pal capital presentation

Founded in 1995, Pacific Alliance

Limited, LLC (“Pacific Alliance”) is a

merchant bank providing advisory

services to companies in the USA, China

and Latin America seeking to create

strategic opportunities, raise funds or

create joint ventures. Our services

include broad financial advisory,

mergers & acquisitions advice,

restructuring advice, and private

placements of debt and equity

securities.

Our clients work with us because we

understand the unique opportunities

and problems of transacting business

between parties from different cultures.

We apply relevant experience and

senior-level execution skills to produce

positive results.

Pacific Alliance is a merchant bank that focuses on US, Chinese and Latin

American companies seeking to engage in cross border transactions. The

firm advises companies seeking capital or strategic acquisitions to expand

and consolidate their market position between these important markets.

Pacific Alliance has a unique competitive advantage in its target markets.

The principals of Pacific Alliance have been responsible for many significant

transactions for Chinese companies in the international markets, including

the first listing of a Chinese company on the New York Stock Exchange (Ek

Chor China Motorcycle) and the first listing of a Chinese power company on

the international markets (Hopewell Holdings). In Latin America, the

company was responsible for the sale of the largest Spanish Language On-

line Advertising Network to FOX Networks (Digital Ventures/FOX).

We leverage our long-standing relationships with financial sponsors,

companies, institutional and non-institutional investors, entrepreneurs and

financial intermediaries in the U.S., Asia, Europe and Latin America to assist

our client companies in mergers & acquisitions and raising growth capital to

assist our clients in reaching their next levels of success.

Pacific Alliance works exclusively with US, Chinese and Latin

American companies that require capital or strategic

acquisitions to expand their market position. This would

include the following types of companies:

Companies or projects which can attract investments of

$50mm to $100mm of international capital

Companies that have successfully raised an initial level

of operating capital from institutional investors or non-

institutional investor,

Companies that present considerable top-line growth

potential through additional capital investment, strategic

acquisitions and/or entry into new geographic markets.

Managers seeking to launch funds to take advantage of

opportunities in domestic or international markets.

•On-line/Digital Businesses

• Media/Entertainment

• On-line Advertising

• Social Networking

• Internet

• Transportation

• Telecommunications

• Real Estate

• Energy

We work closely with management teams to

assess the strategic initiatives that require

additional capital investment and

acquisitions.

We advise management on the often difficult

transition from business conception to

implementation, addressing the challenges of

organizational development, market

positioning, competitive analysis and financial

development. We develop long-term

relationships with clients to focus not on a

single transaction but on the client company’s

overall strategic direction.

Our experience and network of business

contacts enhances a company’s access not

only to capital, but to a network of world class

management executives and entrepreneurs

that have been integral in the successful

development of companies and industries.

Pacific Alliance can be an objective source of strategic advice that combines

operating resources, strategic insight, and financial judgment and perspective.

The firm’s professionals understand the issues and concerns facing the

management teams of US, Chinese and Latin American companies seeking to

transact business internationally. Each transaction is structured to accommodate

not just the capital needs of the company but the growth opportunities and the

interests of ownership and management. Our strategy is to provide our clients

the financial and other resources required to achieve their objectives.

Pacific Alliance enters into a transaction with a patient view towards building long-

term value. We work directly with management to pursue growth strategies that

will significantly enhance the value of the business, strategies that entail internal

expansion as well as strategic acquisitions. We also initiate and guide growth

buyouts, working with management to pursue industry consolidations that result

in substantial, new companies.

Growth opportunities. That’s what we’re about.

Our M&A advisory business provides confidential,

strategic and tactical advice to early-stage and

middle-market growth companies. By virtue of their

size and stage of development, many of our clients

are likely to require expertise not in a single

transaction, but numerous transactions that can be

part of a company’s overall strategic direction.

We work as a partner with strong management teams

that have a significant personal investment in the

company and a clear business strategy. Our

approach is to work as a trusted senior advisor to top

corporate officers and boards of directors, helping

them devise strategies for enhancing shareholder

value. We believe this relationship-based approach to

our M&A advisory business gives us a competitive

advantage in serving a distinct need in the market

today.

Real Estate

Healthcare

Information Technology

Logistics & Transportation

Media & Entertainment

Retail & Wholesale Distribution

Internet

We believe our M&A advisory practice can be differentiated from that of our

competitors in the following respects:

Objective Advice with a Long-Term Perspective. We seek to

recommend shareholder value enhancement strategies or other financial

strategies that focus on the long-term success of our client companies.

Transaction Execution & Results. Our principals have advised on

more than $20 billion of announced transactions, including acquisitions,

sale processes, mergers, recapitalizations and restructurings.

Senior-Level Attention & Experience. We bring senior-level attention

to all facets of a transaction, from the initial evaluation phase to the final

stage of executing our recommendations.

Independence & Confidentiality. We do not underwrite securities,

publish securities research, or act as a lender. This enables us to avoid

the potential conflicts that may arise from these activities at larger, more

diversified competitors.

We structure and execute complex debt, equity and equity-linked

offerings undertaken by clients to finance their businesses, key

acquisitions and other important strategic initiatives.

Pacific Alliance works with companies where it can add value by

providing capital and resources to support management-led

initiatives that accelerate growth, upgrade key business processes,

and improve productivity. We recognize the importance of a capital

structure flexible enough to take advantage of growth opportunities

and to endure the global economic cycles.

We understand that financing growth is often a difficult task. The

ability to raise capital for early-stage companies can be a continuous

and tiring challenge for many management teams. Our objective is

to provide our partners flexibility in achieving their financial and

strategic objectives by developing innovative financial structures

that similarly attractive to our universe of investors.

Pacific Alliance will structure transactions with the objective to

maximize returns to its investors, and an essential component of this

objective is the appropriate exit strategy for our client companies.

The principals at Pacific Alliance have transacted over 30 deals with a

total valuation of over US$10 billion involving parties in the US, China,

and Latin America. We have developed a deep set of relationships and

connections with various parties benefiting our clients in these rapidly

growing markets.

We have a database of over 100 parties looking to make investments

with international companies spanning diverse industries, including:• Real

Estate •

Entertainment•

Transportation

• Energy • Heath

Care •

Telecommunications• Media

• Internet

• Advertising

Davnet

Hong Kong/ USA

Strategic advisor to

Davnet, a global

convergence services

provider. Executed

international business

development, including

establishing and

managing Davnet USA.

Company later sold to

NTT.

The Transaction

Fully-financed

US$4,000,000 bid for

New World Telecom in

Hong Kong; Significant

growth in company’s US

revenue and market

position; Company sold

to NTT.

Pacific Alliance in Technology and Media

Digital Ventures

Argentina

Represented Digital

Ventures, the largest

Spanish language ad

network, in its sale to

FOX/News Corp.

The Transaction

Digital Ventures sold to

FOX/News Corp at a

premium to initial offer.

Robotic Vision Systems,

Inc.

USA

The market leader in laser-

based optical quality

control for the semi-

conductor industry.

The Transaction

Raised US$15,000,000 in

convertible debt.

Condo.com

USA

Founded and managed

the strategic growth of

the world’s largest condo

marketplace. Conceived

and executed funding

and partnership

strategies.

The Transaction

Currently the world’s

largest vertical ad

network for

condominiums.

Ek Chor China

Motorcycle

China

Design, manufacture,

and sale of motorcycles

and motorcycle parts and

components, automotive

air conditions

compressors and

carburetors, and other

automotive parts and

components. Also a

dealer of earth moving

machines and power

generation equipment.

The Transaction

IPO-first listing of a

Chinese company on the

New York Stock

Exchange.

US$105,000,000

Pacific Alliance in Asia

Hopewell Holdings

Limited

Hong Kong/China

Controls five major power

plants in China. The

Hopewell Group is a

premier Hong Kong

company with diverse

business interests

including property

investment and

development, highway

infrastructure, hotel and

hospitality, and

construction.

The Transaction

144A Equity-first listing

of Chinese power

company in international

markets.

US$400,000,000

Empire East Land

Holdings

Philippines

Builders of middle-income

housing bringing benefits of

harmony, well-being and

value to residents.

The Transaction

144A Equity

US$200,000,000

TelecomAsia

Thailand

Market-leader in the

region, reaching an

audience of 30,200

service providers and

enterprise users across

the region. The

incumbent telephone

company for Thailand

and largest controlling

shareholder of Orient

Telecom & Technology

(OTT) and AsiaSat.

The Transaction

144A Equity

US$350,000,000

Pacific Alliance provides objective, high-level

financial advisory services to early-stage and

middle-market growth companies.

Each of our engagements includes the

involvement of senior professionals who bring

relevant, hands-on industry experience as well

as proven investment banking and private

equity skills.

As a merchant bank, our interests are aligned

with our client companies: we succeed when

the client succeeds.

Our approach is driven by the long-term strategic objectives of our clients. Our reputation

is built on providing our clients with knowledgeable advice. Free from product, research

or client conflicts, our interests are fully aligned with those of our clients. Pacific Alliance

will structure transactions with the objective to maximize returns to its client companies,

its shareholders and its employees.

Mr. Haft is founder and Managing Partner of Pacific Alliance Limited, LLC. He has

extensive experience in both investment banking and private equity investments

particularly in the areas of emerging markets, and digital Internet and wireless

digital media and communications businesses.

Prior to founding PAL, Mr. Haft was the Managing Director of Latin American Equity

Capital Markets at ING Barings (U.S.) Securities, Inc. Previously, he was founder

and Managing Director of Emerging Markets Investment Banking at Furman Selz,

LLC, and Managing Director of Asian Investment Banking in Hong Kong for Bear,

Stearns & Co., Inc. Prior to his three years in Hong Kong, Mr. Haft worked for six

years as an investment banker at Bear Stearns in New York in the Mergers &

Acquisitions and Latin American Corporate Finance Groups. He has been

responsible for the origination and closing of transactions in the U.S., Asia, Europe

and Latin America with an aggregate value of over $20 billion and was responsible

for the first listing of a Chinese company on the New York Stock Exchange. In

2007, Mr. Haft represented the leading Spanish language Internet advertising

network in their acquisition by PUNTO FOX, a division of News Corp.

Mr. Haft received a BA in Economics from Vassar College and a JD/MBA from Emory

University. Mr. Haft is a member of the New York State Bar. He is a founder and

board member emeritus of Urban Arts Partnership, a not-for-profit organization

that provides arts education to public schools in New York City.

James HaftChairman

130 East 59th StreetNew York, NY 10022Tel: 212.759.2888

For more information contact:

James [email protected]: 212.759.2888

www.palcapital.com

An independent, merchant bank

focused on early-stage and

middle-market growth

companies, founded to provide

this specific market niche with

superior financial advice.

Experience | Execution |

Results

INFORMATION TECHNOLOGY & INTERNET

Company Sector

(US$MM)

Country Description

Attachmate Corporation Software 150.0 USA Acquisition Finance

BET/Rediffusion Simulation Flight Simulation 225.0 UK Sell-side Advisory

Compact Video, Inc. Software 100.0 USA Fairness Opinion

Condo.com Ad Network - Social Network 6.0 USA Sell-side Advisory

Edulink, Inc. Internet - Education 2.0 USA Private Equity

Internet Commerce Corporation Internet - EDI Vendor 3.0 USA Private Equity

JamNow.com/Lightspeed Audio Social Network (On-Line Music) 5.0 USA Sell-side Advisory

Manufacturers’ Services Limited Contract Manufacturing 50.0 USA Acquisition Finance

Mobile Medical International Corp. Medical Technology 1.0 USA Asset-Backed Loan

Morgan Stanley Venture Capital / Trident Group Cable Billing 85.0 USA Acquisition Finance

Pentek Corporation Materials Handling 30.0 USA Sell-side Advisory

Robotic Vision Systems, Inc. Semiconductor Equipment 15.0 USA PIPE

Sisdam Technology Software 5.0 Argentina Private Equity

Superfly/Ad Authority Ad Network 7.0 USA Sell-side Advisory

Technisys, Inc. Financial Services 2.0 USA Private Equity

MEDIA

Company Sector (US$MM) Country Description

Broadway Asia Entertainment, LTD Live Entertainment Distribution 8.0 China Sell-side Advisory

Digital Ventures/FOX Networks-NEWS Corporation Spanish Language Ad Network NA Argentina Sell-side Advisory

Grupo Televisa Broadcast 200.0 Mexico 144A Debt

K-III Communications Publishing 150.0 USA Acquisition Finance

MAS Comunications, Inc. Radio Content 3.0 USA Private Equity

Planeta Networks Internet Content 10.0 USA Private Equity

Solomon Entertainment Group Programming 10.0 Colombia Private Equity

Supercanal, SA Cable Television 250.0 Argentina 144A Debt & Equity

The Hearst Corporation & Capital Cities/ABC Cable Television 125.0 Brazil Buy-side Advisory

TransTel Cable Television / Telephony 150.0 Colombia Recapitalization

Univision, Inc. Broadcast 150.0 Mexico/USA 144A Debt

TELECOMMUNICATIONS


Alestra S.A. Switched Telephony 200.0 Mexico Acquisition Finance

BET/Rediffusion Radio Systems Wirelelss Radio 20.0 UK/USA Sell-side Advisory

CellSat, LLC Satellite 100.0 USA Private Equity

CNH de Venezuela Wireless CLEC 25.0 Venezuela Private Equity

Fibernet Telecom Group Telecommunications 15.0 USA Buy-side Advisory

FirstCom Corporation CLEC 10.0 Latin America Private Equity

Genesys Networks Telecommunications 5.0 USA Fairness Opinion

IFX Corporation Internet Service Provider 25.0 Latin America Private Equity

Ionica Group plc Wireless 100.0 UK Buy-side Advisory

Manquehue / Williams Communications CLEC 100.0 Chile Private Equity

MFS Communications, Inc. CLEC 200.0 USA Syndicated Finance

Mpower, Inc Telecommunications 15.0 USA PIPE

Newcom Americas Wireless CLEC 25.0 Central America Private Equity

TelecomAsia Telecommunications 350.0 Thailand 144A Equity

Teleport Communications Group CLEC 250.0 USA Syndicated Finance

Telinor Long Distance 250.0 Mexico Acquisition Finance

CONSUMER GOODS


Ambrosoli / Grupo Said Food & Beverage 50.0 Chile Private Equity

American Home Home Improvement 25.0 Argentina Private Equity

BJ's Club de Compradores Retail Supermarkets 25.0 Venezuela Private Equity

Bodegas y Vinedos Andinos Fine Wine 75.0 Argentina Private Equity

Borden/Krylon Automotive Paints Autoparts 70.0 USA Sell-side Advisory

Borden/Krylon Spray Paints Paints 220.0 USA Sell-side Advisory

Callanen (Guess/Timex Watches) Luxury Watches 30.0 USA Sell-side Advisory

Fuddrucker’s Restaurants Restaurants 50.0 USA Restructuring

Iberia Foods Wholesale Distribution 10.0 USA Buy-side Advisory

Mayfair Supermarkets Retail Supermarkets 220.0 USA Buy-side Advisory

Meritas LLC Education 45.0 Mexico Buy-side Advisory

NT Gargiulo Food 40.0 USA Sell-side Advisory

RecycleBank, Inc. Cleantech 6.0 USA Debt Financing

Seguridad Privada SA de CV Security Services 25.0 Mexico Private Equity

SureFit Acquisition Co. Consumer Goods 25.0 USA Buy-side Advisory

Tequila Herradura SA de CV Beverage 50.0 Mexico Private Equity

INDUSTRIAL & FINANCIAL INSTITUTIONS


Compahnia Vale do Rio Doce/Pohang Metals & Mining 150.0 Brazil Structured Finance

Consorcio G Grupo Dina Transportation 200.0 Mexico 144A Equity

Consorcio G Grupo Dina Transportation 225.0 Mexico IPO

Corp. Financiero del Valle Financial Institutions 40.0 Colombia 144A Equity

CorpGroup S.A. Financial Institutions 750.0 Chile Private Equity

Ek Chor China Motorcycle Transportation 105.0 China IPO

Empaques Ponderosa Pulp/Paper 125.0 Mexico 144A Equity

Empire East Land Holdings, Inc. Housing 200.0 Philippines 144A Equity

Grupo Chihuahua/Accel Conglomerate 100.0 Mexico Sell-side Advisory

Grupo Soletur Hotels & Leisure 20.0 Brazil Recapitalization

Hillsborough Holdings Conglomerate 2,000.0 USA Bankruptcy

Huntington Acquisition Co. Specialty Chemicals 45.0 USA Buy-side Advisory

I.F.R. Matarazzo Conglomerate 500.0 Brazil Restructuring

Nacional Financiera Financial Institutions 200.0 Mexico 144A

PanAm Flight Simulators / Indra Flight Simulation 30.0 USA Recapitalization

Ponderosa Industrial, S.A. de C.V. Pulp/Paper 200.0 Mexico Restructuring

Rossi Residencial Housing 100.0 Brazil 144A Equity

Texo Corporation Specialty Chemicals 30.0 USA Sell-side Advisory

TransPro, Inc. Autoparts 10.0 USA Mezzanine

US Buyout Group Food Processing NA Chile/Brazil Private Equity

US Buyout Group Petrochemicals NA Mexico Acquisition Finance

HEALTH CARE


ED Care Management, Inc. Medical Services 20.0 USA Asset Backed Loan

ED Care Management, Inc. Medical Services 12.0 USA Buy-side Advisory

ED Care Management, Inc. Medical Services 4.0 USA Private Equity

Gemini Holdings PLC Biotechnology 15.0 USA / UK Mezzanine

PharmaSoft, Inc. Biotechnology 10.0 USA / UK Private Equity

US Buyout Group Healthcare 100.0 USA Recapitalization

UTILITIES


CEPA (Hopewell Holdings) Electric Utilities 400.0 HK/China 144A Equity

Comision Federal Del Electricidad Electric Utilities 250.0 Mexico 144A

Comision Federal Del Electricidad Electric Utilities 200.0 Mexico 144A

COPEL (State of Parana) Electric Utilities 1,000.0 Brazil 144A Equity

Empresa Distribuidora La Plata S.A. (Edelap) Electric Utilities 110.0 Argentina Sell-side Advisory

Empresa Distribuidora Norte S.A. (Edenor) Electric Utilities 200.0 Argentina Sell-side Advisory

Empresa Distribuidora Sur S.A. (Edesur) Electric Utilities 180.0 Argentina Structured Finance

Empresa Distribuidora Sur S.A. (Edesur) Electric Utilities 350.0 Argentina Sell-side Advisory

Tuymen Oil Energy 100.0 Russia Eurobond

Quexco International Utilities - Gas Distribution 60.0 Brazil Recapitalization

TOTAL (France) Utilities - Gas Distribution 300.0 Colombia Buy-side Advisory

pal capital presentation

Documents

chinese companies

new companies

client companies

latin american companies

growth capital

strategic opportunities

middlemarket growth

growth opportunities