photo de profil d'un membre

Rudolph WAELS

RW_Wharton+Dauphine+Private Equity+Emerging Markets

Résumé

I am passionate about Emerging Markets, Investing, and Building High-Growth Businesses, which brings me to my current role at Excess Investment. In short, we invest globally (North America, Europe, Africa, Middle East, Asia, etc.) either in income generating deals or in firms looking to expand to the Middle East and other markets. We can provide a management fee and carried interest to our partners on a deal by deal basis.

If I can HELP YOU in any of the following areas, please reach out to me via LinkedIn or at rudolph@excessinvestments.com

- Investing globally (on a deal by deal basis) in income generating deals
- Investing globally (on a deal by deal basis) in an international business looking to expand in the Middle and other Emerging Markets
- Building a joint venture between long-term investors (ex: family offices) to development a platform focused on a specific sector
- Building a joint venture with a financial services firm to provide income generating deals to Middle Eastern investors.
- Expanding an international business in the Middle East and other Emerging Markets
- Raising capital from Middle Eastern Investors

I have attached below an introduction to Excess Investment with more information (deal size, sectors, etc.)






Expériences professionnelles

Ceo

Excess Investment

De Mai 2016 à Aujourd'hui

Excess Investment is a new family office based in Dubai. We invest on a deal by deal basis, either individually or with other investors from various markets. We invest $ 1 to 50 m per transaction in equity (minority or control) or mezzanine finance.
 
1. Local Deals in North America, Europe, Emerging Markets with a Local Partner

We invest globally in businesses that will stay in their domestic market, and do not plan to expand to the middle east. In that case, we look for a deal with a local partner (Private Equity or Venture Capital Fund, a Fundless sponsors, a Family Office, or an Entrepreneur) and offer a management fee and a carried interest on a deal by deal basis. In this case, we tend to prefer income generating deals.

2. International Expansion of Companies to the Middle East and other Emerging Markets

We invest globally in businesses that are looking to expand in the Middle East and other Emerging Markets. We will invest with a long term horizon, and a strong business development focus. We help our portfolio company to grow in the Middle East and other Emerging Markets. For this, we target firms operating in the Education, Healthcare, Information Technology, Business Services, Consumer/Retail, and Financial sectors. We can invest in parent company and/or local joint venture. We like firms with a history of growth and profitability, but could also consider early stage companies.

3. High Growth Firms Already in the Middle East

We invest regionally in businesses that are already in the Middle East. In this case, we typically target smaller deals or a greenfield projects because valuations tend to become expensive very quickly as deal size increase.

Head of direct investments and financing

Islamic Corporation for the Development of the Private Sector (ICD)/Islamic Development Bank (IDB) , Djeddah

De Août 2014 à Février 2016

ICD (Islamic Corporation for the Development of the Private Sector) is the private sector-focused subsidiary of the Islamic Development Bank, a multilateral development bank.

CEO Advisor (October 2015 - February)
• Reviewed proposal for a $300M ICD private equity fund focused on the African Islamic Banking Industry. Assessed portfolio of African Islamic banks to be transferred to this fund and recommended addressing governance and Sharia issues before launching the fund.
Director of Investments & Financing (August 2014 - October 2015)
• Revised investment strategy to focus on companies with a strong job creation impact in the Middle East, Africa, Turkey, Central Asia, South and South East Asia.
• Led department of 20 to achieve its best performance in 15 years, both in amounts and quality of financing approvals.
• Restructured department to support decentralization of the bank, develop new financial products and strengthen portfolio monitoring.
• Developed sourcing capability in the department including by building partnerships with private equity funds and strengthening relationships with other multilateral development banks.
• Restructured a $110 m equity investment in a real estate project in Mauritania (addressed governance issues, changed general manager, revised business plan
• Recruited and managed a new team to develop an infrastructure financing unit
• Appointed on key committees for the bank (Investment, Management)

Ceo

ARMALIA PARTNERS

De Septembre 2010 à Aujourd'hui

Armalia Partners builds solutions to provide financing, expertise, and the necessary reassurances to companies developing their business in high growth markets.

We would typically follow one of three approaches:

• Assist a high growth company from Europe, North America or Asia in its international expansion in the Middle East and Africa (and vice versa).

• Build an International Investment Vehicle to develop several European, American or Asian companies in the Middle East and Africa (and vice versa)

• Build a Local Investment Vehicle in the Middle East, Africa, or Asia to finance and develop local high growth companies.

Armalia usually structures the initiative, raise the capital, and co-manage each project.

We are currently looking for local or international high growth companies with a strong development potential in the Middle East and Africa.

In addition, we also advise various SME initiatives to develop the private sector and create meaningful job opportunities for the youth in our targeted markets.

Director, investments

AABAR INVESTMENTS PJSC

De Septembre 2009 à Août 2010

Aabar is a Sovereign Wealth Fund, based in Abu Dhabi. Aabar has more than $10 billion under management across diverse industries including: automotive (biggest shareholder in Daimler), real estate, financial services, infrastructure, and aerospace.

Manufacturing
• Led several large scale projects between the Algerian Government, German multinationals, and a UAE Sovereign Wealth Fund to launch several Automotive factories in Algeria. Key partners included Aabar Investments, Daimler, Ferrostaal, Rheinmetall, Daimler, Deutz and MTU

Agriculture & Food
• Led the effort of Aabar to define and execute an investment strategy for the food security of the UAE.

Financial Services
• Led a Micro Finance and Bottom of the Pyramid investing initiative, with a particular interest in accelerating the development of Micro Finance in the Arab world.

Real Estate & Hospitality
• Led an investment in a hotel & convention center in Jordan

Private Equity
• Monitored a joint investment partnership in Europe.

Head of private equity

FIRST MERCHANT INTERNATIONAL (PRIVATE EQUITY FOR FIRST GULF BANK)

De Mai 2008 à Août 2009

I joined FGB to restructure its existing direct investment portfolio and to set up a $500m regional private equity business. In February 2009, FGB received a capital increase from the UAE government under specific conditions. One of them was to close several of its non commercial banking activities, including its private equity business.

Private Equity - Set Up a Private Equity Business focused on the MENA region
• Strategy & Budget: Prepared investment strategy, detailed budget, and PPM outline.
• Legal Structure: Initiated legal structuring of PE Fund.
• Incentive Scheme: Structured multi-office compensation plan for PE team.
• Recruiting: Managed recruiting process for three offices in Abu Dhabi, Istanbul, and Cairo.
• Investment Process: Structured investment process (sourcing, assessment, monitoring, etc.)

Private Equity – Assess, Monitor, and Restructure Existing Investments
• Real Estate Investment: a $270 m real estate investment portfolio in labor camps and warehouses. Reviewed five investments with a team of lawyers and real estate experts, identified various negotiation angles, and structured several exit strategy plans.
• Turnaround/Distressed Investment: a $5 m investment in a distressed construction business with 1200 employees. Prepared an investment review, changed auditors, recruited transaction manager, and suggested several solutions to restructure transaction.
• Venture Capital Portfolio: a $10 m portfolio of start up investments managed by FGB for a third party.

Private Equity - Source & Manage New Deals
• Regional Growth Equity Investment: Personally sourced, and executed a club deal transaction in Egypt, Saudi Arabia, and United Arab Emirates. This $25 m investment ticket was sourced and approved by my investment committee three months after my joining of First Gulf Bank.
• Launched corporate initiative to map attractive investment opportunities among FGB clients.

Investment director

SWICORP PRIVATE EQUITY

Swicorp is a financial advisory and private equity firm focused on the Middle East and North Africa region (MENA). I joined Swicorp Private Equity in what was a true start up environment. Today Swicorp Private Equity manages $1.3 billion across three funds.

Private Equity - Intaj Capital & Emerge Invest funds - $150 m fund (each)
• Deal sourcing in Tunisia, Algeria, and Morocco. I was based in Tunis, and travelled to Algeria and Morocco on a monthly basis.
• Business valuation, letter of intent negotiation, due diligence coordination, debt raising (LBO), deal structuring and closing.
• Industry experience: Sanitary paper, Paint, Specialty retail, Food, Retail, Insurance, Steel.
• Privatization of a leading paint manufacturer in Algeria.
• Regional build up transaction in Tunisia, Algeria, and Libya for a leading diaper manufacturer.
• Regional build up transaction in Tunisia, Morocco, and France for a car equipment manufacturer.
• Turnaround transaction for a Printed Circuit Board manufacturer based in Tunisia and Germany.

Private Equity - Mena Water Ventures - $67 m Corporate Venture fund with Danone
• Researched bottled water sector in the Mena Region.
• Assessed business plans and development strategies in collaboration with industry expert (top executive from Henkel/Danone)
• Prepared valuation model.
• Supervised commercial, financial, legal and operational due diligences.
• Negotiated debt restructuring agreement for a turnaround opportunity.
• Deal structuring and contract negotiation.
• Defined detailed action plan for first 100 days post closing.

Mergers & Acquisitions - Corporate Finance
• Distressed M&A: Prepared information memorandum for a distressed M&A mandate for a leading couscous and pasta brand in Tunisia
• Debt Raising: Prepared banking memorandum and negotiated a USD 20 millions financing in local currency field for a green project in the Algerian food industry for Savola, a Saudi Group.

Manager

ERNST & YOUNG (EX ANDERSEN)

With Arthur Andersen/Ernst & Young, I had very diverse experiences from Consulting, to Audit and Due Diligences. I spent 50% of my work in emerging markets, in the Middle East, North Africa, Sub Sahara Africa, Eastern Europe, and Central Asia. I was then one of two people to be sponsored for a Wharton MBA in the history of the firm in France.

Due Diligence, Privatization (Europe & Emerging Markets)
• Private Equity - Europe: Managed team of 10 to assist three private equity firms (Advent International, CVC, Carlyle) in the execution of an LBO on one of the subsidiaries of Lafarge.
• Privatization - Energy - Africa: Prepared the privatization of an electricity company in Cameroon with IFC (International Finance Corporation)
• Privatization - Financial Services - Central Asia: Projects: defined and implemented infrastructure strategy for a privatization program in Uzbekistan (World Bank and European Commission project).

Strategy, Operational and IT Consulting (Europe & Emerging Markets)
• Led cross-functional teams of 2 to 15 to carry out high impact consulting assignments across a dozen industries in Europe, the Middle East, Asia and Africa.
• Cost Cutting - Telecom - Eastern Europe: Defined cost reduction strategy for the international organization implementing the Dayton Peace Agreement in Bosnia Herzegovina (Office of the High Representative).
• Restructuring - Transport- Europe: Prepared decentralization strategy for, a British railway company.
• Restructuring - Software - Europe: Restructured the French service business of a leading software firm.
• Restructuring - Banking - Middle East: Prepared and implemented a restructuring plan for a Middle Eastern bank.

Adjunct professor, paris sorbonne abu dhabi (master of banking & finance)

UNIVERSITE PARIS IV SORBONNE

Formations complémentaires

MBA

University of Pennsylvania - The Wharton School - Double major Finance + Marketing

2001 à 2003



• Awarded an Arthur Andersen merit based sponsorship covering all tuition expenses.
• Exchange program at ITESM, Mexico and Universidad de San Andres, Buenos Aires, Argentina

DESS+MSG

Université Paris Dauphine - Array

0000 à 1996



MS in Management Information Systems.
• Top 10% of the Class while working full-time for the French Air Force (journalist).

BBA: Major in Finance.
• Top 10% of the Class while working full-time at EDS (auditor) and OFUP (sales). Paris, France
• Selected for exchange program at Westminster University, London. London, United Kingdom

Parcours officiels

Dauphine – Informatique – Informatique – 1996 – DESS 220 Informatique de Gestion
Dauphine – Sciences des organisations – Gestion – 1995 – MAITRISE Sciences de Gestion