & PPP; • Infrastructure – Water, Waste and Utilities; • Telecommunications; • Corporate solutions • Full debt repackaging • General Corporate purposes and Large Scale CAPEX
Selected Transactions 2007 – September, 2008 (UniCredit Bulbank as an Arranger and/or an Underwriter): • Lending to Private Equity – Mergers and Acquisitions: • Up to 14.5 MEUR for Thermoblock Ltd, Bulgaria (Degennaro Scianatico Group, Italy) – acquisition and investment financing – completed transaction. Building materials, construction industry; • Up to 10 MEUR Revolver for KAI AD as part of UMIB (BA-CA) for 65 MEUR – acquisition from Advent – completed transaction. Building materials, construction industry; • Greenfield Investment Projects: • Renewable Energy Resources: • Up to 20 MEUR of total 54 MEUR (MLA EBRD/BA-CA) – Small Hydro Power Plants Cascade for VEZ Svoge (Petrovilla Group, Italy) with total installed capacity of 25 MW – completed transaction; • Up to 9.5 MEUR Investment Loan + L/G limit – Hydro Power Plant on Arda River (Mecamidi Group, France) with installed capacity of 8.7 MW – completed transaction; • Up to 7 MEUR investment loan + VAT limit – Small Hydro Power Plant (CO-VER Group, Italy) with installed capacity of 3.8 MW – mandated transaction; • Up to 20 MEUR from a total of 208 MEUR Senior facilities+25 MEUR VAT facility for development of 156MW Wind Farm, Kavarna, Bulgaria, with Key Sponsor AES (USA), MLA EBRD/IFC/UCMIB – mandated transaction; • Building materials, Construction Industry: • Up to 10 MEUR UCB intake from a syndication of up to 26 MEUR (UBB Partner) for Technogips (Balkanstroy Group) for the construction of three plants for gypsum and plaster, stucco, adhesives and mixtures from calcified gypsum – completed transaction; • Pharmaceutical Industry: • Up to 33 MEUR for Sopharma AD (Sopharma group) for construction and furnishing of tablet plant - mandated transaction;
The PSF Team in Bulgaria THANK YOU FOR YOUR ATTENTION!
