Progas, Montenegro

Industrial gas manufacturer


Period July 2002 - December 2005

• Greenfield project established through cooperation with EBRD Direct Investment Facility (DIF)

• EBRD, as an equity partner and minority shareholder (the only DIF project in the country worth EUR 2.2 mil.)

Shipyard Dunav, Serbia
IFC sponsored project


Period July - November 2002

• Local consultant in the preparation of business plan and technical audit for Shipyard Dunav

• Strategic partner and IFC invested USD 23 million in reconstruction of the shipyard

Metalex, LPG manufacturer
IFC financed project


Period June - September 2002

• Local consultant in the preparation of business and technical audit for Metalex, LPG cylinders

• Financial due diligence and equity partnership preparation process for the investment worth USD 15 million

Rasab corporation
DIF project


Period December 2001

• Revision of financial statements and complete financial and marketing due diligence within the process of definition of marketing strategy as well as equipment upgrading

Prva Iskra, Baric
A chemical manufacturer


Period November 2001

• Analysis of the market potential for the final products, export possibilities

• Consolidation of the companies in the group and restructuring of the whole enterprise in order to be privatized

Metal Secco
Metal castings manufacturer


Period September 2001

• Privatization project management

• Strategic partnership framework including risk assessment


Landfill development program
Municipality of Gornji Milanovac


Period March 2001

• Preparation of the feasibility study during the process of training of local community officers to use the budget in economic way and to provide environmental protection from level zero to the one accepted by the Balkan Stability Pact

PIK Takovo, Gornji Milanovac
A juice manufacturer


Period January - March 2001

• Basic analysis completed for the privatization of an agribusiness cooperative Takovo

• Comparative analysis of the companies belonging to the system, along with estimation of future financial results if different restructuring proposals applied