Introduction to NOAH Advisors
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Introduction to NOAH Advisors December 2013 Strictly Private and Confidential NOAH Advisors - Europe’s Leading Internet Corporate Finance Boutique Selected Completed NOAH Transactions Unique Industry Know-How Strong Investment Banking Competence February 2013 May 2012 . 100% focused on Internet companies, covering . The NOAH team has 20+ years of media 150 million growth equity investment from over 25 sub-verticals investment banking experience Growth equity investment from for a 50% stake alongside Fotolia’s Founders and - 20+ years coverage of leading European - Routine execution of M&A and financing for a 30% stake alongside Softonic’s Founders and Internet and investors transactions with sizes of several billion euros Additional $150 million senior debt financing Angel Investors at a valuation of €275m Total $300 million investment . Deep understanding of industry dynamics . The team has been working together closely for Exclusive Financial Advisor to Financial Advisor to Fotolia and its Shareholders . Ability to add value beyond banking advice 10 years (including 6 years at Lehman Brothers) Softonic and its shareholders - Facilitates overall process and minimizes . 16 successfully completed NOAH Advisors management distraction transactions underline successful transfer of April 2012 November 2011 competencies to the Internet sector Sale of a 100%-stake in Sale of a majority stake in Unmatched Network and Relationships Full Commitment - We Are Entrepreneurs! . NOAH Advisors is globally very well connected . The NOAH team are entrepreneurs and focused to to and has direct access to virtually all key players in on growing the business and establishing a Quants Financial Services AG the industry reputation for excellence Exclusive Financial Advisor to grupfoni and its Shareholders - Knowledge of and strong relationships with . Full commitment to deliver top quality results in Financial Advisor to Toprural and its Shareholders potential buyers’ key decision makers short time frames - Coverage of over 200 companies and 4,000 . Highly success-based compensation structures individuals July 2011 April 2011 align interests of clients and NOAH Advisors, and Sale of a majority stake in - Proactively finds and unlocks attractive demonstrate conviction to deliver top results investment opportunities for leading have acquired a majority stake in investors (e.g. Bigpoint) to . Annual NOAH Conference for $350m from The NOAH Advisors Core Team Exclusive Advisor to Advisor to EnGrande Summit Partners and TA Associates Marco Rodzynek Jan Brandes April 2011 December 2009 Managing Director Director Sale of a majority stake in Partial sale of and Founder to to Valuing Softonic at €175m Contact Details Contact Details Advisor to Yatego Advisor to Softonic [email protected] [email protected] 2 Overview of the NOAH Conference 2012 Attendance Development 2009 - 2012 Great Program & Speakers 1,350 High-Level Attendees 1,354 . 107 speakers from 15 countries . 1,354 attendees from 44 countries 1,142 . 45 CEO company presentations . Over 300 CEOs . 7 interviews . All major financial investors . 10 keynotes represented 600 650 . 8 panels . 5 “How to…” discussions NOAH Party Fantastic Networking 2009 2010 2011 2012 . Over 900 guests at the iconic . Large buzzing networking Battersea Power Station areas / speakers lounge Country Split (Top 10) . Music, dancing, drinking, . Launch of NOAH Insider networking, … Event Sponsors - 1,300+ registrations Germany 34% - 600+ meetings - 4,500+ messages sent UK 31% Netherlands 4% US 4% Seven Ventures Pitch Day Interesting Satellite Events Israel 3% Switzerland 3% . 7 startups pitch for €7m in TV ad media France 3% . Online live stream Spain 3% 44 countries in total Russia 2% 1 € 4m Sweden 2% 2 € 2m 3 € 1m Other 12% Impressions from NOAH’12 NOAH’13 Attendees by Type . Date: 13-14 November 2013 Internet company 30% . Location: Old Billingsgate, London Investment fund 17% . Registration opens early 2013 Start-up 16% . Resources - www.noah-conference.com Other 12% - twitter.com/noahconference Media company 11% - www.facebook.com/NOAHConference Consultancy firm 4% Angel investor 4% Investment bank 4% Law firm 1% Press 1% Traditional retailer 0% 3 NOAH San Francisco‘12 on 25-26 June NOAH San Francisco Conference 2012 Impressions . The first NOAH San Francisco Conference took place on 25-26 June 2012 at the Four Seasons Hotel 55 CEOs presented their leading European Internet companies . Attendance by over 500 high-calibre guests - Mix of senior executives from US Internet and media companies and corporates and leading Internet finance companies Ideas Behind NOAH San Francisco Presenting European Companies . To enable European Internet companies to establish or improve relationships with their US counterparts, media executives and investors . To provide US attendees with an opportunity to meet the leaders of European Internet in one place . To facilitate mutual learning in presentation sessions about the European and US Internet market 4 The NOAH Advisors Team An entrepreneurial team of highly experienced professionals focused on Internet corporate finance advisory Marco Rodzynek Jan Brandes Marco Bombach Graphic Designer Managing Director and Founder Director With NOAH Advisors since Jun-10 (April 2009) With NOAH Advisors since Aug-10 [email protected] [email protected] Previous Experience • Digital content creation, creative concept development, Previous Experience Previous Experience covering the full audio-visual production chain, content • Lehman Brothers, 1998 - April 2009 (acquired by • Lehman Brothers, 2005 – May 2010 (Nomura from distribution and optimization for all media channels Nomura end 2008) end 2008) • 14+ years in the new media industry - Head of Internet, Media Investment Banking - Media/TMT Investment Banking • 10+ years audio-visual production • 40+ completed M&A deals ($95bn+), including : • 15+ completed M&A deals, including : Marina Khrolovich Assistant With NOAH Advisors since Jan-12 Previous Experience • Manager in International Business Department of SOE "Belaeronavigation" (Civil Aviation Industry) • Specialist degree, Economics and Industrial Management, Belarusian State University of Informatics and Radioelectronics Zafar Nalibayev Nikhil Parmar Marija Sevcenko Associate Analyst Analyst With NOAH Advisors since Sep-13 With NOAH Advisors since Jul-12 With NOAH Advisors since Apr-13 Previous Experience Previous Experience Previous Experience • 2+ years of experience in M&A / corporate finance with • BSc in Economics and MSc in Economics (with • M&A / corporate finance with J.P. Morgan goetzpartners, Nikolaus & Co, RBS and Mediobanca specialisation in Finance) from the London School of • BSc in International Business Administration from • MA in International Economics (with specialization in Economics Rotterdam School of Management Investment Management) from University of Konstanz 5 NOAH Advisors Milestones A short but highly successful track record establishing NOAH Advisors as a brand in European Internet 2009 2010 / 2011 2011 / 2012 6 Unique Access to a Wide Range of Internet Investors Long lasting relationships with strategic and financial investors Internet Traditional Large Cap Coverage of over 10,000 industry leaders: TMT & Retail 600 target companies and 300 investors Angels / Family VC and Hedge Funds Private Offices Growth Equity Funds Maryland Klaus Hommels Armira 7 Unparalleled Financial Investor Presence at NOAH‘12 8 The Universe of Financial European Internet Investors NOAH Advisors maintains close contact with key investors in all major categories Venture Capital Growth Funds Buyout Funds Wellington Acton Endeit Capital Intel Kennet Fidelity Index Peacock Accel Bessemer Balderton Sequoia Capital R Growth Silverlake Growth Carlyle Battery Palamon Oak Investcorp GMT Vitruvian Insight Cyrte Spectrum Hill Great Atlantic General Warburg Pincus TCV Summit Francisco Partners Veronis Capital HG Exponent TA Silverlake Carlyle Permira 3i CVC Apax Providence TPG Blackstone Bain Advent Cinven KKR H&F (€ million) Holtzbrinck EU Office ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ US Office ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ Internet Deals 1 1 1 1 1 1 1 1 2 1 1 1 1 2 2 1 2 2 2 2 2 2 1 2 2 2 1 1 1 1 2 2 2 2 1 1 2 2 1 3 2 1 3 3 3 2 3 3 1 800 800 750 700 700 Equity Investment Size 600 600 Control Investments Only 600 Sweet Spot 500 500 500 500 500 500 400 400 400 400 300 300 300 300 300 300 300 250 200 200 200 200 200 200 200 200 200 150 150 150 120 100 100 100 150 80 100 75 100 70 70 70 70 70 70 60 60 120 50 50 100 100 100 100 100 100 100 100 35 30 25 25 25 25 25 75 75 75 20 15 60 50 50 50 40 40 40 30 30 0 30 0 25 25 25 20 20 20 20 20 5 5 5 5 5 5 5 5 15 15 2 2 10 10 10 10 10 10 Note: Number of previous European Internet deals: 1 - many, 2 - a few, 3 - new to the segment. 9 Internet is a Complex Parallel Economy 300 European public/private Internet companies valued at about €100 billion, of which over 150 worth over €100m Market Size Est. Aggregate Segment (€bn) Maturity Selected Leading European Companies Value (€bn) Consolidation Play 123 TV, Allopneus, art.com, Artnet, Artprice, ASOS, Black Circles.com, Bodaclick, Brack, Brandalley, Brille 24, CDiscount.com, CentralPoint.nl, ComputerUniverse.net, Cool Blue, CTS Eventim AG, Cyberport, Deal United, Delticom, Digitec, ditech.at, eBuyer, Elbee, e-shop.gr, Euronics, Glasses Direct, Glassesusa, Hawesko, HepsiBurada.com,