1. THE EMIRATES CAPITAL LIMITED
Authorised and Regulated by the Dubai Financial Services Authority

2. BACKGROUND SERVICES CLIENTS TEAM
• Founded in January 2008, Emirates Capital is a European merchant bank and corporate finance
boutique headquartered in Dubai and regulated by the Dubai Financial Services Authority (DFSA).
• The Firm’s primary focus is providing financial advisory and capital raising services to middle market
clients in the Middle East, Europe, North America and Southeast Asia.
• Our services include mergers and acquisitions advice, private equity advisory, private placements and
public offerings of debt and equity. Typical transactions include the financing of business expansion,
either organically or through acquisitions, recapitalizations, refinancing and IPO listings.
• Emirates Capital’s clients primarily comprise of middle market companies, private owners of
businesses, private equity firms and providers of debt capital. We are committed to the highest
standards of service excellence by delivering the full resources of our firm to every client.
• We differentiate ourselves by the depth and breadth of experience of our senior professionals. We are
BACKGROUND
uniquely qualified to serve the long term strategic interests of our clients as a result of our extensive
transaction experience and broad network of relationships developed over decades with leading
investment banks, private equity firms, consulting firms and established industrial groups.
• Emirates Capital is owned by a select group of European private investors.

3. BACKGROUND SERVICES CLIENTS TEAM
• Among Emirates Capital’s key strengths are its international perspective, in-depth knowledge
of regional markets and deep networks across key regional financial centers.
Europe
Zurich,
Hamburg,
Moscow*
SE Asia
Singapore*
BACKGROUND
North America
Vancouver
Middle East
Dubai HQ
• We offer our clients international solutions that take advantage of linkages across markets
and geographies .
* Offices are in the process of being established.

4. BACKGROUND SERVICES CLIENTS TEAM
• Emirates Capital specializes in providing objective, independent and informed advice to our
clients, who include middle market companies, private owners of businesses, private equity
firms and providers of debt capital.
Mergers & Acquisitions
We advise both buyers and sellers in facilitating and financing
transactions, combining our execution capabilities with extensive
relationships in the financial sponsor community.
Private Equity Advisory
We place funds for private equity firms. We help our private equity
clients finance and acquire businesses and assist them in exiting
from their portfolio companies, acting both as buy-side and sell-side
advisors, respectively.
OUR SERVICES
Private Placements
We assist our clients in raising private debt and equity capital for
general expansion, recapitalization and for acquisition purposes,
allowing management teams to execute their business strategies.
Public Offerings
We assist our clients to raise debt and equity in the public markets,
and support them in structuring, syndication, distribution and
pricing of their securities.

5. BACKGROUND SERVICES CLIENTS TEAM
Merger & Acquisition Advisory
• Emirates Capital works closely with clients to originate, due diligence, structure and value,
finance, and execute the purchase and sale of companies, subsidiaries, business units and other
operating entities. We assist in various post-acquisition value creation initiatives, as needed.
Due Structuring Value
Origination Financing Closing
diligence & Valuation creation
We design We value the We assist in We support
customized We assist We provide
target raising you in
solutions for you in experienced
company and additional negotiating
clients - finding the operating
determine the debt and/or the sale and
right partner partners in
OUR SERVICES
supporting optimal equity capital purchase ,and
your strategic for supervising
capital to fund the shareholder
initiatives like commercial, the investment
structure transaction, as agreements,
geographic technical, post-
through necessary. as necessary,
expansion, legal and acquisition, as
financial and assist in
vertical finacnial necessary.
analysis & you in closing
integration, due
modeling. the deal.
etc. diligence.
Pre-execution Execution Post-execution

6. BACKGROUND SERVICES CLIENTS TEAM
Private Equity Advisory
• Emirates Capital assists in placing funds for its private equity clients and assists them in
identifying, financing, acquiring and exiting from their portfolio companies.
Origination Fundraising Acquisition Exits
. Identification of target • Quality access to • Facilitate contact with • Assist in identifying
companies consistent LP's to secure fundings target companies. various portfolio
to our PE client's for our PE clients. • Assist in due diligence divestment options.
OUR SERVICES
strategy. of the target company.
OUR SERVICES
• Assist in raising • Find suitable buyers
additional debt /equity • Advise on valuation & to execute exit
financial structure.
funding to finance PE strategies.
transaction. •Assist in negotiating key
agreements and • Assist in client's exit
transaction closing. deal execution.
• Assist in post- acquisition
value creation initiatives.

7. BACKGROUND SERVICES CLIENTS TEAM
Private Placement
Emirates Capital assists middle market companies to raise private debt and equity capital for
general expansion, recapitalization and acquisitions.
Network Reach Selective Approach Structuring Flexibility
• Emirates Capital uses • We are able to match • Common & Preferred
its extensive network our clients funding Equity
of venture capital, requirements based on
OUR SERVICES
private equity, hedge the company's stage of • Mezzanine Bonds
funds, strategic development and
investors and financial particular circumstances • Second Liens
institutions to deliver with the appropriate
funding options to its sources of private capital • Varying Tranches of
middle market clients. in order to maximize Senior Debt
value.

8. BACKGROUND SERVICES CLIENTS TEAM
Public Offering
• Emirates Capital is well positioned to act as a lead advisor to companies seeking to raise debt or
equity capital in the public markets. We offer our clients support in:
Valuation Listing Documents Book Building & Pricing Distribution
• Support issuers in • Support issuers in • Coordinate • Strong investor
developing their business drafting their roadshows on behalf of networks in:
plans. prospectuses. our clients.
- GCC
OUR SERVICES
• Test assumptions • Support companies - Europe
•Assess level of interest
underlying the issuers during the listing - China
from investors.
growth plans. - Russia
process.
- North America
• Evaluate future scenarios. • Set initial price and
• Liaise with the shares to be issued
regulators to advance based on expected • Strong connections
• Conduct extensive
the interest of our demand. to European family
financial modeling to value
businesses using customary clients. offices.
methodologies derived from •Determine optimal
our global trans- actions allocations.
experience.

9. BACKGROUND SERVICES CLIENTS TEAM
• Emirates Capital’s clients include management teams of middle market companies, private owners
of businesses, private equity sponsors and providers of debt capital.
• A sample of some of the clients that the Emirates Capital team have successfully advised include:
Private Equity Corporate
OUR CLIENTS

10. BACKGROUND SERVICES CLIENTS TEAM
2009 2009 2009
Corporate Finance Advisor Non deal/deal Road-show Placement Agent
Identify a JV and financing Organising the non-deal road- Acted as a placement agent
partner for GCC market entry show for a NYSE/AMEX listed for a USD 22 millions equity
and global rollout of an F&B uranium miner which led to a capital raise for a
business. diversified shareholding base to NYSE/AMEX listed uranium
European/Middle Eastern miner.
investors.
2008 2008 2007
Fund Structuring Support M & A Support M & A Support
OUR CLIENTS
Development of a Shari’ah Buy – Side support for a Sell – Side support for a
compliant financing fund for a leading European Private German compound material
leading European Private Equity Company. Identified producer for the shipping and
Equity Company target and advised on the housing industry. Identified
transaction investors and structured the
transaction
Confidential Confidential

11. BACKGROUND SERVICES CLIENTS TEAM
2007 2007 2006
Fund Structuring Support M&A Support M & A Support
Development of a Fund of Sell-Side support for a leading Sell – Side Support for the
Hedge Funds for a leading German Beverage Company to leading German Luxury Yacht
European Asset Management identify potential investors and Interior Designer. Identified
Company structure the transaction new owner and structured the
transaction
2006 2006 2006
Market Study M & A Support Market Study
OUR CLIENTS
Review of 9 leading Western Buy – Side support for a Swiss Review of locations in the
German Cities, looking at Family Office. Identified target Punjab, looking at market size
market size and structure, in the Fashion industry and and structure, regulation and
regulation and growth advised on the transaction. growth prospects by segment
prospects by segment for Real for Jatropha based electricity
estate Investments production

12. BACKGROUND SERVICES CLIENTS TEAM
2006 2006 2006
M & A Support M & A Support M & A Support
Sell – Side support for a Sell – Side support for a Swiss Sell – Side support for a China
German Based cancer therapy Based producer of bio energy Based purveyor of luxury travel
centre to identify investors and to identify investors and to identify investors and
structure the transaction structure the transaction structure the transaction
RailPartners, Inc.
OUR CLIENTS

13. BACKGROUND SERVICES CLIENTS TEAM
Erik Essiger – Chairman & CEO
Mr. Essiger has over 20 years experience in corporate finance, strategy development
and restructuring projects across a wide variety of sectors, including industrial, business
services, retail and consumer goods.
Prior to founding Emirates Capital, Mr. Essiger founded SCP SWISS CAPITAL-
PARTNERS AG, a corporate finance boutique in Switzerland, which has since been
integrated into Emirates Capital. Prior to that, Mr. Essiger was Senior Manager at
PricewaterhouseCoopers (PwC) Transaction Services Strategy Group in Frankfurt,
focusing on commercial due diligence, strategy consulting and lead advisory. He acted
as Board member of a venture capital company and as Managing Director of a number
of corporates. Mr. Essiger has extensive international experience in Germany, Russia,
Hong Kong and Switzerland and was previously a member of the German-Russian co-
OUR TEAM
operation council.
Mr. Essiger received his MBA in Business Administration from J.W.-Goethe University,
Frankfurt, Germany. Mr. Essiger serves as a Director on the Board of a NYSE-listed
company.

14. BACKGROUND SERVICES CLIENTS TEAM
Michael Hübener - CFO & Director
Mr. Hübener has 10 years of experience in mergers and acquisitions, portfolio
management and business development across various sectors. Prior to co-founding
Emirates Capital, Mr. Hübener was a Partner at Portfolio Consulting in Hamburg,
Germany where he was responsible for business development and M&A transactions.
Prior to that, he was with Brown Brothers Harriman & Company in New York. During his
studies, he worked as a prop trader for Jobs & Lemcke Wertpapierhandels AG, an equity
brokerage firm in Frankfurt am Main.
Mr. Hübener received his MBA degree from the University of Buckingham and his
Bachelors in Economics from the University of Heidelberg.
Khuram Maqsood – Managing Director
Mr. Maqsood has over 12 years of investment banking, project management and private
equity experience. Prior to joining Emirates Capital, Mr. Maqsood was Director and co-
head of the Industrials Vertical at Istithmar World Capital, a Dubai-based government
OUR TEAM
investment company. Prior to Istithmar, Mr. Maqsood was a founding team member of
Dubai International Capital, an investment company owned by the ruling family of
Dubai, where he was responsible for building DIC’s private equity funds portfolio. Mr.
Maqsood started his career in investment banking at CIBC Oppenheimer and HCFP
Brenner Securities in New York.
Mr. Maqsood received his MBA from Harvard Business School and his BS in Business
Administration from Georgetown University, graduating magna cum laude. He
previously served as a Director/Observer on the Boards of Switzerland-based SR
Technics Group and Dubai Aerospace Enterprise.

15. BACKGROUND SERVICES CLIENTS TEAM
Sandra Dierstein – Senior Manager, Corporate Finance
Ms. Dierstein has extensive strategy, consulting and advisory experience across
Southeast Asia, Hong Kong and Europe. Prior to joining Emirates Capital, Ms. Dierstein
was a Manager with PwC Transaction Services Strategy Group in Singapore, London
and Frankfurt where she was responsible for leading cross-border commercial due
diligence, strategy consulting and M&A advisory projects for private equity clients and
MNCs. Before joining PwC, Ms. Dierstein was with Ernst & Young's Corporate Finance
M&A Team in Germany.
Ms. Dierstein received her MBA from the University of Mannheim (Germany) and her
Bachelors in Science from Royal Holloway University of London (UK).
Zeid Massad – Senior Associate
Prior to joining Emirates Capital, Mr. Massad was a sell side equity analyst in Credit
Suisse covering industrials, energy and transport within Middle East and North Africa.
OUR TEAM
Between 2006 and 2008, he worked with FBR Capital Markets (Washington, DC) in the
Energy & Natural Resources team covering oil & gas and mining equities in the USA and
Canada. Prior to that, Mr. Massad was with Arab Bank PLC’s Europe area credit
department where he was responsible for part of Arab Bank’s corporate lending portfolio
in Europe. He started his career in public accounting with Deloitte in Amman, Jordan.
Mr. Massad received his MBA degree from the George Washington University in
Washington, DC and Bachelors in Accountancy from the University of Jordan in Amman,
Jordan. He is also a recipient of the Fulbright Scholarship.

16. BACKGROUND SERVICES CLIENTS TEAM
Ali Al Omari – Associate
Prior to joining Emirates Capital, Mr. Al Omari worked as a Senior Business Associate at
GFS Investments – a Dubai-based investment company, where he was responsible for
building, managing, and advising an extensive network of family office managers and
High Net Worth Individuals.
Mr. Al Omari received his Bachelors degree in Telecommunications Engineering from
Ajman University of Science and Technology in the United Arab Emirates. He is currently
a CFA Level 1 candidate.
Rahul Bhansali – Head of Compliance & Company Secretary
Mr. Bhansali has over nine years of regional and international compliance experience in
corporate entities, finance firms, and stock, commodities and derivatives exchanges. Prior
to joining Emirates Capital, Mr. Bhansali was Senior Compliance Officer with Dubai Gold
OUR TEAM
& Commodities Exchange (the regional first derivatives commodities exchange),
Manager with Birla Global Finance Limited, and Manager in the Compliance
Department at Bombay Stock Exchange.
Mr. Bhansali received his MBA in Finance from Amravati University, India, and a
Bachelors degree in Accounting from Jodhpur University.

17. BACKGROUND SERVICES CLIENTS TEAM
Donna Daou – Team Assistant
Prior to joining Emirates Capital, Ms. Daou was the Administration / Human Resources
Manager at GFS Investments, a Dubai-based investment company. Prior to that, Ms.
Daou worked with various financial services and hospitality groups in Beirut and Dubai
in administrative roles. She also founded and co-owned a hospitality company.
Ms. Daou holds a Diploma in Ticketing & IATA/UFTAA Foundation and EBT course
from the American Universal College in Lebanon. She is also a student of Psychology at
the Lebanese University.
OUR TEAM

18. THE EMIRATES CAPITAL LIMITED
The Emirates Capital Limited
Al Safa Tower, Suite 1004
Sheikh Zayed Road
P.O. Box 506 597
Dubai, United Arab Emirates
Tel.: (+971) 4 331 8305
URL: www.emirates-capital.com