Reference projects

Arranging the investment in the company PRP, s.r.o.

Investment by increasing equity
Company PRP, s.r.o.
Residence Tomášovce, Slovenská republika
Form of financing By increasing equity
Total amount of the investment 27mil. CZK
Expected appreciation 15 – 20% IRR
Date of the investment 2017

 

PRP, s.r.o.:

PRP processes about 250 thousand cubic meters of wood, which puts it in the second position among Slovak wood processing companies. Between 2006 and 2008, the company significantly modernized its production capacities; automation of many production processes has been carried out in order to continuously increase work productivity. PRP is one of the largest business partners of the Slovak State Forests company. In order to increase the processing capacity, the Company started to build a new plant in the Tomášovce area covering an area of 90,000 square meters, in 2014.

Purpose of the investment application:

Investing in a new progressive cutting technology (LINCK) and building drying lines in total value of EUR 15 million means increasing the capacity to 500 thousand cubic meters of processed mass while increasing productivity and efficiency of production, raw material yield and at the same time final products with higher added value. By the equipment modernization the company has expanded its product range, for example the production of tiles, profiles, pallet cuts of panels, roof structures.

 

DC ENERGY a.s.

Issuer DC ENERGY a.s
Residence Ječná 550/1, Nové Město, Praha 2
Name of bond DC ENERGY 6,50/2021
Total value of emission 138.000.000 CZK
Coupon 6,50% p.a.
Coupon payment frequency Semiannual
Emission date 2017
Due date 2021

 

Issuer:

The main activity of EURO DEVELOPMENT, a.s. and their subsidiaries (including the Issuer) is a development activity consisting of the construction of exclusively residential real estate. This is the next bonds emission of the Euro Development group. The real estate development project “Byty Jesenice” is covered by the Issuer DC Energy a.s., which owns a 100% share in the company Byty Jesenice, s.r.o.

Purpose of emission:

Developer project Byty Jesenice has currently obtained a building permit for engineering networks. It will gradually build six four-storey houses that will offer 108 housing units. Part of the project will also include 4 villas with 32 apartments. Overall, the project involves the construction of 140 housing units.

 

Dluhopis Saunia, s.r.o.

Issuer Saunia, s.r.o.
Residence Praha 1 – Nové Město, Olivova 2096/4
Name of bond Saunia 6,25/21
Total value of emission 125.000.000 CZK
Coupon 6,25% p.a.
Coupon payment frequency Semiannual
Emission date 2017
Due date 2021

 

Issuer:

Saunia, s.r.o. is a company engaged in the construction and operation of sauna worlds in shopping centers in the Czech Republic.

Every sauna world Saunia offers more types of saunas, more types of cooling after sauna, relaxation rooms of adequate size. The capacity of individual worlds is over 100 customers at one time and an area of 900 square meters in average.

Purpose of emission:

Issuer plans to open another 5 sauna centers and, in this connection, undertakes that the profits from the Emission will exclusively be used (i) for the financing of the extension of the sauna centers network operated by the Issuer and (ii) the repayment of existing loans / credits provided to the Issuer by its associates in connection with the construction and opening of the sauna centers.

 

EURO DP 1 7,25/2019 bond

Issuer EURO DEVELOPMENT PROJECT 1, s.r.o
Residence Ječná 550/1, Nové Město, Praha 2
Name of bond EURO DP 1 7,25/2019
Total value of emission 95.000.000 CZK
Coupon 7,25% p.a.
Coupon payment frequency Per quarter
Emission date 2016
Due date 2019

 

Issuer:

The main activity of EURO DEVELOPMENT, a.s. and their subsidiaries (including the Issuer) is a development activity consisting of the construction of exclusively residential real estate. The proceeds will be used to build a total of 18 available family houses in the towns of Cholupice and Královice near Prague. A territorial decision or building permit has already been issued for this project.

Purpose of emission:

The Issuer undertakes to use the profits of the Emission solely for the purchase of Land, for the financing of the construction on the Land, for the financing of the related project costs, and for the financing of the payment of third party Claims to the extent that the Existing litigation rights and the Rights of the building may be terminated.

PRP 8,50/2019 bond

Issuer PRP s.r.o.
Residence Tomášovce, Slovenská republika
Name of bond PRP 8,50/2019
Total value of emission 87.000.000 CZK
Coupon 8,50% p.a.
Coupon payment frequency Semiannual
Emission date 2015
Due date 2019

 

Issuer:

PRP, s.r.o. was founded 18 years ago and is now one of the largest wood processing companies in Slovakia. Its main trade items are building lumber, prisms, planks, laths and boards. The company handles about 250 thousand cubic meters of wood, which puts it in second place among Slovak woodworkers. Between 2006 and 2008, the company significantly modernized its production capacities; automation of many production processes has been carried out in order to continuously increase work productivity.

Purpose of emission:

In 2014, the strategic decision was made to increase the processing capacity during the years 2015 to 2019 up to the level of 500 thousand cubic meters of wood mass per year. PRP partners decided to build a new plant in the Tomášovce area on about 9 hectares of land and concentrate all production on it. The new technology will bring significant energy savings; increasing the yield of wood mass (3%); savings of transport costs (€ 2.3 / m3 – € 300tis / year) and saving of wage costs (a reduction of 120 workforce to a total of 155 employees). The new technology will therefore double the capacity while saving 30% of fixed costs.

 

Mezzanine financing of Gevorkyan, s.r.o.

Loan reciever Gevorkyan, s.r.o.
Residence Banská Bystrica, Slovenská republika
Form of financing Mezzanine loan
Total amount of loan 5,5 mil EUR
Interest rate Compound interest (cash interest + PIK)
Loan date 2016
Due date 2022

 

Issuer:

The company is a leading manufacturer and supplier of the most demanding parts made of powdered metals and is the European leader in powder metallurgy. These parts are used in various industries, particularly in the automotive industry, construction machinery, oil extraction and processing, hand tools, medical technology, safety systems and the cosmetics industry. Gevorkyan puts great emphasis on research and development, in which 10% of employees work steadily and who consistently cooperate with institutions such as the Slovak Academy of Sciences, Cambridge University and others.

Loan purpose:

Continue to develop complex products with high added value and diversify assortment by developing the use of MIM and HIP technologies. By 2019, the company plans to increase revenue by 40% over 2015. To achieve these results, the company plans to invest approximately 7.5 million EUR in the expansion of production capacities between 2015 and 2017.