Herwann Mahaud - Corporate Finance / Merger and Acquisitions / Advisory / Investments

Corporate Finance division of Auren (7th largest Audit & professional services firm in Spain). Sourcing & Executing Sell-side & Buy-side mandates for national and international clients (private Equity firms, Corporates, etc..). Also experts in Debt restructuring, Financial & Strategic Advisory, valuations & financing.

EUROHOLD spin-off. International Corporate Finance Advisory firm (30 partners worldwide). Mergers & Acquisitions (Buy-side & Sell-side Mandates/Private Placements/Valuations/etc.), Private Equity Advisory (MBO / MBI / Build-up / LBO / Secondary Buy-out / Venture Capital & Fundraising),

Cross Border Corporate Finance advisory firm (for 30 years). Services to global/local companies, private equity funds and family offices (M&A transactions).

sept 18 - Jul 19: DOK CAPITAL: Partner M&A Boutique. Deal sourcing, Corporate Finance, Middle market transactions in the Iberian Market. Companies Sales mandates & Private Equity firms Buy mandates. mar 18 - may 19: CLAVE CAPITAL External consultant in Private Equity. Buy side Mandate. Approaching industrial targets for majority stakes investments. oct 17- Feb 19: APRENDEMAS External Advisor in Corporate Finance. Sell side Mandate. Digital Marketing lead generation marketplace focus on Education. Sold the company to Educaedu in Feb'19 (Educaedu was executing a build up. The major shareholder Greathill Partners, a US private Equity firm, has finally sold to MIURA PARTNERS in 2021. In charge of the research/Target list/ Business plan /Valuation/contact with investors/DD coordination/Price and SPA negotiations/ closing. jun. 2017 - oct. 2018 ALTAMAR CAPITAL PARTNERS External Consultant in Alternative Investments (Private Equity secondaries) Analyzing portfolios of assets & Exploring Private Equity Secondary opportunities in the Iberian market with LPs and GPs. abr. 2017 - sept. 2017 CIC Corporate Integration Consultants M&A Associate partner for the Iberian Market. Cross border dealmaking, corporate finance and strategic alliances focusing on International IT, Telecom and online markets. abr. 2017 - jul. 2017 French family office SMARTHOLDING (owner of VC OTIUM CAPITAL). . Independent Consultant in Private Equity. Coordinated & Executed the acquisition of 70% of DENTAL CO (EBITDA EUR1,7m, 70 clinics, Equity EUR14m), a mid-size company in the dental industry in Spain. Responsible of deal negotiations, coordination & execution. Hired the legal advisor (Baker & Mckenzie), Coordinated the deal structure, MoU, SPA, SHA negotiations + closing.

GRUPO DE NEGOCIOS DUERO (UNICAJA GROUP). Madrid, dec 2005 – feb 2017 - Shareholdings Portfolio Vehicle. Equity holdings portfolio of EUR1.3bn under management. 100% owned by the 8th largest Spanish financial institution Unicaja-BCEISS (EUR60bn assets). Mainly direct minority non listed shareholdings investments (some listed assets too) and investments in Private Equity Funds/other vehicles. Team under my responsibility: 2 persons. - Invest. / Divest. Executive Director & Alternative Asset Management Coordinator (EUR450m under responsibility, of which EUR120m commitments in 27 Private Equity funds). -A wide range of deals: 8 direct Investments (EUR148,5mn), 9 direct divestments (EUR349mn), 2 debt restructurings (EUR120mn), 3 winding ups, 2 Turnarounds, 1 creditors’s arrangement, 4 ERPs (Employment Regulation Plans), 2 IPO attempts, 3 Portfolio divestment deals (EUR134mn): 1 secondary portfolio divestment of 22 tickets with Greenhill/Cogent /2 portfolios of direct minority shareholdings of 19 tickets with PWC / 6 tickets with Unicaja.

Team voted 1st place by investors as the best corporate Investors Relations dept of the EU incumbents (Extel survey 2004). - Analysis, preparation & publication of quarterly results. - Producing the benchmark report (European operators peer group operating data) & other reports (valuation consensus, Equity story, etc). - Daily client relationships and roadshows to institutional investors (e.g. Axa, Dexia, Amundi, Pictet, Templeton, Putnam, Capital, Lazard, etc.).

Team voted 4th place in Country Iberia Sell-side research (Fidelity & Institutional Investors 2002). - Coverage of Iberian TMT sectors (12 companies). Producing small and mid-caps stocks reports. - On-going contact with investors: daily marketing calls, regular roadshows, one-on-one & group presentations (e.g. Kairos, Invesco, TRowePrice, HSBC, Fidelity, Gartmore, Egerton, etc). - Coordinating the Iberian Small Caps half-year report.

- Published reports on small and mid-caps stocks. In charge of the Iberian Media, Food, Textile and Retail sectors. Client Tier 2 relationships with French institutions (e.g. AXA, SGAM, CAM, etc.). - Successfully participated (as research analyst), together with the Corporate Finance Dept, in all Spanish Media IPOs (Sogecable, Recoletos, TPI, Prisa). SGCIB (2000-2001). Research associate analyst in both the Pan-European Media and Luxury goods teams (Paris 1998-1999). - Financial controller (French National Military Service) (Madrid 1996-1997). Follow-up of brokerage, futures & options, stock trading and global custody operations.