[Aibec-l] Job Offer--Private Equity--Director

Marian Dent mdent at pericles.ru
Tue Apr 17 12:37:47 MSD 2007


Dear AIBEc students and alumni,
I'm forwarding the message below from Pericles' Professor Schulze.  It seems
like a position that can be of interest to AIBEc students as well as to
Pericles' law students.  Please respond to the phone  below--not to me.  I
know nothing more than what is in the message.

Marian

Marian Dent
Dean
Pericles American Business & Legal Education Project
10 Tverskaya Ul. #319
Moscow, 125009  Russia
(7-495) 692-5188
mdent at pericles.ru
www.pericles.ru 



Private equity - director

A newly created asset management company (the Management Company) is seeking
to hire a senior private equity executive at the director level.  The
Management Company will manage a newly created private equity fund Varyag
Resources AB, the Fund was launched as a listed investment company on 31st
July 2006, following the initial placement the Fund raised some USD 60.4
million, pre issue costs (ticker VARY.ST, website www.varyag.se).  This
funding will be fully allocated by the end of Q2-2007 and the Manager is
seeking to expand the team in order to management the Fund's existing assets
and develop a new deal, the intention is to expand the size of the Fund
dramatically, the only limiting factor at this stage is the Management
Company's ability to handle transactions.  

The Management Company receives a standard fee for private equity investment
vehicle being a 2.5% annual management fee and a 20% carried interest in
capital gains in excess of an 8% hurdle rate.  The Management Company is
owned by the company's two partners, in addition the Company has two
financial analysts and an in-house Russian Lawyer.

The Fund is focused on direct investments in the equity of enterprises
engaged in natural resource related activities in Russia and the
Commonwealth of Independent States (CIS).  The Fund's three focus sectors
are forestry, coal and aggregates - at this stage all of the Fund's assets
are located in Russia, the Fund has the mandate to expand its sector and
geographic coverage.  The intention is to reorgainse the existing assets and
to acquire more similar assets in order to achieve some meaningful scale in
each sector of operation.

The Management Company's primary role is to make acquisitions, merge several
of the portfolio companies in order to achieve scale and introduce Western
style planning and budgeting and to create legal and financial transparency.
The Management Company has effective control over most of the Portfolio
Companies.  Given the previous absence of Western style planning and
transparency at the Portfolio Companies, the Management Company is very
heavily involved in the management of each portfolio company immediately
post-acquisition.  This process is labor intensive and requires extensive
travel to the Portfolio Companies which are primarily located in East
Siberia and North West Russia.         

The successful candidate will;

.	Be a good team player with the ability to deal with the Fund's
shareholders as well as being able to force change through the Portfolio
Companies where necessary;
.	Have the ability to design and implement plans at target companies
and play a leadership role in the Boards of target companies;
.	Have a significant track record in equity (debt) transactions in
emerging markets and ideally in Russia and/or Eastern Europe;
.	Have a good general knowledge of natural resource economics in
general;
.	Have a detailed knowledge of English Law and litigation;

The successful candidate will be employed by the Asset Management Company
and will be offered a salary comeasurate with their skills and within the
Management Company's budget constraints.  The successful candidate will be
motived by the opportunity to acquire an equity stake in the Management
Company at cost after 9 months of satisfactory full time employment.  This
represents a rare opportunity to buy-in to a growing Management Company in a
rapidly growing sector at the ground floor level.  The size of the stake
available will depend upon the successful candiates previous experience and
performance during the initial 9 month period.

The position will be Moscow based and will require extensive travel around
Russia and the CIS.  Some working knowledge of Russian is a prerequisite.

Candidates will currently have a management position in any one of the
following areas; private equity, the corporate law department of a
recognised law firm, the investment banking or analysis departments of
brokerage house, or the corporate finance departments of Big Four firms (or
equivalent), or the corporate lending department of an international bank.

For further information please contact Vladimir Gaidamaka on +7 916 3637046
Dear LL.M. students and alumni,
I'm forwarding this message from Professor Schulze.
Marian

Private equity - director

A newly created asset management company (the Management Company) is seeking
to hire a senior private equity executive at the director level.  The
Management Company will manage a newly created private equity fund Varyag
Resources AB, the Fund was launched as a listed investment company on 31st
July 2006, following the initial placement the Fund raised some USD 60.4
million, pre issue costs (ticker VARY.ST, website www.varyag.se).  This
funding will be fully allocated by the end of Q2-2007 and the Manager is
seeking to expand the team in order to management the Fund's existing assets
and develop a new deal, the intention is to expand the size of the Fund
dramatically, the only limiting factor at this stage is the Management
Company's ability to handle transactions.  

The Management Company receives a standard fee for private equity investment
vehicle being a 2.5% annual management fee and a 20% carried interest in
capital gains in excess of an 8% hurdle rate.  The Management Company is
owned by the company's two partners, in addition the Company has two
financial analysts and an in-house Russian Lawyer.

The Fund is focused on direct investments in the equity of enterprises
engaged in natural resource related activities in Russia and the
Commonwealth of Independent States (CIS).  The Fund's three focus sectors
are forestry, coal and aggregates - at this stage all of the Fund's assets
are located in Russia, the Fund has the mandate to expand its sector and
geographic coverage.  The intention is to reorgainse the existing assets and
to acquire more similar assets in order to achieve some meaningful scale in
each sector of operation.

The Management Company's primary role is to make acquisitions, merge several
of the portfolio companies in order to achieve scale and introduce Western
style planning and budgeting and to create legal and financial transparency.
The Management Company has effective control over most of the Portfolio
Companies.  Given the previous absence of Western style planning and
transparency at the Portfolio Companies, the Management Company is very
heavily involved in the management of each portfolio company immediately
post-acquisition.  This process is labor intensive and requires extensive
travel to the Portfolio Companies which are primarily located in East
Siberia and North West Russia.         

The successful candidate will;

.	Be a good team player with the ability to deal with the Fund's
shareholders as well as being able to force change through the Portfolio
Companies where necessary;
.	Have the ability to design and implement plans at target companies
and play a leadership role in the Boards of target companies;
.	Have a significant track record in equity (debt) transactions in
emerging markets and ideally in Russia and/or Eastern Europe;
.	Have a good general knowledge of natural resource economics in
general;
.	Have a detailed knowledge of English Law and litigation;

The successful candidate will be employed by the Asset Management Company
and will be offered a salary comeasurate with their skills and within the
Management Company's budget constraints.  The successful candidate will be
motived by the opportunity to acquire an equity stake in the Management
Company at cost after 9 months of satisfactory full time employment.  This
represents a rare opportunity to buy-in to a growing Management Company in a
rapidly growing sector at the ground floor level.  The size of the stake
available will depend upon the successful candiates previous experience and
performance during the initial 9 month period.

The position will be Moscow based and will require extensive travel around
Russia and the CIS.  Some working knowledge of Russian is a prerequisite.

Candidates will currently have a management position in any one of the
following areas; private equity, the corporate law department of a
recognised law firm, the investment banking or analysis departments of
brokerage house, or the corporate finance departments of Big Four firms (or
equivalent), or the corporate lending department of an international bank.

For further information please contact Vladimir Gaidamaka on +7 916 3637046
or via e-mail on +7 916 363 7046.



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