Post on 11-Jul-2020
NEXGEN Financial Solutions Pvt. Ltd.Merchant Banker. SEBI Regn No. INM 000011682
www.nexgenfin.comWeb: Email id: sanjeev@nexgenfin.com
NEXGEN 709, Madhuban Building, 55, Nehru Place, New Delhi – 110019
Tel.: + 91-11-30682000 , Fax : + 91-11-30682111
Financial Solutions Pvt. Ltd.together we can...
Corporate Write-up
NEXGEN Financial Solutions Pvt. Ltd.Category - 1 Merchant Banker. SEBI Regn No. INM 000011682
www.nexgenfin.comWeb: Email id: sanjeev@nexgenfin.com
NEXGEN
NEXGEN An Introduction: NEXGEN Team’s Deals include:
709, Madhuban Building, 55, Nehru Place, New Delhi – 110019
Tel.: + 91-11-30682000 , Fax : + 91-11-30682111
Debt Syndication
Term Loan Syndication
Working Capital Syndication
Financial Restructuring
IPO & Pre IPO Advisory Services
Private Equity Syndication
Fair Valuation of Shares
Valuation for Equity Placement
Valuation Services
Valuation for Relisting Purposes
Portfolio Valuation for Investors
Fairness Opinion & Valuation for
M&A of Listed Companies
Advisory
Services
International
Capital Market Services
Domestic
Capital Market
Services
Domestic Market Offerings
Initial Public Offer , Follow on Public Offer,
Buy Back Offering, Delisting, Disinvestment
Qualified Institutional Placements
Corporate Bond Issue
Integrated services starting from planning
up to successful execution for the following:
ADRs/ GDRs/ AIM Listing
Foreign Currency Convertible Bonds
Rights Issue, Preferential Allotment
NEXGEN
International Market Offerings
Financial Solutions Pvt. Ltd.together we can...
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: Valuation of Global Corporates
Companies
SEBI Registered (Category - 1) Permanent Merchant Banker
NEXGEN Financial Solutions Pvt. Ltd.Merchant Banker. SEBI Regn No. INM 000011682
www.nexgenfin.comWeb: Email id: sanjeev@nexgenfin.com
NEXGEN 709, Madhuban Building, 55, Nehru Place, New Delhi – 110019
Tel.: + 91-11-30682000 , Fax : + 91-11-30682111
Financial Solutions Pvt. Ltd.together we can...
Corporate Brief
NEXGEN Financial Solutions Pvt. Ltd. (“NEXGEN”) is a SEBI Registered (category - 1)Permanent Merchant Banker provides integrated Debt & Equity Solutions to power Sector, especially the Clean Energy Sector. NEXGEN’s track record includes:
@ More than Rs. 50,000 Cr (US $ 8 bn approx.) of Fund Raising during last decade including : § Gujarat State undertakings: Rs. 32,000 Cr. (approx.)
§ Private Sector : Rs.10,000 Cr. (approx.)
§ Other States : Maharashtra, Rajasthan, Andhra Pradesh, Himachal, Madhya Pradesh & others
@ Financial Advisory practice covering : § Power Generation § Power Transmission & Distribution § Roads & Highways
@ includes : § Financial Advisor to Gujarat Solar Mission - 2009.§ Largest Solar Power Financial Advisors With Financial Closure in excess of
400 MW (6% of India’s Solar Financing)
@ VALUATION ADVISOR to Global Leaders including :
@ PROUD about : Repeat business of all clients – Govt. & Private Sector
Renewable Energy Focus
ExxonMobil Corporation, USA Nestle, S.A. Schneider Electric, S.A LinkedIn Corporation, USA First Solar Inc., USA Parexel International Corporation, UKPearson Plc, UK Fabindia Overseas Pvt. Ltd., India Evalueserve Limited, Bermuda NCR Corporation, USA & others……
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(Now taken over by Microsoft)
NEXGEN Financial Solutions Private Limited
Private & Confidential www.nexgenfin.com Page 1 of 13
1. Our Introduction :
NEXGEN is a “SEBI registered (Category - 1) Permanent Merchant Banker” with current focus on Infrastructure especially Clean Energy Sector. It provides following products and services:
1.1 Debt:
Debt Syndication - Syndicating Debt for the various State Govt., SLUs, Private & Public owned Corporations
Debt Restructuring - Restructuring the terms including the Interest Rate, Tenor & others to achieve desired efficiency by the borrower
Corporate Bond Issue & Placement
1.2 Equity:
Private Equity from PE Fund Managers
IPO & Pre IPO Advisory Services
Managing Public Offerings – IPO, FPO, Rights Issue, QIP, Preferential Allotment, etc.
1.3 Valuation Services:
Fair Valuation of Shares
Valuation for Equity Placement
Portfolio Valuation for Investors, Lenders etc
Fairness Opinion & Valuation for M&A of listed companies
2. Our team has to their credit a total experience of Fund Syndication in excess of Rs. 50,000 cr (more than US $ 8 bn) in the last few years for Infrastructure Sector.
3. NEXGEN’s, Team has served other various respected & reputed clients including:
3.1 State Govt. (Rs. 3,300 cr - Debt) (Andhra Pradesh, Rajasthan, Nagaland &
Himachal Pradesh),
3.2 State Govt. Undertaking (38,000 cr – Debt & Rs. 2,000 cr – Equity) Gujarat(Rs.31,075 cr.) : GSEG, GIPCL, GACL,GEB, GUVNL,GSECL,BECL,
GPPC, GETCO
Financial Advisor to Gujarat Solar Mission since 2009
NEXGEN Financial Solutions Private Limited
Private & Confidential www.nexgenfin.com Page 2 of 13
Maharashtra( Rs. 625 cr.) : MSEB, MSRDC
Madhya Pradesh( Rs. 650 cr.) : NHDC
Andhra Pradesh (Rs. 150 cr.) : HMWSSB
Himachal Pradesh ( Rs. 500 cr.) : HPSEB, HPIDB
Bihar (Rs 2114 Cr.) : BSPHCL, BSPGCL
3.3 Central Govt. Undertaking (Rs. 3,200 cr – Debt) : SJVNL
3.4 Private Sector Infrastructure Companies (Rs. 10000 cr.) (Jaypee Group, CSEC, OPG, HPPPL –formerly known as Moser Baer etc.)
NEXGEN Financial Solutions Private Limited
Private & Confidential www.nexgenfin.com Page 3 of 13
4. Our Board of Directors :
4.1 Mr. Prem Singh, I.F.S. (Retd.) – CHAIRMAN
Former Indian High Commissioner to Singapore Former Advisor & Vice Chairman-Cum-CEO of Foreign Investment Promotion
Board, Government of Haryana Fellow, Centre for International Affairs, Harvard University, USA
4.2 Mr. Anoop Murari, IIT (Mumbai), IIM (Calcutta)
Three decades of experience in the Corporate Finance & Investment Banking with various corporates including Union Carbide India Ltd, Shipping Corporation of India, Apple Computers Inc.
4.3 Mr. Himanshu Goyal, ACA, L.L.B
Practicing Chartered Accountant with more than 8 years of experience, handling varied tax matters at CIT (A), ITAT and CBDT level. Providing tax advisory services to various PSU’s and Institutions
4.4 Mr. Hitender Mehta, FCA, FCS, L.L.B
Former Chairman of NIRC ICSI – Calendar Year 2008 Practicing lawyer in areas like Corporate, Tax and Business Advisory Services A recognized expert on SEZ Policy & Procedure
4.5 Mr. Sanjeev Gupta, Managing Director & Co- Founder
Chartered Accountant with an experience of more than two decades in fund raising Have spearheaded raising of funds (Debt and equity) in excess of Rs. 30,000cr (US$
6 bn) both nationally and internationally.
4.6 Dr. Namita Gupta, Director
Qualified BHMS, with an experience of more than 8 year in Fund raisings. She has handled transactions in both debt & equity segment in excess of 2700 crs.
Other members of the Board include eminent professionals & retired SBI official (with three decades of experience). Besides our Team comprises of Chartered Accountants (CAs), Company Secretaries (CS), Lawyers (LLBs), Management a graduate (MBAs), Engineers & CFAs
NEXGEN Financial Solutions Private Limited
Private & Confidential www.nexgenfin.com Page 4 of 13
Team NEXGEN’s Track Record with GOVT. of GUJARAT Companies
EXECUTIVE SUMMARY
NEXGEN’s deep relationship with GUJARAT & Our contributions to Gujarat’s Energy Sector is summarized below: Rs. 20,000 Crore + of Debt – Syndication by Team NEXGEN (details enclosed)
Interest Savings through Interest rate re-setting at GEB & various Gujarat
Government Companies.
Helping the turnaround of Gujarat’s Energy Sector, since 2001 (losses being Rs.20,000 Cr around) to 2013 (all Government of Gujarat Companies being Profit making NOW).
Helping “Key Strategic” thought process in “Gujarat’s Energy Sector” including :-
Increasing efficiency in the Transmission & Distribution Sector of Gujarat.
Cost Saving including interest saving in Gujarat Govt Companies since 2001, continuously.
‘Innovative Financial Structuring’ in ‘GoG’s Energy Sector.
Associating & Catalyzing Innovative thought Process at “Pandit Deendayal Petroleum University (PDPU)”, at Gandhinagar, Gujarat.
Catalysing the thought process for “An Innovation & Incubation Fund”, at PDPU, at Gandhinagar.
Financial Advisor to Gujarat Solar Mission - part of the ‘think-tank’ since 2009:
contributions including evolution of Gujarat Solar Power Policy – 2009, funding of Charanka Solar Project & Financial closure of Solar Power Developers.
One of the “LARGEST” - Solar Power Debt Syndicator in with an aggregate Debt Syndication of Rs. 1,890 Cr. achieving Financial closure of 250 MW (spread over 14 SPVs):
being 23% of total 1,000 MW executed in Gujarat till 15.07.2015. and 6% (+) of total 4,096 MW executed in India till 15.07.2015.
NEXGEN Financial Solutions Private Limited
Private & Confidential www.nexgenfin.com Page 5 of 13
GUJARAT Transaction Track Record
Company Name of the
Client Year
Amount (Rs. in Cr.)
Execution
Gujarat Energy Transmission Corporation Limited Total (Rs in Cr): 5010
Mar’14 2400
Term Loan Syndication
Mar’13 900Sep’10 575Mar’09 1135
Total
5010
Gujarat State Electricity Corporation Limited
Total (Rs in Cr): 3531
Aug’11 500 Term Loan Syndication
Mar’08 1300 Loan Syndication – current effective rate is 9.9%
Mar’08 700 Pvt. Equity size of Rs. 500 cr. to 700 cr.
May’07 947 Loan Syndication
Sep’05 25 IFCI Term Loan Restructuring
Sep’05 59 IDBI Term Loan Restructuring- savings of Rs. 0.96 crore p.a
Total 3531
Gujarat Industries Power Company Limited
Total (Rs in Cr): 3115
Mar’13 925 Debt Re-structuring to the rate of 10.50% p.a.
Jul’04 1050 Loan Syndication – Parallel Sanctions received @ 7.75% from 2 institutions
Nov’03 700 Financial Restructuring from 14% to 9%, thus saving Rs. 35 Crore
2003-04 220 Book Building Issue –Leader of team coordinating pre issue responsibility
2003-04
220
Financial Reengineering – achieved premium of Rs. 7.5 Crore on bond sale
Total 3115
NEXGEN Financial Solutions Private Limited
Private & Confidential www.nexgenfin.com Page 6 of 13
Bhavnagar Energy Company Limited Total (Rs in Cr): 259
Feb’11 259 Co- arranger for Loan Syndication
GSPC Pipavav Power Company Limited Total (Rs in Cr): 700
Jan’08 500 Private EquityJan’08 200 Loan Syndication
Total 700
Gujarat Electricity Board
Total (Rs in Cr):
9328
Jun’05 127 REC Term Loan Restructuring to cut costs
Jun’05 200
Loan @ 7.5% p.a. fixed in increasing interest rate scenario of March 05.
Jun’05 4046
Structured Interest Rate Swap of Bond Liabilities of GEB
Jan’05 2684
Restructured WC loans from 12 banks- saved Rs. 12 cr. p.a.
Dec’04 1171 Term loan Restructuring achieved from LIC & PFC in record time of 1 month
Jun’04 100 Loan Syndication at 7% p.a. fixed
Jan’04 1000 LIC in a path breaking initiative restructured GEB bonds
Total 9328
NEXGEN Financial Solutions Private Limited
Private & Confidential www.nexgenfin.com Page 7 of 13
Gujarat Urja Vikas Nigam Limited Total (Rs in Cr): 673
Oct’05 160 Savings of Rs.3.2 crore p.a. achieved from REC interest rate of 10.5%
Sep’05 415
Unlocking Assets & Reduction of Term Loan Interest Rate from 9% to 7.5%
Apr’05 98 Bond Buyback of Rs. 98 crore
Total 673
Gujarat State Energy Generation Corp. Ltd. Total (Rs in Cr)
437
2003-04 217 Debt Restructuring from 14.5% to 7% p.a
2003-04 220 Financial Restructuring-Restructured from 13.25% to 9.5%
Total 437
Gujarat Alkalies and Chemicals Ltd. Total (Rs in Cr): 800
2003-04 800
Corporate and Financial Restructuring- Brought interest rate from 14% to 7.23%
Tourism Corporation of Gujarat Ltd.
Evaluation of various divestment options of the properties
Total – Gujarat Rs. In Cr. 23,853
23,853
NEXGEN Financial Solutions Private Limited
Private & Confidential www.nexgenfin.com Page 8 of 13
Team NEXGEN’s Track Record with PRIVATE Sector Companies
WORK Done under GUJARAT Solar Mission
Company Name of the Client Year Amount
(Rs. in Cr.) Execution
Hindustan Cleanenergy Ltd.
Financial Closure of 250 MW Solar Power Project (Work done under Gujarat Solar Power Mission)
Mar’11-Till date
1890 Term Loan Syndication (14 SPVs)
OTHER Private Sector Companies
FACOR Power Ltd. Ongoing 510.98 Debt Restructuring
Adani Power Ltd. Feb’16 1000 Term Loan Syndication
Facor Power Ltd. Oct’14 50.86 Loan Syndication
NSL Nagapatnam Power &Infratech Ltd.
Jul’16 – Till date
125 Settlement of Dues & Monetization of Assets
SEW LSY Highways Limited
Nov’13-Till date
1824 Reappraisal of the project (post Shift in COD)
260 Quasi Equity Syndicated
400 Take out funding (replacing existing Lenders)
343.53 VGF Funding Total (Rs. In Cr.) 4514.37
SEW Infrastructures Limited
Nov’13 150 Quasi Equity Funds – For BOT Projects
OPG Power Gujarat Ltd. Nov’11 810
Term loan for 300 MW Solar Power Plant
Ganesh Housing Corporation Ltd.
Apr ’10-Apr ’11
49 Term Loan Syndicated
Swiss Park Vanijya Pvt. Ltd
Jan ’11 50 Term Loan for upcoming 5 MW Solar Power Plant under JNNSM
Total 1309
NEXGEN Financial Solutions Private Limited
Private & Confidential www.nexgenfin.com Page 9 of 13
Team NEXGEN’s Track Record with Other STATE GOVT. Companies
Company Name of the Client Year Amount
(Rs. in Cr.) Execution
BIHAR TRANSACTIONS
Bihar State Power Generation Company Ltd.
Mar’13 1248 Debt Syndication - Project Finance
North Bihar Power Distribution Company Limited
Jan’13 215 Financing under Part B of R-APDRP Scheme
South Bihar Power Distribution Company Limited
Jan’13 651 Financing under Part B of R-APDRP Scheme
HIMACHAL PRADESH TRANSACTIONS
Himachal Pradesh State Electricity Board
2003-04 250 Loan Syndication
Himachal Pradesh Infrastructure Dev. Board
2003-04 925 Loan Syndication
Satluj Jal Vidyut Nigam Limited
2003-04 1300 Loan Syndication
Govt. of Himachal Pradesh
2003-04 500 Loan Syndication
ANDHRA PRADESH TRANSACTIONS
Govt. of Andhra Pradesh 2003-04 1200 Loan Syndication
Hyderabad Metropolitan Water Supply and Sewerage Board
2003-04 150 Loan Syndication
NEXGEN Financial Solutions Private Limited
Private & Confidential www.nexgenfin.com Page 10 of 13
RAJASTHAN TRANSACTIONS
Govt. of Rajasthan 2004-05 1200
Loan Syndication
NAGALAND TRANSACTIONS
Govt. of Nagaland 2003-04 407 Financial Restructuring
MAHARASHTRA TRANSACTIONS
Maharashtra State Electricity Board
2003-04 160 Debt Restructuring
Maharashtra State Road Development Corp. Ltd.
2003-04 465
Loan Syndication of Rs. 250 crore for Bandra Worli Sealink and Rs. 215 crore for Pune City Integrated Road Development Project
MADHYA PRADESH TRANSACTIONS
Narmada Hydro Development Corporation
2003-04 650 Loan Syndication
KARNATAKA TRANSACTIONS
Krishna Bhagya Jal Nigam Limited
Advisor for Financial Restructuring – Existing High Cost borrowings swapped with Low Cost Funds.
CENTRAL GOVERNMENT UNDERTAKING TRANSACTIONS
National Highway Authority of India
Aug’03 Financial Advisor – JV Partner Search for Jetpur- Rajkot Bypass
National Highway Authority of India
Mar’04
Financial Advisor- JV Partner Search for roads on NH-3 &NH-33
NEXGEN Financial Solutions Private Limited
Private & Confidential www.nexgenfin.com Page 11 of 13
Our VALUATION Track Record
Company Name of the Client Year Execution
ESOP VALUATIONS
LinkedIn Corporation, USA (An Online Professional Network Website)
Nov’11-Aug’16 34 Assignments
Axiom Global Inc., USA (A leading law firm)
Jan’17-June’17 2 Assignments
Fabindia Overseas Pvt. Ltd., India (India’s largest Company for making traditional and hand based products)
Mar’14 – April’17 8 Assignments
Organic India Pvt. Ltd, India (It is an internationally certified Organic Health & Wellness Products Manufacturing and Marketing Company)
Mar’15 – April’17 3 Assignments
Nestle, S. A. (World’s leading Nutrition, Health and Wellness Company)
Mar’12-Mar’16 6 Assignments
First Solar Inc., USA (Global provider of Photovoltaic (PV) Solar Energy solutions Company)
May’13-March’17
5 Assignments
Parexel International Corporation, UK (A Leading global bio/pharmaceutical services organization)
Dec’13 – March’17
7 Assignments
Pearson Plc, UK (A World leading learning Company)
May’10-Dec’13
6 Assignments
Evalueserve Limited, Bermuda (A Global Specialist in knowledge process)
Nov’13 – July’15 7 Assignments
NEXGEN Financial Solutions Private Limited
Private & Confidential www.nexgenfin.com Page 12 of 13
Schneider Electric, S.A (Global Specialist in Energy Management)
Nov’13 – June’17 12 Assignments
NCR Corporation, USA (A Global Technology Company)
Aug’13 3 Assignments
Quintiles Transnational Corp., USA (Leading player in Global Pharmaceutical services)
July’12 1 Assignment
ExxonMobil Corporation, USA (World’s largest publicly traded International Oil & Gas Company & also the world’s largest Company by Revenue)
Dec’11 1 Assignment
EAST Limited, UK (A Branded Fashion clothing for Women) Sep’11 1 Assignment
Avery Dennison Corporation, USA (A Global manufacturer and distributor of pressure-sensitive adhesive materials)
June’11 1 Assignment
ALCOA Inc, USA (World’s 3rd largest producer of Aluminum)
Mar’11 1 Assignment
Saviance Technologies Pvt. Ltd., India (An IT Solutions Provider Company) Jan’11 1 Assignment
UNICON Financial Intermediaries Pvt. Ltd., India (Investment Services Provider Company)
Dec.‘10 1 Assignment
CPP Group Plc, UK (Assistance Business Provider Company)
July’16 1 Assignment
NEXGEN Financial Solutions Private Limited
Private & Confidential www.nexgenfin.com Page 13 of 13
FAIRNESS OPINION
Pearl Global Industries Limited (A Multinational ready to wear apparel Manufacturing Conglomerate)
Apr’13
Certificate in Scheme of Amalgamation &
NOC from SEBI, NSE & BSE for subsequent
listing
MINDA Industries Limited, India (Manufacturer of Auto Electrical & Light System)
May’10-Oct’10
Fair Opinion Certificate in Scheme of
Amalgamation
SPECIAL PURPOSE VALUATIONS
Asian Hotels North Limited (One of the leading player in the Indian hospitality industry operating under the brand Hyatt Regency Hotels)
Apr’14 – Aug’15
3 Assignments - Under regulations
10(1)(v)(i) SEBI SAST Regulations, 2011
Fabindia Overseas Pvt. Ltd., India (India’s largest Company for making traditional and hand based products)
Sep’12 Valuation as per FEMA
Saviance Technologies Pvt. Ltd., India (An IT Solutions Provider Company)
May’11 Private Equity Valuation