Our Solutions

 

OUR PROJECTS TIMELINE

$ 5M

VC Israel

2011

$ 30M

Ariston RE US

2012

$ 25M

VC Israel From 2011-10x

2013

AINA RE Europe/Hote’s

$ 160M

$ 20M

Peak Ventures

2014

VARIA Italy

$ 50M

48% in 2 years

Ariston (Exit)

2015

Varia US

$ 100M

EUR$ 140M

VARIA SPAIN

2016

VARIA US

$ 100M

VARIA US Listing

$ TBD

UK RE Social Housting

2017

VC Israel
VC Italy
Real Estate Europe

$ 15M

OUR SOLUTIONS


VARIA U.S. PROPERTIES AG

Swiss Company investing exclusively in US multifamily housing. Focus on assets for medium/low income population in markets with employment growth and limited offer. Optimize operating performance through proactive asset management. Asset Manager: Stoneweg SA, advisor and asset manager in international real estate with CHF 600 M. CHF 100 M equity raised end of 2015. Target IRR: 15% ; Property CF Yield: 8-10 % p.a. Use of local partners with strong experience in the multifamily housing, backed by local team from Stoneweg. Third phase of capital increase. End of year listing in the Zurich Stock Exchange.

COMPANY STRUCTURE

  • Managed by Stoneweg S.A. (SW) a Swiss baded firm Majority of the Board members are Swiss. 2 seats for institutionalinvestors
  • KPMG Geneva as auditor
  • Baker & McKenzie acted as advisor on setup of legal structure and is legal and tax advisor
  • DLA Piper is the real estate legal counsel
  • BDO is the accounting firm for Varia US Properties AG
  • Portfolio will be valued yearly by external appraisal firm Colliers

INVESTMENT OPPORTUNITY

  • Unique buying opportunity in a growing economy & recovering real state market
  • IRR between 15% to 25% within 3-4 years
  • Extensive Market knowledge & experience + Joint Ventures with local partners
  • Focused and experienced team combining RE expertise and finance background
  • Independent real estate asset manager working with local partners
  • Stoneweg team secured over $150M through deep market knowledge and network


VARIA SPAIN

HIGHLIGHTS

  • 11 assets signed for a total investiment of 139 M EUR
  • 23% levered URR expected from current model
  • Construction started at project 22@
  • Sales started at Alicante Centro
  • Financing conditions improving rapidly

VARIA STRUCTURED OPPORTUNITIES

Legal Structure
Cayman Fund
Code ISIN € Compartment –
Code ISIN $ Compartment –
Advisor
Stoneweg S.A.
Target Size (Equity)
Equity > €70M
Local Partners > €30M
Spain Focus
Barcelona, Madrid and Mediterranean coast
Sector Focus
Residential Development (2/3) and (1/3) Opportunistic (office & retail)
Investment Focus
Madrid and Barcelona (2/3)
Expected Team
3 years
Expected Investment Period
1 year
Loan-to-Value
Max. 50% of the Aggregate Market Value of all Portfolio
Minimum Investment
125´000 € / $
Fee Structure
  • Asset Management
  • Transaction
  • Project
  • Management Carried Interest
  • 0.75% (equity)
  • 1%
  • 0.75% (GAV)
  • 20% with a hurdle of 12% and catch up
Target Net Return
15-25% IRR, > 1.5x – 1.8x Equity Multiple


ACQUISITION OF HOTEL PROPERTIES (5 AND 4 STAR HOTELS)

The pipeline at the end of the 1st semester 2016 has grown and includes over 59 hotel properties in 12 different countries. Eight exclusivities have been signed and 16 hotels have been registered as a priority within the existing pipeline. The AINA Investment Fund – Hospitality Sub-fund has reached €153,3 million of total commitments. This amount includes € 2 million invested by Aina Capital management and € 6,25 million invested by the Edmond de Rothschild Group.

INVESTMENT OPPORTUNITY

  • Structure SICAV – SIF
  • Domicile Luxembourg
  • Fund currency EUR
  • Launch date 16.12.2013
  • Fiscal year 31 December
  • Auditor Deloitte
  • Valuation Advisior CBRE
  • Fund Advisior AINA Capital
  • Custodian EdR Europe
  • Management Fee A shares 2% E shares 1%
  • Subscription fee A shares 2% E shares NONE


VENTURE CAPITAL . US

STRATEGY
Invest in the underserved, fundamentally strong Mountain West region in Seed & Series A companies with outsized potential for returns
VALUE ADD PRACTISE
Deliver targeted value-add concentrated on sales execution, strategic organizational improvements and capitalization for growth
INDUSTRY FOCUS
Best-of-region seed, select Series A, and opportunistic secondaries
STAGE FOCUS
B2B SaaS, Software & Digital Media
REGIONAL FOCUS
Underserved Mountain West region inthe western United States
RISK-RETURN PROFILE
A diversified portfolio with low technology and market risk and carefully managed execution risk
FUND I PERFOMANCE
Unrealized 1.3x MOM, 4.8x company valuation increase since 1st investment
FUND TARGET
USD $50M
TERMS
20% carry, management fee 2% on committed capital, with a 0.25% annual step down after five years until 1.0%
  • Angel | Pre Fund 1
  • 12 companies
  • 3 exits
  • 10.5x realized return
  • Fund 1 | $32M vintage 2014
  • 31 companies
  • 42% of portfolio with up-rounds
  • 4.8x average valuation increase
  • Fund 2 | Vintage 2016
  • Focus on Seed & Series A, opportunistic Secondaries
  • $50M target
  • MARKET
  • Momentum in Utah – New Yorker, Inc, Forbes4 WSJ, Milken Institute, US COC
    Billion-dollar tech companies such as Vivint ($2B), Domo ($2B), Omniture ($1.8B),
  • Ancestry.com ($1.6B), Qualtrics ($1B),
  • InsideSales ($1B), and Pluralsight ($1B) are nurturing in-state talent, attracting top out-of-state talent, and building the foundation for the next ​wave of startups
  • Utah is an underserved market with twice the GDP per VC firm than the US average
  • TEAM
  • Entrepreneurs, operators, and investment professionals with industry leading track records
  • Founders who have built winning teams and over $1.3B in enterprise value, founding 11+ firms
  • Active in the Utah startup community for more ​than 13 years
  • PROPRIETARY DEAL FLOW
  • Peak Ventures saw 95%+ of the early stage tech deals in Utah that received institutional funding and assessed 4,500+ deal
  • Deep relationships with the state’s top entrepreneurs, universities, incubators & companies
  • Strong, authentic brand for proprietary access and ability to win the best deals


VC ISRAEL

Investment Focus
Early-stage capital-efficient software companies in and around the Internet, primarily in these focus areas: Cybersecurity, Cloud Computing, SaaS (Software-as-a-Service), Big Data and Internet of Things, mostly deep-technology B@B portfolio companies.
Differencial approach
Specialization is transforming proprietary software technologies into game changing online services, while leveraging its highly-relevant Silicon Valley businesss network for introductions to customers, strategic partners, hey hires, top-tier investors and potential acquiers.
Fund II Size
USD 27.5 million
Fund III
US$ 60 million.Mont Blanc clients participate with US$ 16 MM.
Offices
The firm has representative offices in Amsterdam, Netherlands and Hertzella, Israel.
Cases
Mont Blanc
Mont Blanc participates in the Investing Committee
Track record
Fund I returned capital = 10x.

NEW INVESTMENT OPPORTUNITIES IN BRAZIL

  • New player in the cement market. It is a combination of a seasoned professional team supported by a group of unique investors and a sharp strategy.
  • Funding to be completed by MID 2017.
  • Installation license is ready and works will begin in the second semester of 2017.
  • Company seeks investors that may have interest in a small allocation in alternative/private equity assets, from R$2-10 million for a target return of 40-50%.
  • Capital raising of R$500 million – R$200 million have already been committed by current investors (who supported the project since its inception with investments of R$55 million)
  • Mont Blanc will be represented at the Board of Directors.

EDUCATION FUND

  • Education fund led by Educators
  • Previous owners of Education Assets that intend to build a business model unique in Brazil
  • Combination of content, strategy and culture to create long term differential advantages
  • Group has strategic support and advice from experts in the Education Industry in Brazil and envisions attracting complementary assets and seasoned professionals
  • Target R$ 200-250 MM
  • Mont Blanc – active role in the fund (capital raising, management and funds deployment)
  • Accenture Strategy Group has been retained to develop a strategic assessment for the fund


UK AFFORDABLE HOUSING

  • Funding Affordable Homes SICAV SIF S.A. (FAH)
  • Social impact investment in UK government regulated housing
  • Private fund structure regulated by CSSF in Luxemburg
  • Close partnership with housing associations (HAs) and Local Authorities (LAs)
  • Diverse portfolio of freehold residential properties generating an attractive and inflation protected yield underpinned by inflationlinked leases
  • Target return 8%+ IRR with potential further upside on exit
  • Low correlation to the UK housing market
  • Current and near-term assets of £100m+ built up since launch in September 2015 with a further pipeline of £300m+
  • Delivered by a proven team leveraging decades of network and experience
  • Acquisition and lease of homes to HAs and LAs on long term contracts (25-30 years in duration), with steady income and a zero-default record.
Structure
Luxembourg SICAV SIF S.A.
Regulator
Commission de Surveillance du Secteur Financier (CSSF)
Advisor
SHA Housing Ltd, London
AIFM
Fuchs Asset Management S.A.,Luxembourg
Property Surveyor
Jones Lang LaSalle (JLL), London
Auditor
Price water house Coopers Société Coopérative (PwC), Luxembourg
Social Impact Advisor
The Good Economy Partnership Limited, London
Target Return
8%+ IRR
Fees
1.25% p.a. Carried interest: 15% over 6% hurdle with high watermark and partial clawback, all payable in FAH shares
Exit
IPO to be sought in late 2018, backstopped by a continuation vote in late 2020
Currency
GBP
Leverage
Current: Approximately 15%, Target: 50%
Dividend Policy
Retain earnings, 5% post stabilization

LED REPLACEMENT

  • LED replacement in Shopping Malls
  • 42 Shopping Malls throughout the country
  • R$ 1,0 to R$ 3,2 MM – per project
  • Potential debt financing of R$ 80 MM
  • Financing period from 36 to 60 months
  • Expected IRR + 20% per year
  • Guaranteed by top player in the industry – BR Malls
  • LED sourced from Philips – performance warranty
  • Mont Blanc responsible for structuring the deal, raising the capital and managing the structure
  • Parntership with Saren Eficiência Energética that brings the deals, manages the installation and co-manages the structure
  • 3 Shopping Malls on the LED solution installation stage.