Recent support to Foreign Direct Investment assignments

• China – market, technical and financial feasibility study: Feasibility study for a US$ 300 mill. development on a greenfield site on the outskirts of Beijing of a high-tech science park with hotel and villa complex.
• Korea – market and financial feasibility study: Feasibility study for a proposed 4-star, 3-star and all-suite hotel complex with an associated retail development to be based alongside a major exhibition centre under construction on the outskirts of Seoul.
• Kyrgyzstan – feasibility study: Feasibility study for the proposed development of an integrated cotton spinning, weaving and dyeing and garment manufacturing complex on a greenfield site in Bishkek. The study included comprehensive market, technical and financial analyses.
• Latvia – financial due diligence. Financial due diligence and valuation for a Latvian-based third-tier cargo and passenger aircraft operator in advance of potential equity investment by EBRD in the airline.
• Uzbekistan - technical, financial and marketing due diligence: Comprehensive Due Diligence exercise in advance of proposed investment by EBRD in Turkish joint venture to establish refrigerator manufacturing plant, including assessment of project’s ability to meet forecast EBRD and IFC debt-servicing requirements.
• Mauritius – market and financial feasibility study. Feasibility study for a proposed resort hotel and 18-hole championship golf course at Tamarin Bay.
• Nigeria – feasibility study: Technical, market and financial feasibility study into proposed 300 metric tonne per day flour mill in Lagos.
• Tacis and Phare countries – FDI Due Diligences: Lead firm in consortium awarded two 3½ year framework contracts for the provision of market, financial, legal, industrial and environmental Due Diligence in advance of EBRD direct investments in pre- and post-privatisation SMEs in each region respectively. More than 120 call-offs (totalling some € 2.5 mill.) have been undertaken to date.
• Cyprus – technical and financial appraisal: Feasibility study into the purchase of the State-owned oil refinery in, disassembly of the plant and shipment and re-assembly on a greenfield site in Iraq. Included a valuation of the plant as a basis for the client’s financial offer to the Cyprus Government.
• Russia Federation – FDI Due Diligence: Market and financial Due Diligence in advance of a potential equity investment in a company specialising in the extrusion of polystyrene sheets for thermoforming packaging of foodstuffs.
• Ukraine - FDI Due Diligence: Technical and financial Due Diligence into a start-up company planning to commercialise a liquid nitrogen gas refrigeration system, for use in refrigerated transport.
• Russia Federation - FDI Due Diligence: Full feasibility study into proposed greenfield development of an integrated vodka distillery, bottling and bottle manufacturing facility.
• Armenia - FDI Due Diligence: Technical and financial Due Diligence into proposed expansion of garments and textiles factory, focussing on the company’s ability to compete in the European market.Kyrgyzstan - FDI Due Diligence: Technical and financial Due Diligence on a proposed new housing complex focussed on the growing international expatriate community.
• Ukraine - FDI Due Diligence: Technical and financial Due Diligence into glass factory in to provide EBRD with clear and professional judgement of commercial viability and risks of investment in this enterprise.
• Russia Federation - FDI Due Diligence: Technical and financial Due Diligence on automotive components factory, specialising in press-forms and dies. The assessment focussed in particular on identifying the risks of price transfers and asset stripping as well as evaluating projections based on product expansion.
• Bulgaria - FDI Due Diligence: Technical Due Diligence on largest furniture manufacturer ahead of proposed equity investment with the aim of augmenting productive capacity.
• Macedonia - FDI Due Diligence: Full Due Diligence for proposed equity investment in a Greek company’s plans to develop an electrical distributor boards and fluorescent light fittings production facility on a greenfield site.
• Macedonia - FDI Due Diligence: Comprehensive pre-assessment of a telephone call centre in preparation for EBRD equity investment in the enterprise.
• Turkmenistan - FDI Due Diligence: Technical and financial assessment of a mens’ sock manufacturer, including Due Diligence on the project’s sponsors in Italy and sister enterprises in Uzbekistan.Turkmenistan - FDI Due Diligence: Technical Due Diligence on proposed equity investment in wool scouring plant, funding implementation of latest Swiss technology.
• Latvia - FDI Due Diligence: Financial Due Diligence (including valuation of company applying a number of valuation methodologies) into third tier cargo and passenger aircraft operator in advance of potential equity investment by EBRD in the airline.
• Georgia – FDI Due Diligence: carried out comprehensive Due Diligence into private Tbilisi-based bank in advance of potential acquisition of majority shareholding by a London-based private investment group.
• Lithuania - FDI Due Diligence: Financial Due Diligence into brewery and soft drink manufacturer, ahead of proposed EBRD equity investment in brewing company.
• UAE - Feasibility studies: market, technical and financial appraisal of proposed development of two theme parks (Western City and Safari Park) in Dubailand (UAE) incorporating substantial residential element, hotels, cabins and golf course/entertainment attractions for a joint venture American-Saudi investor. Total value of the projects in excess on US$ 750 mill.
• Turkey - FDI Due Diligence: Market, engineering, operational and financial Due Diligence study for proposed multi-million Dollar BOT funding of new international terminal at Atatürk International Airport.
• Qatar - FDI Due Diligence: Feasibility studies for two proposed development projects, both designed to provide high-quality medium- to long-term residential accommodation for expatriates.
• South Korea - feasibility study: comprehensive market and financial analysis of proposed US$ 300 mill. development of an exclusive leisure-based complex on Jeju Island, comprising a 36-hole world-class golf course, 5-star hotel with casino, and 450 villas and apartments.
• Tanzania - feasibility study: Feasibility study for the establishment of a light aircraft service to provide tourist access to game parks.
• Belarus - FDI Due Diligence: Financial, legal and environmental Due Diligence into ladies’ underwear manufacturer, focussing on its ability to expand into foreign markets.
• Uzbekistan - feasibility study: In-depth appraisal of proposed investment in Turkish joint venture to establish refrigerator manufacturing plant, including market, technical and financial appraisal and assessment of project’s ability to meet forecast EBRD and IFC debt-servicing requirements.
• Poland - feasibility study: Initial appraisal of proposed Korean joint venture to establish TV and VCR manufacturing plant, including market, technical and financial evaluation and assessment of ability of project to meet forecast EBRD debt-servicing requirements.
• Lithuania - FDI Due Diligence: Comprehensive Due Diligence into a leuko-sapphire mono-crystals facility.
• Kazakhstan - feasibility study: Feasibility study for development of public transport monorail system for Almaty, to be operated on a concession basis. Study reviewed routing issues, passenger demand and pricing structures, technology assessment and operations and management aspects.
• Nigeria - feasibility study: Feasibility study into proposed 300m/t per day flour mill in Lagos.
• Latvia - FDI Due Diligence: Financial Due Diligence into proposed expansion of manufacturer of plastic packaging, including IAS restatement of accounts and enterprise valuation.
• Bosnia - FDI Due Diligence: Technical and environmental Due Diligence for proposed equity investment in a decorative stone processing company .
• Ukraine - FDI Due Diligence: Comprehensive Due Diligence into proposed equity investment in a garment manufacturer, and in a company redeveloping and converting into offices a number of buildings owned by the manufacturer.
• China - feasibility study: comprehensive market and financial evaluation of proposed US$ 300 mill. development on green-field site in Beijing of a high-tech Science Park with associated hotel and villa complex.
• Lithuania - FDI Due Diligence: Financial Due Diligence into a publisher of City Guides, with branch operations in six central and eastern European countries.

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