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 EM Capital, Inc.

U.S. & EMERGING MARKETS FINANCIAL ADVISORS

CROSS BORDER SPECIALISTS

GLOBAL RESTRUCTURING & TURNAROUND MANAGERS

 

 

Offices and Representatives in San Francisco, Detroit, New York, Washington, D.C., Mexico City, New Delhi, La Paz, Athens, & Shanghai

U.S. Tel: +925-376-8700 +800-933-1850   Fax: +925-955-1652  Mexico City Tel: +52-55-5351-5288  London Tel: +44-20-7078-4081  E-mail: info@emcapital.com 

 

Contact Us

Industries & Regions

Turnaround Management

EM Asset Management

EM Realty Advisors

Key Principals

Distressed Assets

 Mergers & Acquisitions

Emerging Markets

 

 

Seth R. Freeman, CEO

2006 First Quarter

 Conference Speaking Schedule

 

Click here

 

 

 

Crisis and Interim Management

 of Investment Funds

 

 

Is Your Fund Experiencing:

 

  • Adverse Publicity
  • SEC Compliance Problems
  • Reporting Deficiencies
  • Limited Partner Redemptions
  • Management walk-outs
  • Suspected or Actual Fraud

 

EM Capital Management, LLC and its fund management experts are prepared to mobilize in 24-hours and serve as interim managers of funds in crisis.   Acting quickly and providing stakeholders with credible, professional interim management is the best way to preserve assets and maximize value.

 

Contact Robert Bell, CFA for a confidential consultation at

rbell@emcapital.com

 

 

 

 

 

EM Capital CEO, Seth R. Freeman

 Spoke on Assessing

 Risk in Emerging Markets

 

click here for the presentation in Acrobat

 

Strategic Research Institute Conferences

 

Monday, November 14, 2005

Marriott Marquis Hotel

New York City

 

INVESTING IN EMERGING MARKETS:

 DEBT & EQUITY OPPORTUNITIES

Assessing the Risk/Reward Ratio

of Emerging Market Investments

- Importance of Analyzing Politics and Culture
- Advantages of a Value-Based Approach for High Returns
- Minimalist Approach in Decision Making
- Following the Guidance of Local Investors
- Return vs. Liquidity and Limited Exits?

Speaker(s)

Seth R. Freeman
Chief Executive Officer
EM Capital Inc.

 

Noel Duguet
President
Aravis Capital Advisers

Jonathan E. Colby
Managing Director

The Carlyle Group
THE CARLYLE GROUP

click here for conference information

 

 

 

 


 

As Reported in the U.S. and International Press:

 

 EM CAPITAL ENGAGED AS EXCLUSIVE FINANCIAL ADVISORS TO U.S. INVESTORS IN BANKRUPT ARGENTINE AIRLINE

 AMERICAN FALCON S.A. 

 

L’Emir Fayez Chehab, CEO of American Falcon, Willis Chrans, a U.S. Director of American Falcon, Steven K. Bentley a CPA and member of the AICPA, Better Business Systems of Montana, Dr. Randolph Martin a cardiologist in Springfield, IIlinois, Don Mallette and Bank of Springfield and others have been named in a Federal District Lawsuit managed by EM Capital.  Allegations against the defendants include Securities Fraud, and other counts.   Allegations also include Fayez Chehab obtained a $1,000,000 personal loan from a unit of Aerolineas Argentinas by providing a senior lien on an airplane that was intended to be collateral for a multi-million dollar loan from the Bank of Springfield.  The defendants deny the allegations.


American Falcon filed for reorganization in Argentina in May, 2005.  The airline has stopped operations and the U.S. investors face the loss of approximately $10 million.

 

EM Capital is seeking to maximize the recovery for the U.S. investors in this complex cross-border situation.

 

EM INTERIM MANAGER, LLC

NAMED MANAGER

 

of two U.S.  LLC’s that leased two Boeing 737-200’s to American Falcon.  EM Interim Manager, LLC seeks to lease or sell both jets.

 

Please contact Steve Cargo for additional information:  scargo@emcapital.com

 

 

MEXICAN HOSPITALITY

FINANCE

 

EM Capital, Inc. in Partnership with Asefintur, S.A. (Mexico)  is now arranging long term, fixed rate non-recourse construction & permanent financing for Mexican hotel acquisition, renovation and expansion projects.

 

Get Your Free Copy of the

 EM Capital Dictionary  of

Real Estate & Business Terms

 

 This is the fourth year in a row that EM Capital has distributed its famous 207 page pocket -size English dictionary of real estate and business terms at the Urban Land Institute’s Latin America Real Estate Finance and Development conference.  Clients are always telling us how useful this publication has been to their understanding of legal, business contract and lease terms of physical land and property description. 

 

For a limited time only, visitors to our site are invited to request a free copy of this publication valued at $15.00 by sending an email to: dictionary@emcapital.com.  The dictionary will be sent by regular mail.  If you wish to receive your copy by air-courier, please provide your carrier name and account number.   Multiple copies may be purchased, subject to availability.

 

Current EM Capital Debt & Equity Engagements (all $US):

 

 

§          $5 to $100 million Equity or Mezzanine commitments needed for a new Hawaii-Only R.E. Fund co-sponsored by Liberty Capital Finance, an affiliate of EM Capital, Inc., and Pacific Bay Investments to invest in 8 to 12 cap-rate development and value-added Hawaii real estate  investments.  Target returns of 20% per annum depending on the project.

§          $13 to $40 million Debt for Wind-Power Projects in Greece

§          $30 million Passenger/Cargo Ship Refinancing in Greece

§          $5 million Equity/Debt for Corporate Restructuring in Greece

§          $5 to $40 million to Expand Call Center/BPO Centers in India

§          $3 million Equity for a Large Scale Housing Project in Central America w/ U.S. OPIC Sponsorship

§          $100 million Debt/Equity for a  Major R.E. Development in Tech Region of India

§          $3 to $30 million Debt/Equity for various “flagged” Mexican Resort Hotel Projects

 

Please contact Seth R. Freeman, CEO  or Steve Cargo, Managing Director for additional information at: Contact Seth R. Freeman, CIRA, CEO

 

 

EM Capital, Inc.

51 Moraga Way, Suite 204, Orinda, CA  94563

 

Tel: +925-376-8700

Fax: +925-955-1652

U.S.Toll Free: +800-933-1850

srfreeman@emcapital.com

 

 

INTERNATIONAL STRATEGIC FINANCIAL ADVISORS

 & CORPORATE RECOVERY SERVICES

 

Serving Institutions, High Net Worth Investors, Funds, Banks, Creditors, Creditor Committees,

 VC's, Boards, Senior Management, Landlords, and Legal & Accounting Professionals

 

PUTTING OUR CLIENTS’ INTERESTS FIRST

 

 

·         U.S., Mexico, India, China, Africa

·         Asia, Russia & Emerging Europe

·         Fund Management and Sub-Advisory

·         Financial Restructuring

·         Crisis Management (24-hour response time)

·         Interim CEO's and CFO's

·         Turnaround Managers – Cross Border Experts

·         Operational Improvement

·         On-Going Business Viability Analysis

·         Investment Due Diligence

·         Loan Workouts

·         Real Estate & Construction Workouts and Completion

·         Lease Terminations

·         Balance Sheet Restructure - Creditor Negotiations

·         Cross-border Asset-Based Loans

 

·         Insolvency/Bankruptcy Advisory Services

·         Professional Wind-downs and Dispositions

·         Direct Investment in Troubled Companies

·         Assignees under a General Assignment for the Benefit of Creditors

·         Receivers & Trustees

·         Disposition Services

·         Arranging Factoring and Asset Based Commercial Finance

·         Sourcing & Arranging New Debt & Equity

·         Distressed Portfolio Asset Management

·         Mergers & Acquisitions

·         Import/Export Finance & Transaction Management

·         NNN Credit Tenant Sale Lease-Backs

 (U.S. & International) 

All inquiries are held strictly confidential.   Contact: managingdirector@emcapital.com

Due Diligence and Project teams can be mobilized and on-site in 24-hours, if required.

Teams are customized using highly qualified senior professionals with relevant industry specialization.

Reasonable rates based on specific project requirements and scope of services.

Willing to negotiate creative fee structures that align our interests with our Clients'.

Please Also Visit   Workouts & Turnarounds

CURRENT EM CAPITAL, INC.  - NEWS AND EVENTS

EM Capital is Pleased to Announce the Appointment of

George Giagtzis, Managing Director

and its new office in Washington, D.C.

 

Mr. George Giagtzis has joined EM Capital, Inc. as Managing Director responsible for business development and client service in the greater Washington, D.C. area.  Mr. Giagtzis has many years experience as an executive, international turnaround manager and financial advisor with emphasis in international business.  He is an expert in cross-cultural, cross-border business negotiation and restructuring.  Mr. Giagtzis will also assist clients in corporate and project finance involving U.S. government agency and multi-lateral organizations located in the Washington area such as the Inter-American Development Bank (IDB), Overseas Private Investment Corporation (OPIC), Export-Import Bank (EXIM), International Finance Corporation (IFC) and others.

 

He recently completed an engagement as interim CFO of the second largest long distance and broadband carrier in Bolivia.  He was most recently Managing Director and founder of AxeaGroup & Company, LLC, an international turnaround consulting firm; and prior to that an executive with Sprint International involved in global trouble-shooting.  Mr. Giagtzis holds an MBA in International Management from Thunderbird. He may be contacted at ggiagtzis@emcapital.com.

 

 

 

Robert K. Bell, CFA, Dhruba Gupta, CA and Seth R. Freeman, CIRA

 

Announce the formation of

 

EM Capital Management, LLC

Specializing in Emerging Markets with Emphasis on India

 

EM Capital Management, LLC is registered with the

US SEC as a Registered Investment Advisor.

 

Please visit www.emcapitalmanagement.com

 

 

Seth R. Freeman, CEO of EM Capital Management, LLC

Advisor of EM Capital India Discovery Fund

 Presented on Investing in India

 

Wharton India Economic Forum presents
the Tenth Annual WIEF Conference

 

Friday, November 18th, 2005
Park Hyatt Philadelphia
 

Moderator:

Prof. Steve Sammut, Professor, The Wharton School

Panelists:

Mr. Seth R. Freeman, CEO, EM Capital Management LLC, EM Capital India Discovery Fund,

Mr. Rahul Bhasin, Managing Partner, Barings India Private Equity

Mr. Charles (Chip) Kaye, Co-President, Warburg Pincus

Mr. Michael Schneider, Executive Vice President, Parsons Brinckerhoff & Founder, PB Consult

Mr. Purna Saggurti, Head of Multi Industries Investment Banking for Merrill Lynch

 

INVESTING IN INDIA
A Road Map to the Heart of a Dynamic Emerging Market
April 18th, 2005
The Princeton Club, NYC

 

New York – Seth R. Freeman, CIRA, CEO of EM Capital, Inc. served as Conference Chairman of the Financial Research Associates’ Investing in India Conference: A Road Map to the Heart of a Dynamic Emerging Market  from April 18th  to April 19th, 2005 at the Princeton Club.  Freeman moderated the panel on Opportunities in Institutional Financial Investments.  Topics included:

 

India Uncovered: Economic and Trade Overview

  • Dynamic FDI Investments Revealed
    • Energy
    • Infrastructure
    • Software Development
    • Manufacturing & Agribusiness
    • Telecommunications
  • Outsourcing: India’s Current Engine of Growth
  • Capitalizing on Pharmaceutical Growth
  • Opportunities in Institutional Financial Investments
  • Taxes and Law: The Nuts and Bolts of Indian-Style Business
  • Crisis Management: Assessing Vulnerabilities and Planning for Consequences
  • Understanding Available Paths to Real Estate Investments
  • Investment Perspectives from The World Bank
  • Profiting from a Vast Consumer Sector

For more information, please see: http://www.frallc.com/emerging.asp

 

 

Mumbai, India – Seth R. Freeman, CIRA, CEO of EM Capital, Inc. led the Funds World India 2004 , Post-Conference Workshop on Wednesday, December 1, 2004 at the Renaissance Mumbai Hotel and Convention Centre.   The title of the workshop was: “Successful Market Entry Strategies: Tips for Local and International Managers and Investors Looking at Successfully Launching Funds into India”. 

 

The all-day workshop was part of the Funds World India 2004 conference that commences on Monday, November 29, 2004.  The conference is organized by Terrapin and sponsored by HSBC, Citigroup and Standard Chartered banks.  The plenary speaker is Mr. Shri G.N. Bajpal, Chairman of the Securities and Exchange Board of India (SEBI).  To learn more about the workshop visit: Funds World India 2004 Workshop

 

Mr. Dhruba Ghupta, CA, CEO of EM Capital Advisors India, Ltd. spoke on Monday, November 29th, 2004 on “Examining the Recent Changes in the Indian Investment Environment and Exploring the Key Opportunities for Foreign Investors in the Domestic Buy and Sell Side”.  Mr. Gupta shared his expertise and market insights gained from his long international finance and policy implementation career.

 

For additional information on Funds World India 2004, please visit: Funds World India 2004

 


 

 Mr. Dhruba Gupta, CA,

CEO and Managing Director

EM Capital Management India

EM Capital Advisors India

 

EM Capital Advisors India will serve as the local platform for EM Capital India Discovery Fund.  In addition, EM Capital Advisors India shall assist U.S. firms entering the Indian market and in particular clients that require value-added due diligence and local market expertise and/or have encountered business issues that can be resolved using EM’s strong turnaround management and restructuring background.  The firm will focus on U.S. clients seeking outsourcing and subcontracting strategies in India in the technology, call-center and automotive sectors.   

 

 

EM CAPITAL, INC, ENGAGED AS EXCLUSIVE FINANCIAL ADVISORS TO U.S. INVESTORS IN RECOVERY ACTIONS AGAINST FAYEZ CHEHAB, WILLIS CHRANS, BANK OF SPRINGFIELD AND PROMOTERS OF BANKRUPT ARGENTINE AIRLINE AMERICAN FALCON S.A.

The over 100 page Federal District Court complaint reads like a plot for a made-for-television movie.  The Defendants deny the allegations.

 

 

 

EM Capital Managing Director Steve Cargo (Detroit office) and Seth R. Freeman, CEO (San Francisco office), were dispatched to Buenos Aires initially to perform due diligence for concerned investors who were being asked to inject additional cash into the money-losing airline after it filed a Suspension de Pagos, a precursor to an Argentine reorganization filing.  Mr. Jim Kelley, a senior vice president and loan officer from Bank of Springfield, a small Springfield, Illinois bank that had made loans (personally guaranteed by EM Capital’s clients) to several LLCs that purchased and leased planes to American Falcon, arrived soon after Cargo and Freeman. 

In Buenos Aires, Kelley explained how the Bank of Springfield had failed to secure its liens on the planes despite having made the loans more than twelve months before.  This was the first time in years of business experience that Freeman learned of a bank relying upon its borrower to perfect liens on its security, particularly involving inherently higher-risk emerging markets transactions.  Freeman and Cargo confirmed that Fayez Chehab, CEO of American Falcon had as a result, been able to use the planes as senior security to obtain a personal loan from a unit of Aerolineas Argentinas, enabled by a General Power of Attorney granted by Willis Chrans, the Manager of the LLCs and concurrently a director of American Falcon.  Kelley confirmed that the bank had been aware of this for months but had apparently not taken any enforcement action to obtain its senior secured lien; and confirmed that the planes were worth far less than the outstanding loan balances.  American Falcon, it was confirmed, was also more than $2 million behind in its lease and maintenance payments to the LLCs. 

Cargo and Freeman further confirmed that Chehab and the board of the airline had cancelled the client’s shares in the company.  In a meeting with the company’s insurance broker, they learned that American Falcon’s policies were being cancelled for non-payment the following week forcing the airline to stop flying.  Within 36 hours of arriving in Buenos Aires, Fayez Chehab refused to answer any further questions and Cargo and Freeman were denied further access to the American Falcon offices and staff.

 A subsequent forensic investigation performed by EM Capital, involving 100’s of pages of documents and records indicated a pattern of apparent securities fraud and other causes of action.  EM Capital engaged the services of Greg Ostfeld, Esq. and Tom Dutton, Esq. attorneys with the Chicago office of Greenberg Traurig and Jim Leshaw and Paul Keenan of its Miami office.

Las Vegas – Seth Freeman, CIRA, CEO of EM Capital, Inc. spoke at the 4th Annual Asset Based Lending Americas conference on February 10th, 2005 at the Venetian Hotel.  The conference was organized by the Strategic Research Institute. 

PANEL TOPIC:  International ABL Structures: Cross Border, International Collateral, Multinational Transactions

 

  • Top Ten Lender Mistakes in Doing Cross Border Deals
  • Taking Collateral in Multiple Jurisdictions or How Good are you at Playing Chess in Three Dimensions?
  • Enforcement of Security: An Oxymoron, or for Real:
  • Crossing Borders is not like Crossing State Lines: Traps for the Unwary
  • Canada: Not the 51st State; How the Rules are Different North of the Border
  • One Deal, Multiple Jurisdictions: The Challenges and Pitfalls of Successfully Completing Multi-Jurisdictional ABL Deals

Moderator:
Stephen B. Lewis
Senior Vice President
GE GLOBAL SPONSOR FINANCE

Panelists:
Seth R. Freeman, CIRA,
Chief Executive Officer
EM CAPITAL, INC/ FREEMAN PARTNERS

Wayne R. Ehgoetz
President
CONGRESS FINANCIAL CORPORATION OF CANADA

Richard M. Kohn
Founder and Senior Partner
Goldberg Kohn

Keith Karako

Managing Director
CITIGROUP

 

 

Glendale, AZ- Seth R. Freeman, CIRA, CEO spoke at the Thunderbird Private Equity Conference  held on September 22, 2004.

Mr. Freeman was a panelist on Latin America private equity and restructuring of troubled deals moderated by Dr. Roy Nelson.  He was joined by Mark Frishman of Conduit Partners and Ed Ranger of the State of Arizona.   Over 200 attended the first annual conference that was organized by the student Private Equity Group and a team of private equity professionals and professors.  Concurrent with the conference, the Wall Street Journal ranked Thunderbird as the #1 International MBA program in the United States.  Center in the photo below is John Cook, Managing Director of W.J. Hopper Investment Bankers in Zurich who spearheaded the outstanding conference.  To his direct right are Dr. Angel Cabrera, President of Thunderbird and Seth R. Freeman.

 

Singapore - Seth R. Freeman, CIRA, CEO to speak at SECURITIZATION WORLD ASIA 2004, October 19 - 20, 2004 at the Grand Copthrone Waterfront, Singapore.  Mr. Freeman will moderate a panel on "The View From the Buy Side: Managing Risk and Maximizing Returns".  The 3rd Annual Forum is Asia’s biggest senior level conference for the most esteemed investors, issuers and securitization practitioners.

Panelists include

 - Choi, Chang-Ho, Chief Operating Officer, Korea Housing Finance Corporation; ex-Assistant Governor, Bank of Korea

- Lye Thiam Wooi, Co-head, Fixed Income, Straits Lion Asset Management, Singapore

- Philip Li, Senior Vice President, The Hong Kong Mortgage Corporation, Hong Kong

- Keith Max Shachat, Executive Vice President, Chief Consumer Risk Officer, Korea First Bank, Korea

- Morris Huang, Senior Vice President, Head of Wealth Management Business Division, Taishin Financial  Holdings, Taiwan

- Prashant Purker, Joint General Manager, ICICI Bank, India

- Maurizio Cappa, Head of Commercial Finance, Telecom Italia, Italy

- Wang Xiaobo, General Manager, Investment Banking Department, China Huarong Asset Management Co, China