The premise of launching Eastway Capital is that investment banking
clients can see the difference between the established brand and the
established team. The brand attracts more clients – the team does the job
for them. Our key officer rely on
expertise, which is proven
with successful performance
in the firm where the team was born.
Although Eastway Capital was launched in April 2003, its team had proven
its capabilities long before that. In April 2001, Alexander Volchkov
started building from scratch the fund management company for international private
equity fund UVC Ltd. By year 2003 with Alexander Volchkov as
CEO, UVC Eastern Europe had turned out to be successful and highly profitable
VC/M&A firm with gross IRR in its private equity operations well
over 50% and millions in investment banking fees.
By April 2003 the new firm had been shaped. The best associates of UVC
Eastern Europe followed Alexander Volchkov and joined Eastway
Capital. The entrepreneurial corporate culture created by the team
in UVC Eastern Europe is now thriving in Eastway Capital, and deal making capacity has been
restored to its normal level.
Our successful deals in private equity and accomplished investment
banking assignments are results achieved through genuine teamwork, which
means that our officers join efforts, their best knowledge and
ideas. Therefore, our combined qualification is stronger than a
simple combination of skills and know-hows of separate individuals.
For instance, exploring the demand for certain corporate assets, we
rely on knowledge of strategic decision making learnt through experience working for actual
corporate players as well as practical
theories of leading academicians we studied in business schools. Building
a financial model, we can handle complex accounting issues of
restatement to IAS/US GAAP employing our working knowledge including ACCA
qualification of Nikolay Sergeev. Our valuation
techniques are first class - we were able to compare them with that of
leading investment banks. Negotiating deal structure, we are
empowered with our legal expertise acquired in most complicated equity
transactions including private equity investments, merges, and IPO.
We have been constantly developing our understanding of certain focused
industries in Eastern Europe and primarily Russia: Telecoms, Media, IT,
Wood&Paper, Specialty Retail, Machinery, Foods, Oilfield Services. This
helps us to grasp the logic of other industries faster. Our
international network is our tremendous source
of industry intelligence in Eastern Europe and in remote markets.
In UVC Eastern Europe the team developed operations in two areas -
private equity and M&A advice, which can be
best illustrated by a highly successful transaction for each area.
M&A Team (working for UVC EE):
Accumulation and Sale of Majority Stake in Machinery Producer
Russian machinery manufacturer
- Frequent customers: YUKOS, Surgutneftegas, Tatneft
- 2001 Revenue – over $70mn
blocking stake shareholders
accumulated majority stake
- brought six bidders including multinational major to negotiations
- signed solid share purchase agreement
- closed the deal in December 2002
Private Equity Team
(working for UVC EE):
Private Equity Investment in Newspaper Direct, Inc.
The global leader in digital delivery and
print-on-demand of major newspapers
- Over 150 titles available in about 60 countries
- Circulation growth 4Q02 over 4Q01 200% p.a.
- Revenue growth 4Q02 over 4Q01 more than 5 times
- Implied IRR revealed in next private placement and takeover bids
over 50% p.a.
Team's Special Achievements:
Won the deal beating three international
- Achieved downside protection including put option with IRR 50% p.a.
UVC Eastern Europe, Sistema Telecom, AIG-Brunswick Millennium Fund,