Investor Presentaiton
Current Portfolio of Investments [1/5]
GP Investments
cquatorial
ENERGIA
FULLY DIVESTED IN NOV/07
➤Current Total Equity Value $450.3 m (1)
➤ Ownership of Total Capital 0%
>Total Cost
•GPCP3
•Co-investors
$11.7m
$3.2m
$8.5m
•
Equatorial owns the electricity distribution company for the State of
Maranhão, serving over 1 million customers.
⚫ GP coordinated its debt restructuring, gathered a new management
team and focused efforts on obtaining efficiency gains. In addition, it
led the IPO in 2006.
⚫ EBITDA increased 5x from 2003 to 2007.
FOGO
DE
CHÃO
CHURRASCARIA
BRAZILIAN STEAKHOUSE
➤Current Total Equity Value $198.7 m (1)
➤ Ownership of Total Capital 35.0% (2)
➤Total Cost
•GPCP3
•Co-investors
$64.0m
$32.0m
$32.0m
Brazilian steakhouse operator that provides a distinctive dining
experience by offering superior service in a high-energy atmosphere.
⚫ The company operates 17 restaurants, 11 of which in the US.
• GP provided capital to accelerate growth and has been involved in
improving the management team and the relationship with financial
institutions
BRMALLS
➤Current Total Equity Value $667.0 m (1)
➤ Ownership of Total Capital 35.4% (2)
>Total Cost
•GPCP3
•Co-investors
•Debt
$172.3m
$62.5m
$87.5m
$22.3m
⚫ BR Malls is the largest shopping mall owner in Brazil.
• GP provided capital and leadership for the consolidation project.
During 2007, the company has already invested more than US$500
million, increasing ownership from 7 to 32 malls and administration
from 24 to 29 malls.
• The company performed an IPO in Apr 2007 and a follow-on in Oct
2007 R$1.2bn of capital raised in primary offers.
-
(1) Market Capitalization as of December 31, 2008 for listed companies Equatorial and BRMalls. In the case of Fogo de Chão, an acquisition multiple was applied to LTM EBITDA (as of June 2008). Additionally,
Fogo de Chão distributed US$7.5 million as dividends to Fund III in June 2008. This amount is included in the total unrealized value of the company. . (2) Including Co-Investors
25
25View entire presentation