SELECT EXPERIENCE OF GAPSTONE SPECIALISTS AND ADVISORY PANEL
ACOM
Consumer Loan Structured Finance Notes
· $2 billion springing-sale asset-backed MTN issuance facility
· Credit enhanced by Monoline Insurers
AEL Corporation/Loan Star
Consumer Lender Financing & Restructuring
· Asset-Based Lending Facility
· Bond Tender, Exchange, and Restructuring
· Pre-Packaged Bankruptcy Plan
· JPY80 billion true-sale DIP facility for bankrupt non-bank lender
· Principal purchase of JPY22 billion consumer loan receivables from bankruptcy
Air One/Alitalia
Italy Merger Execution
· Financial Adviser
Air One
Italy Aircraft Fleet Financing: Senior & Mezzanine Debt
· Financial Adviser
Akbank Credit Cards
Turkey: Future Flow Securitization
· $250mm Credit Cards Future Flow Securitization
· Financial Guaranty Structuring
Akbank Remittance
Turkey: Remittances Future Flow Securitization
· $200mm Future Flow Securitization
· Financial Guaranty Structuring
Alliance Capital L.P.
Mexico: Advisor to Bondholder Committee
· Advisor to $100MM Bondholder Committee led by Alliance Capital and Cigna for the
· restructuring of Grupo Azucarero Mexico, S.A. (GAM), a Mexican sugar company
Altos Hornos de Mexico, S.A. (AHMSA)
Mexico: Financial Advisor
· Restructuring Advisor to Mexican Steel Company
Arcel Finance Limited (Aracruz
Brazil: Commodity Future Flow Securitization
· $250mm Pulp Exports Future Flow Securitization
· Financial Guaranty Structuring
ASAX Co.
Consumer Loan Securitization
· JPY7.5 billion Master Trust ABS facility
· Backed by blanket mortgage small business loans
Asher Xino / ENI (Agip)
Nigeria: Investment in Undeveloped Oil Field
· Led discussion for potential joint development
· Advisory on Capital Structure & Financing Plan
Asian Development Bank
South Asia: Structured Solutions for Disaster Risk Financing
· Advisory for Public Sector program lending
· Catastrophe-contingent financing structures
Asian Development Bank
Southeast Asia: Structured Fund for Renewable Energy Capacity Development
· Advisory for Private Sector financing
· Structured Fund alternatives to support small hydro & biogas
Atlantide S.R.I.
Italy: Healthcare Receivables Future Flow Securitization
· $482mm Lazio Healthcare Receivables Future Flow Securitization
· Financial Guaranty Structuring
Autodistribution-Finelist/BC Partners/Butler Capital
UK: LBO Senior & Mezzanine Debt
· Joint Arranger
AvanStrate (Korea)
Enhanced Credit Facility
· $130 mm, NEXI-insured term facilities
Aviation Capital Group
US: Secured Bond
· Aircraft equipment lease and mortgage financing
Banamex
Mexico: Future Flow Securitization
· $250mm Credit Card Future Flow Securitization
· $150mm Credit Card Future Flow Securitization
· $400mm Future Flow Securitization
· $800mm Credit Cards Future Flow Securitization
· Financial Guaranty Structuring
Banco Agricola (XL)
El Salvador: Future Flow Securitization
· $60mm Diversified Payment Rights Securitization
· Financial Guaranty Structuring
Banco Agricola
El Salvador: Remittance Future Flow Securitization
· $100mm Future Flow Securitization
· Financial Guaranty Structuring
Banco Bradesco PRI
Brazil: PRI Sub-Debt & $/¥ Swap
· First Political Risk Insurance policy provided directly by Merrill Lynch.
· 2002 Emerging Markets Investor - Deal of the Year
· 2002 Latin Finance - Credit Enhanced Deal of the Year
Banco Cuscatlan
El Salvador: Remittance Future Flow Securitizations
· $100mm Cuscatlan Remittance Master Trust 2002
· $100mm Cuscatlan Remittance Master Trust 2003
· $125mm Cuscatlan Remittance Master Trust 2003
· $100mm Cuscatlan Remittance Master Trust 2003
· Financial Guaranty Structuring
Banco do Brazil (Nikkei Remittance)
Brazil: Remittance Future Flow
· Securitization of workers remittances from Japan to Brazil
· First Brazilian remittance-backed future flow transaction.
· First Brazilian financial future flow transaction.
· 2001 Emerging Markets Investor - Best Securitization of the Year
· 2001 SFI - Emg Mkts Securitization Deal of the Year
Banco do Brazil (Nikkei Remittance)
Brazil: Remittance Future Flow Securitization
· $200mm Nikkei Remittance Trust
· Financial Guaranty Structuring
Banco Do Brasil DPR
Brazil: MT100 Future Flow
· First Brazilian MT100 future flow transaction.
· First future flow transaction based on Issuer's branch flows.
· 2002 IFR Latin America Bond Issue of the Year
· 2002 Latin Finance Structured Finance Deal of the Year
Banco Do Brasil
Brazil: Remittances Future Flow Securitizations
· $250mm Dollar Diversified Payment Rights Finance Co.
· $120mm Dollar Diversified Payment Rights Finance Co.
· Financial Guaranty Structuring
Banco General
Panama: Future Flow Securitizations
· $64mm Credit Card Future Flow Securitization
· $64mm Credit Cards Future Flow Secured Loan
· Financial Guaranty Structuring
Banco Industrial
Guatemala: Remittances Future Flow Securitization
· $125mm Industrial DPR Funding Ltd. Series 2005-1
· Financial Guaranty Structuring
Banco Itau
Brazil: Diversified Payment Rights Future Flow Securitization
· Securitization of financial future flows
· Principal Bid for immediate pricing
Banco Itau
Brazil: DPR Future Flow Securitizations
· $250mm Brazilian Diversified Payment Rights Finance Co.
· $150mm Brazilian Diversified Payment Rights Finance Co.
· $250mm Brazilian Diversified Payment Rights Finance Co.
· $150mm Brazilian Diversified Payment Rights Finance Co.
· Financial Guaranty Structuring
Banco Itau PRI
Brazil: Subordinated Debt with PRI
· Debt backed by Political Risk Insurance
· First Brazilian subordinated debt issuance.
· First Emerging Markets long-term Japanese Yen deal.
Banespa
Brazil: DPR Future Flow Securitizations
· Securitization of financial future flows (2004-1)
· First Multi-Bank DPR Program
Banespa
Brazil: Remittances Future Flow Securitization
· $400mm Brazil Foreign Diversified Payment Rights 2004-1
· Financial Guaranty Structuring
[Top 10 Domestic Bank]
Lebanon: Core Tier 1 Equity Capital Raise
· CET1 Structured Solution
Belize Telecom Ltd.
Belize: Financial Advisor
· Negotiated purchase and integration of Intelco by Belize Telecom Ltd.
Bestel, S.A. de C.V.
Mexico: Financial Advisor
· Advisor to Mexican Telecom Operator
· Implemented and Executed Bond Repurchase Program
Bierrebi
Italy: LBO Senior & Mezzanine Debt
· Arranger
Blue Circle / Lafarge
UK: Acquisition Finance Senior Debt
· Arranger
Brazil Resources Inc.
Brazil: Limestone Mining Company Capital Raising
· Valuation & Capital Structure Review
· Development of Preferred Stock potential investor base
· Assist with marketing materials
Cap Cana, S.A.
Dominican Republic: Financial Restructuring: Real Estate Development
· Financial Restructuring for Large-scale Mixed-Use Development
· Master Plan Land Area: 120 Km-Sq
· Senior Secured Note Restructuring through Consent Solicitation and Exchange Offer
Caravans International/Trigano
Italy: Acquisition Finance Senior Debt
· Arranger
Castelgarden/BCI Private Equity
Italy: LBO Senior Debt
· Joint Arranger
Cemex, S.A. de C.V.
Costa Rica: Financial Advisor
· Advised third largest cement company in the world on the acquisition
of CEMPASA, a government-owned cement company in Costa Rica
Cognis/Permira & Goldman Sachs
Germany: LBO Senior Debt
· Co-Arranger
Colonial First State Investments
Australia / New Zealand: Fund Management Fee Securitization
· Tier II capital funding
· First Asset Management Fee securitization in Australia
· First Australian embedded value transaction
Comerci S.A.
Mexico: Derivatives Valuation & Risk Analysis
· Target Redemption Swap Structures
· Currency Exposure
· Analytical and Litigation advisory
Companhia Vale do Rio Doce (CVRD)
Brazil: 30Yr Senior Debt
· Debt for Multinational Mining & Logistics Company Mining and
· Longest ever EMG Mkts Corporate issuance
Coral/Charterhouse Development Capital
UK: LBO Senior Debt
· Co-Arranger
Cosipa II
Brazil: Commodity Future Flow Securitization
· $110mm Steel Slab Future Flow Securitization
· Financial Guaranty Structuring
Costa Crociere Italy: Ship financing
· Arranger
CPS Energy
South Texas Nuclear Project Financing
· Financial advisory for US public utility financing of nuclear project
· Toshiba as EPC
Credomatic CIC Receivables Master Trust
Costa Rica: Future Flow Securitization
· $200mm Credit Cards Future Flow Securitization
· Financial Guaranty Structuring
CS First Boston Corp.
Mexico: Advisor to Bondholder Committee
· Restructuring of Grupo Mexicano de Desarrollo, S.A. de C.V. (GMD), a major Mexican construction company.
Daiei OMC
Consumer Loan ABS
· JPY 20 billion Euro Yen ABS
· Backed by unsecured consumer loans
Debt Resolve Inc.
US: Debt Resolution Platform Company Turnaround
· Turnaround Advisory
· Financial Restructuring Advisory
Delta Airlines
US: Secured Bond
· Aircraft equipment lease and mortgage financing
Dina Trucks (USA), S.A.
Mexico: Pre-Export Note Placement
· Structured and placed medium-term senior secured guaranteed notes for Mexican truck manufacturer
DOTS I-IV
US: Bank Portfolio Risk Transfer
· Portfolio synthetic risk transfers of large bank credit exposures into the capital markets
· Deal sizes approx $1000MM per transaction
Dubai Pearl / Zaidan Group
Dubai: Distressed Real Estate Acquisition
· Large Dubai Mixed-Use Development
· International Financial Advisor
Ducati/TPG & Others
Italy: LBO Senior Debt
· Joint Arranger
Duni AB/EQT
Sweden: LBO Senior & Mezzanine Debt
· Joint Arranger
DVI
US: Medical Equipment Receivables ABS
· Securitization of equipment lease portfolio
· Complex and Hostile Restructuring Followed
EA Developers
Panama: Financial Advisory: Hospitality Real Estate
· Embassy Suites & Glass Tower Complex: Feasibility and Business Plans for hotel and office business complex
· Embassy Suites & Glass Tower Complex: Interim financing
EGPC
Egypt: Export Receivables Future Flow Securitization
· $250mm Gas Export Receivables
· Financial Guaranty Structuring
Eiffage
France: LBO Senior Debt
· Arranger
Elior
France: LBO Senior Debt
· Arranger
Elis Group/BC Partners
France: LBO Senior and Mezzanine Debt
· Co-Arranger
Empresas ICA
Mexico: Derivatives Restructuring Advisory
· Target Redemption Swap Structures
Esselte/JW Childs
Sweden: LBO Senior & Mezzanine Debt
· Co-Arranger
FARAC
Mexico: Financing Commitment
· 3Billion financing commitment for acquisition of toll road concession portfolio
Focus DIA/Duke Street
UK: LBO Senior Debt
· Co-Arranger
Ford Motor
US: Debt Repackaging
· Repackaging of Subordinated Asset-backed Debt
Forethought Financial Services
Acquisition: Closed Block Life Insurance Future Flow Securitization
· $135mm Closed Block Life Insurance Book
· Financial Guaranty Structuring
Foseco/Cinven
UK: LBO Senior Debt
· Co-Arranger
Fumisa Mexico City Airport
Mexico: Commercial Revenue Securitization
· Financing of Mexico City Airport Commercialization Concession
Fumisa
Mexico: Unwind/Restructuring of Airport Securitization Exposure
· Bondholder search
· Credit & Valuation Analysis
· Facilitate Commutation of Monoline Insurance Policy
Garanti Bank
Turkey: Remittances Future Flow Securitizations
· $250mm Garanti Bank MT100-2005H Securitization
· $125mm Garanti BankMT100-2005I Securitization
· $100mm Garanti Diversified Payment Rights Series 2007-C
· Financial Guaranty Structuring
Gazprom
Secured Export Financing
· Securitization of Gas Contract Receivables from Europe
GE Consumer Finance
Consumer Loan ABS
· JPY 17.1 billion Gyro Mortgage Trust Series 2007-1 AB
· Backed by consumer mortgage loans for GE Consumer Finance
Genworth: LIICA
US: A-XXX Financing
· Life reinsurance backed bond
Gerflor/PAI
France: LBO Senior and Mezzanine Debt
· Arranger
Grand Pub/Nomura
UK: Acquisition Finance Senior debt
· Joint Arranger
Grands Moulins de Paris/AXA
France: LBO Senior Debt
· Arranger
Greene King Pubs
UK: Acquisition Finance Senior Debt
· Joint Arranger
Group Bercy Management
France: LBO Senior Debt
· Arranger
Group Maeva, S.A.
Mexico: Financial Advisor
· Advisor to owner/operator of Mexican all-inclusive resort properties
Group Valfond/Phildrew Ventures
France: LBO Senior Debt
· Arranger
Grupo Dina
Mexico: Distressed Debt Acquisition
· Defaulted Mexican Issuer
Grupo Itevelesa/CVC Spain
Spain: LBO Senior Debt
· Arranger
Grupo Recoletas/CVC Capital Partners
Spain: LBO Senior Debt
· Arranger
Grupo Sidek, S.A. de C.V.
Mexico: Advisor to Bondholder Committee
· Advised Bondholder Committee led by WL Ross, CS First Boston,
and Cargill on Bonds for Mexican Tour Property Developer
Grupo Superdiplo II/Vista Capital
Spain: LBO Senior Debt
· Arranger
Halfords/CVC Capital Partners
UK: LBO Senior & Mezzanine Debt
· Co-Arranger
Harrick/Lederman
Panama: Financial Advisory: Residential/Commercial Real Estate
· The Pavilions Towers: Feasibility and Business Plan of a residential and commercial complex
· The Pavilions Towers: Interim financing
Hong Kong Monetary Authority
Credit Relief Program for Underwater Mortgagees
· Innovative Solution Using Special Purpose Reinsurance
· Repackaging of Secured and Unsecured Exposures
· Emulated by HK Banks
Iberica de Diagnostico y Cirugia/CVC Capital
Spain: LBO Senior Debt
· Arranger
ICA Panama Toll Road
Panama: Panamanian Toll Road
· Financing of central toll road of Panama City
· First local transaction to peirce the sovereign credit rating
IDEA/Ecovisions Inc.
KSA: Jeddah Free Trade City Development
· City Center Project with Saudi/Chinese Sponsorship
· International Financial Advisor
IMO Car Wash/Natwest Private Equity
UK: LBO Senior & Mezzanine Debt
· Arranger
Innovative Communication Corp.
Belize: Acquisition of Belize Telecom Ltd.
· Financial Advisor
· Negotiated settlement of claims by Greenlight Capital and Brickell Partners
IRSA-SUR
Peru: Secured Debt & PRI Policy
· Financing of Progress payments based PPP for Peru highways program
· Political Risk Credit Reserve Policy provided by Merrill Lynch
Isbank
Turkey: Remittances Future Flow Securitization
· $250mm Isbank MT100/Remittance
· Financial Guaranty Structuring
Japan Leasing Co.
Consumer Loan ABS Restructuring
· Settlement with bankruptcy trustee in respect of four Euro Yen ABS
Jipangu Inc.
Structured Loan
· $20mm 3-year lending to Japanese mining company
· Backed by mining equipment & gold put option hedges
Juan Eljuri Group
Panama: Financial Advisory: Banking
· Austrobank: Restructuring of operations
· Austrobank: Financial Restructuring
[Large Japanese Electronics Company]
Asset Based Lending Transaction
· $65mm, 3-year ABL revolver facility
Kappa Packaging/CVC Capital Partners
Netherlands: LBO Senior Debt
· Co-Arranger
Kardonski Group
Panama: Financial Advisory: Hospitality Real Estate
· Emporio Grand Hotel: Feasibility and Business Plans for limited service hotel in Panama
· Emporio Grand Hotel: Interim financing
Le Figaro/Carlyle
France: LBO Senior Debt
· Arranger
Legrand/KKR / Wendel Investments
France: LBO Senior
· Co-Arranger
Leucas Ltd.
Japan: Japanese Consumer Loan ABS
· Restructuring/Resecuritization of consumer credit asset pool
Lima Airport Partners
Peru: Securitization of Lima Airport Concession
· Financing of Jorge Chavez International Airport Concession (Lima, Peru)
Luxottica
US: US Shoes Acquisition Finance Senior debt
· Co-Arranger
Mashantucket Pequot Tribe / Foxwoods
US: Gaming Enterprise Bond
· Securitization financing for North American Indian Gaming
Maxtor
US: Securitization of Accounts Receivables
· Financing of accounts receivables portfolio from global disk drive sales
MCII Buses (USA), Inc.
Mexico: Pre-Export Note Placement
· Structured and placed $65MM and $85MM of medium-term pre-export notes
[Mexican Mining Company]
Mexico: Integrated Manganese Miner & Ferroalloy Producer
· Advisory on Corporate strategy and capital financing plan
· Projections & Valuation for strategic alternatives
· Capital Structure optimization
· Asset/Liability Management
[Large Japanese Conglomerate]
Shipping Lease Residual Value Guarantee
· $21 mm, 15-year residual value guarantee for two bulk carriers
Mitsubishi Motor (USA)
Enhanced Credit Facility
· $80 mm, 1.5-year credit enhanced term loan
Mivisa/PAI
Spain: LBO Senior & Mezzanine Debt
· Co-Arranger
Morgan de Toi/Apax Partners
France: LBO Senior and Mezzanine Debt
· Arranger
Multitek S.A./Elandia
US: Distressed Acquisition Process
· Acquisition of telecommunications company shares in receivership
· Financial Advisor to the Acquirer
NCB Jamaica
Jamaica: Future Flow Securitizations
· $125mm Credit Card Future Flow Securitization
· $200mm Credit Cards Future Flow Securitization
· $225mm Credit Cards Future Flow Securitization
· Financial Guaranty Structuring
Newland Intl Properties (Trump Ocean Club)
Panama: Turnaround/Restructuring Financial Adviser
· Turnaround of Iconic Mixed Use Real Estate Project
· $220MM Financial Restructuring
· First Ever South American Prepackaged Chap 11
· Runner-up: 2013 Latin Finance Restructuring Deal of the Year
Newland Intl Properties / Sun International Panama: Casino Acquisition Advisory & Sales Process
Sale of Casino and related assets at the Trump Ocean Cub
· Sales Process & Analysis of Bidder Proposals
· Negotiations & Structuring
Nippon Paper
Credit Facility
· A$20 mm, 1-year uncommitted facility
Nippon Sheet Glass (UK)
Enhanced Credit Facility
· $130 mm, NEXI-insured term facilities
OMA-GACN/Aeroinvest
Mexico: Securitization of Airport Concession Portfolio
· Securitization of 13 Privatized Mexican Airport Concessions
· Securitization of Dividend Rights
· Innovative Structure using HoldCo as Issuer
Omnitel Pronto
Italy: Telco Project Financing
· Arranger
Ontex/Candover
Belgium: LBO Senior & Mezzanine Debt
· Joint Arranger
OPP
Brazil: Petrochem Pre-export Finance Bond
· Securitization of future sales of petrochemical products
Pepsi-Gemex, S.A. de C.V.
Mexico: Financial Advisor
· Advisor to controlling shareholder of largest Pepsi bottler outside of US (Mexico)
Perkins/ABN Capital
UK: LBO Senior & Mezzanine Debt
· Co-Arranger
Perrier-Jouet & Mumm/Hicks Muse
France: LBO Senior Debt
· Joint Arranger
Petrobras
Brazil: Commodity Future Flow Securitization
· $150mm Oil Future Flow Securitization
· Financial Guaranty Structuring
Porchlight Entertainment/Creditor
US: Production & Distribution Company Media Rights Liquidation Process
· Bankrupt Production & Distribution company
· Collateral Marketing Process for Creditor
· Collateral consisting of IP and physical materials
Port Authority of Jamaica
Liability Management across Port Operations
· Financial Advisor
· Renegotiation of Debt Portfolio
· Feasibility for Securitization of Receivables
Promise
Consumer Loan Structured Finance
· $500mm springing-sale asset-backed MTN issuance facility
· Credit enhanced by Monoline Insurer
PYCSA Panama, S.A. de C.V.
Panama: Financial Advisor
· Restructured $131MM Bond Issue for Panamanian Toll Road Operator
Repsol / YPF
Spain/Argentina: Commodity Future Flow Securitization
· $163mm Oil Future Flow Securitization
· Financial Guaranty Structuring
RG Group
Panama: Financial Advisory: Hospitality Real Estate
· Nikki Panama City Hotel: Feasibility and Business plan for 5 Star full services hotel
· Nikki Panama City Hotel: Interim financing
Rich
Consumer Loan Structured Finance
· $200mm springing-sale asset-backed MTN issuance facility
· Credit enhanced by Monoline Insurer
Sanwa Finance Pylos I-III / Leucas
Japan: Japanese Consumer Loan ABS
· Securitization of unsecured consumer loan receivables
· First On-Balance Sheet True Sale Consumer Loan ABS in Japan with follow-on transactions
· JPY 26 billion Euro Yen ABS
· JPY 12 billion Euro Yen ABS
· JPY 11 billion Euro Yen ABS
· JPY 17 billion Euro Yen ABS
Sanwa Finance
Consumer Loan ABS Restructuring
· Total JPY 46 billion ABS liability management transactions for a non-bank lender
· Tender offer, extension, and amendment of prior ABS
Sanwa Money (Korea)
Financing for Korean Consumer Finance Company
· Whole Business Securitization Structure
· JPY 9 billion whole business backed facility
· Secured by entire Korean consumer lending business
· Significant Complexity due to Perfection Law in Korea
· Cross-Border: WH Tax Solution using Irish Lending Entity
Sears 2002-3AX
US: Credit Card ABS
· Securitization financing of Sears global card portfolio
· Principal bid during time of headline risk.
· Portfolio subsequently sold to Citibank
SEAT Pagine Gialle/Investitori Associati
Italy: LBO Senior Debt Refinancing
· Joint Arranger
SEAT/Investitori Associati
Italy: LBO Senior and Mezzanine Debt
· Joint Arranger
Seminole Tribe of Florida - ACA
US: Gaming Enterprise Bond
· Securitization financing for North American Indian Gaming
SFCG
Consumer Loan Structured Finance
· JPY 120 billion whole business backed facility
· Secured by commercial mortgage lending business
Sharp Electronics
Asset Based Lending Transaction
· $150mm, 3-year ABL revolver facility
State Farm: Merna Re
US: Catastrophe Reinsurance Bond
· Multiple-Peril North America
Steadfast Properties
Mexico: Advisor on Acquisition of Hotel Portfolio
· Advised Company on acquisition of hotel portfolio from Grupo Sidek
Strada dei Parchi (Highway concession)
Italy: Project Loan: Securitization of Highway Concession Revenues
· Project Loan and study of asset securitization of highway revenues
· Financial Adviser
[Large Japanese Conglomerate (Indonesia)]
Enhanced Credit Facility
· $30 mm, NEXI-insured term facilities
[Large Japanese Conglomerate]
Portfolio Acquisition Transaction
· Principal purchase of 100% stake in a Hungarian subsidiary
[Large Japanese Conglomerate]
Portfolio Acquisition Transaction
· Principal purchase of MXN 2.4 billion ($200 mm) Mexican retail auto loans
Takefuji
Consumer Loan Structured Finance Notes
· $1 billion springing-sale asset-backed MTN issuance facility
· $1 billion springing-sale asset-backed MTN issuance facility
· $3.5 billion true-sale asset-backed MTN issuance facility
· Credit enhanced by Monoline Insurers
Telepiu' Italia
Italy: Media Financing
· Arranger
The MV Group
Panama: Financial Advisory: Banking
· Financial Advisory for establishment of a banking operation in Panama
The Nurol Group
Panama: Financial Advisory: Banking
· Financial Advisory for establishment of a banking operation in Panama
The Suzer Group
Panama: Financial Advisory: Banking
· Financial Advisory for establishment of a banking operation in Panama
UDI-Bono Credit Swap
Mexico: Local Currency CDS
· Credit intermediation of iliquid local market Mexican bond
Uni B & T Holdings
Panama: Financial Advisory: Banking
· Business Plan for establishment of a banking operation in Panama
· Operating policies and procedures for Regulatory approvals
· Private placement for the establishment of Unibank
USAA: Residential Reinsurance
US: Catastrophe Reinsurance Bond
· Property Risk to Florida Windstorm
Virgin Islands Telephone Corp. (VITELCO)
US Virgin Islands: Preferred Stock Issuance
· $85MM for Virgin Islands Sole Landline Telecom Operator
VisaNet
Brazil: Credit Card Future Flow
· Securitization of merchant vouchers acquired under the VISA brand
· First Brazilian credit card future flow transaction
· First ever monopoly acquirer credit card future flow transaction.
· Innovative Multi-Bank transaction structure (BdB & Bradesco).
· Highest rated financial future flow transaction ever (BBB+/Baa1)
· 2003 IFR - Latam Issue of the Year
· 2003 Asset Securitization Report - Latam Deal of the Year
· 2003 SFI - Emg Mkts Securitization Deal of the Year
· 2003 Latin Finance - Structured Finance Deal of the Year
· 2003 Emerging Markets Investor - Latam Securitization of Year
Vitro S.A.
Mexico: Derivatives Valuation and Risk Analysis
· Target Redemption Swap Structures
· Currency & Commodity Exposure
· Analytical and Litigation advisory
W.L. Ross and Co.
Argentina: Advisor to Bondholder Committee
· Advised Bondholder Committee led by W.L. Ross
for Banco Medefin, failed Argentine bank affiliated with Socimer Group
XL Capital Assurance
Reinsurance Contingent Capital Facility
· Liquidity Swap Provider
Yapi Kredi
Turkey: Remittances Future Flow Securitization
· $250mm Yapi Kredi Diversified Payment Rights Series 2007-B
· Financial Guaranty Structuring