Valuations and Fairness Opinions

Client: CM Capital Markets
Country: Brazil
Entity valued: Edigráfica’s operations
Sector: Financials
Completion: November 2019

Client: Guardian Group
Country: Trinidad and Tobago
Sector: Insurance
Completion: January 2019

Client: Edigráfica
Country: Brazil
Entity valued: Edigráfica’s operations
Sector: Printing
Completion: March 2018

Client: Pattac Empreendimentos e Participacoes S.A.
Country: Brazil
Sector: Conglomerate
Completion: September 2017

Client: SoEnergy International
Country: United States
Entity valued: Advisory for participation in ANEEL (National Electric Energy Agency) Auction
Sector: Industrials
Completion: May 2017

Client: Guardian Holdings Limited
Country: Trinidad and Tobago
Sector: Insurance
Completion: October 2015

Client: BHL – Citrus Products of Belize FV
Country: Belize
Sector: Beverages
Completion: September 2015

Client: Fundação Atlântico
Country: Brazil
Entity valued: Valuation of its portfolio company Magnesita
Sector: Mining
Completion: November 2015

Client: Banco Panamá
Country: Panamá
Sector: Financial Institutions
Completion: July 2015

Client: Ático Florestal FIP
Country: Brazil
Entity Valued: Private Equity Fund Ático Florestal
Sector: Agribusiness
Completion: July 2015

Client: MASSY
Country: Trinidad & Tobago
Entity valued: Subsidiaries
Sector: Conglomerate
Completion: August 2014

Client: Atlas Industria de Eletrodomésticos
Country: Brazil
Entity valued: Atlas Industria de Eletrodomésticos
Sector: Industrials
Completion: July 2014

Client: Grupo Cementos de Chihuahua
Country: Mexico
Entity valued: Sociedad Boliviana de Cemento S.A.
Sector: Cement
Completion: July 2014

Client: Trinidad Cement Limited
Country: Trinidad & Tobago
Entity valued: Trinidad Cement Limited
Sector: Cement
Completion: April 2014

Client: Guardian Group
Country: Trinidad & Tobago
Entity valued: Pointe Simon
Sector: Real Estate
Completion: March 2014

Client: Guardian Group
Country: Trinidad & Tobago
Entity valued: Guardian Group
Sector: Insurance
Completion: March 2014

Client: Benoit, Wallerius, FASA
Country: Brazil
Entity: valued Undisclosed
Sector: Insurance
Completion: February 2014

Client: Ático Florestal FIP
Country: Brazil
Entity valued: Private equity fund holdings
Sector: Agribusiness
Completion: February 2014

Client: Steering Committee of Rede Bondholders
Country: Brazil
Entity valued: Grupo Rede Energia
Sector: Energy
Completion: June 2013

Client: Sociedad Boliviana de Cemento S.A.
Country: Mexico
Entity valued: Sociedad Boliviana de Cemento S.A.
Sector: Cement
Completion: April 2013

Client: Transmissora Aliança de Energia Elétrica S.A
Entity valued: Transmissora Aliança de Energia Elétrica S.A
Sector: Energy
Completion: April 2013

Client: Transmissora Aliança de Energia Elétrica S.A
Country: Brazil
Entity valued: Transmissora Aliança de Energia Elétrica S.A
Sector: Energy
Completion: March 2012

Client: OceanPact
Country: Brazil
Entity valued: Advisory for OSRVs (Oil Spill Recovery Vessels) Auction for Petrobras
Sector: Environment
Completion: March 2012

Client: EEA Fund Management
Country: Brazil
Entity valued: Bionasa
Sector: Bioenergy
Completion: June 2011

Client: OceanPact
Country: Brazil
Entity valued: OceanPact
Sector: Environment
Completion: May 2011

Client: Atlantic Energias Renováveis S.A.
Country: Brazil
Entity valued: 2010 Energy Reserve Auction – Projects Eurus II and Renascença V
Sector: Energy
Completion: August 2010

Client: CL Financial
Country: Trinidad & Tobago
Entity valued: Lascelles de Mercado (Jamaica)
Sector: Conglomerate
Completion: February 2010

Client: Benoit
Country: Brazil
Entity valued: Benoit
Sector: Retail
Completion: January 2010

Client: BSPar
Country: Brazil
Entity valued: New Developments
Sector: Real Estate
Completion: October 2009

Client: Diagonal
Country: Brazil
Entity valued: Diagonal
Sector: Real Estate
Completion: May 2009

Client: IESA Óleo & Gás S/A
Country: Brazil
Entity valued: IESA Óleo & Gás S/A
Sector: Oil & Gas
Completion: January 2009

Client: Medial Saúde
Country: Brazil
Entity valued: Grupo Saúde
Sector: Health
Completion: July 2008

Client: Neal & Massy Holdings Ltd. and Barbados Shipping & Trading Co.
Country: Trinidad & Tobago and Barbados
Entity valued: Neal & Massy Holdings Ltd. and Barbados Shipping & Trading Co.
Sector: Conglomerate
Completion: July 2007

Client: Datasul
Country: Brazil
Entity valued: ilog
Sector: Technology
Completion: April 2007

Client: Dancor
Country: Brazil
Entity valued: Dancor
Sector: Industrial Equipment
Completion: December 2006

Client: Grupo Fator
Country: Brazil
Entity valued: Grupo Fator
Sector: Real Estate
Completion: August 2006

Client: RiskControl
Country: Brazil
Entity valued: RiskControl
Sector: Technology
Completion: July 2006

Client: Expert Witness Testimony
Country: Government of Belize
Entity valued: Belize Telecommunications Limiteds
Sector: Telecommunications
Completion: June 2006

Client: Neal & Massy Holdings
Country: Trinidad & Tobago
Entity valued: Bahamas Supermarkets Limited
Sector: Retail - Supermarkets
Completion: March 2006

Client: Nortel
Country: Regional
Entity valued: Regional telecom provider
Sector: Telecommunications
Completion: March 2004

Client: Hispanic Publishing Group
Country: USA
Entity valued: Hispanic Publishing Group
Sector: Magazine Publishing
Completion: December 2003

Client: Ovaciones Deportes
Country: Mexico
Entity valued: Ovaciones Deportes
Sector: Newspaper Publishing
Completion: October 2003

Client: Editora Tres
Country: Brazil
Entity valued: Editora Tres
Sector: Magazine Publishing
Completion: September 2003

Client: TV Cidade
Country: Brazil
Entity valued: TV Cidade S.A.
Sector: Cable TV
Completion: April 2003

Client: Caribbean Communications Network Ltd.
Country: Caribbean
Entity valued: Caribbean Communications Network Ltd.
Sector: Broadcast TV, Radio, Publishing
Completion: February 2003

Client: HNB Acquisition Corp.
Country: USA
Entity valued: Hemisphere National Bank
Sector: Financial Institutions
Completion: December 2002

Client: IFX Networks Bolivia Ltda.
Country: Bolivia
Entity valued: IFX Networks Bolivia Ltda.
Sector: Telecommunications
Completion: September 2002