Business Development Financial Advisory

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EXPERIENCE

**** - *******

REGINALD R. SHAVER

** ***** ****, **** **, SANDTON,

SOUTH AFRICA

CONTACT: +276********

********@***********.**.**

CATALYST CAPITAL PARTNERS

Founder – Independent Consulting on Projects

Johannesburg, South Africa

• Responsible for day-to-day management of all corporate finance, project finance and corporate restructuring financial advisory activities

• Interim Director – Pelo Laboratories (6-month assignment: 2024) – Responsible for leading downsizing/possible restructuring of small pathology laboratory based in Pretoria and Carltonville.

• Capital raising and business development (10 month assignment – 2023) – Assisted CEO with capital raise for $10 credit guarantee from Development Finance Corporation and also interacted with African Development Band for potential funding.

• Recent project and financial advisory activities include: Mirai Rail Corporation – Capital raising (2023), Transnet (2022), Sasol (2020), Eskom (2022), RH Bophelo Healthcare (On-going) and Nafasi Water (2021) 2012 - 2018 GENERAL ELECTRIC (GE) AFRICA Johannesburg, South Africa Regional Team Leader - Southern Africa - Project Investments and Financings Group – Sub-Saharan Africa

• Member of niche corporate and project financing team which served as internal and external financial advisors to GE P&Ls and GE customers for infrastructure projects. Day-to-day internal and external stakeholder management with GE commercial teams with heavy direct customer interface to originate and execute on infrastructure opportunities across multi-sectors including: healthcare, oil & gas, power & water, transportation, mining, aviation, lighting and intelligent platforms (software and analytics)

• Provided direct financial advisory support for over $4 billion in financings in support of GE equipment sales across multi-sectors using a variety of financial products including: GE equity/mezzanine investments, partial risk sharing schemes/structures, ECA financing, letters of credits and corporate guarantees Traveling extensively across sub-Saharan Africa to structure bespoke customer financing solutions to help drive equipment sales for GE. Reviewed multi-sector deal opportunities – some key markets covered include: South Africa, Angola, Kenya, Tanzania, Rwanda, Ethiopia, Nigeria, Cameroon, Ghana, Chad, Namibia, Mozambique, Botswana, Malawi and Democratic Republic of Congo, to name a few.

• Leveraging 3rd party and GE balance sheet funding sources for infrastructure projects engaging with major stakeholders at local and international financial institutions including: development finance institutions, private equity firms, commercial and investment banks, quasi-government finance institutions and government pension funds and asset managers

o Selective Transaction Highlights

Nigeria Rail Concession – Working on $2 billion rail concession won from Nigerian Federal Government. Providing internal financing roadmap and identified key contingency issues around a potential bankability of the concession.

Provided advice to South Africa partners who won a tender to provide 200 MW of LNG gas to power in Namibia including providing direction on equity, debt and mezzanine investors.

Actively advised internal GE stakeholders, GE customer and Angolan Government on

$424 million ECA financing for large transportation project – deal closed in Q4 2016

Structured equity consortium and debt funders (commercial and ECA) for $75 million in support of 50MW solar power project for large listed gold company in South Africa

Drove consortium building and total capital raising for large mining tender submission for 150 MW solar plant submitted in early Q4 2016.

Pioneered idea and designed blueprint structure for innovative and first-of-its-kind million GE supplier development investment fund of $25 million. The Fund is being used as both GE South Africa’s black empowerment investment vehicle and provide expansion capital to black SMEs feeding into GE’s supply chain; one of leaders of team that evaluated and negotiated with 3rd Fund Manager to run the GE fund.

Drove financing strategy for $115 MM hybrid power project with Gov’t of Chad and private sector stakeholders – project still on-going.

Devised both on- (e.g. back-to-back lease structures) and off-balance sheet solutions for

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the Namibian government for several sectors in infrastructure.

Arranged ECA financing for locomotive opportunity in Cameroon for $50 million in support transportation infrastructure PPP between Gov’t of Cameroon and Ballore.

Facilitated USAID Development Credit Authority support for landmark PPP project for Nelson Mandela Children’s Hospital whereby GE and USAID will provide co-partial risk guarantees for the healthcare equipment placed into the hospital

Actively working on several unsolicited potential privatizations of $2 billion in the transportation sector in Nigeria which has governmental support at the Presidential level. Leading the financing work stream as part of potential concession at play

Lead negotiator for $50 million partial risk-sharing guarantee program created with a local South African commercial bank for GE Healthcare in Southern Africa

Provided advisory support for Transnet’s $500+million ECA financing working with US Export-Import Bank

Deal team coordinator / lead negotiator to evaluate prospects to invest $5 million for an early-stage development loan into small E&P company with modest gas backed by an off- take agreement with South African utility

Negotiated a $3 million mezzanine investment into Holdco of new hospital group in South Africa to secure GE equipment exclusivity for 7-years

Arranged first ever 3rd party rail operating leasing deal for Vale Mozambique for $48 million

Arranged financing for expansion from South Africa to Ghana for $15 million by supporting established South African radiology group support transportation infrastructure PPP between Gov’t of Cameroon and Ballore.

Facilitated USAID Development Credit Authority support for landmark PPP project for Nelson Mandela Children’s Hospital whereby GE and USAID will provide co-partial risk guarantees for the healthcare equipment placed into the hospital

Actively working on several unsolicited potential privatizations of $2 billion in the transportation sector in Nigeria which has governmental support at the Presidential level. Leading the financing work stream as part of potential concession at play

Lead negotiator for $50 million partial risk-sharing guarantee program created with a local South African commercial bank for GE Healthcare in Southern Africa

Provided advisory support for Transnet’s $500+million ECA financing working with US Export-Import Bank

Deal team coordinator / lead negotiator to evaluate prospects to invest $5 million for an early-stage development loan into small E&P company with modest gas backed by an off- take agreement with South African utility

Negotiated a $3 million mezzanine investment into Holdco of new hospital group in South Africa to secure GE equipment exclusivity for 7-years

Arranged first ever 3rd party rail operating leasing deal for Vale Mozambique for $48 million

Arranged financing for expansion from South Africa to Ghana for $15 million by supporting established South African radiology group 3

2010 - 2012 VUNANI CAPITAL Johannesburg, South Africa Deputy Group Leader – Corporate Finance Advisory Origination & Execution

• Originated cross-border M&A transaction to represent one of the largest technology companies in East Africa – this transaction is the largest single fee event for FY2011 for the firm

• Originated Anglo American Coal division valuation assignment for an asset disposal event in South Africa

• Completed BEE asset disposal strategy document that was presented to and accepted by the CEO of Anglo Coal division with respect to several of Anglo American’s small coal assets in need of disposal

• Originated Airports Company South Africa valuation assignment to be used for company’s ESOP scheme

• Assisted large state-owned enterprise in South Africa with reviewing the merits of large acquisition worth more than R1 billion in the transportation sector

• Advised the Passenger Rail Agency of South Africa in restructuring the entire company

• Played key role in securing the mandate to dispose of industrial assets owned by Reserve Bank of Zimbabwe

• Created local partnerships to co-advise on corporate finance transactions with locally-based financial services firms in Botswana, Namibia and Zimbabwe and began conversations with other potential partners in Nigeria and Ghana, respectively

• Covered more than 80 clients across the public and private sectors, from mining to industrial companies to parastatals and other government-owned enterprises in South Africa, Zimbabwe, Botswana and Kenya

• Designed and created completely new pitch book presentations and templates from scratch to re-brand Vusani’s corporate finance effort

• Developed more comprehensive financial models to be used in M&A, equity and debt capital raisings and corporate restructurings

• Identified the need for and negotiated with all key technology partners (e.g. Capital IQ) to provide the requisite financial intelligence to support M&A and capital raisings assignments undertaken by corporate finance group.

• Developed financial modeling templates to be used predominately for financial projection analysis and M&A purposes

• Identified the need for and negotiated with 3rd party technology partners (e.g. Capital IQ) to provide the requisite financial intelligence and due diligence to support M&A and capital raisings assignments undertaken by corporate finance group

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Summer 2008 MORGAN STANLEY INTERNATIONAL London, UK Associate, Corporate Finance/M&A Group

• One of 12 MBAs chosen from Europe and the U.S. to participate in program

• Wrote circular document for €800 million cross-border acquisition by Sappi of M-Real’s coated paper

• Co-wrote pitch, valuation analyses and provided key support to conclude a potential $300 million take private transaction for diversified media company based in South Africa

• Assisted with preliminary preparation for $2 billion equity financing transaction in the industrial sector

• Performed in-depth valuation analyses of public companies using discounted cash flow, comparable public trading multiples, precedent transaction multiples for selected analyses and pitch presentations 2006 - 2007 ABSA CAPITAL – AFFILIATE OF BARCLAYS CAPITAL Johannesburg, South Africa Head, Debt Capital Markets – Corporate Bonds (South Africa and sub-Saharan African markets)

• Originated and secured most prestigious debt advisory mandates in South Africa at the time to advise Transnet on its R30 billion plus domestic medium-term note program – tender submission uniquely addressed provided roadmap to Transnet as to how to address its domestic and international funding needs/constraints

• Completely re-designed all of the group’s presentation and marketing collateral from scratch as there were no set Absa Capital branding / marketing / pitchbook templates at Absa Capital during my tenure

• Re-established relationships with over 35 corporates, parastatals and utilities across all industries and increased revenues by 100% within eight months which resulted in a significant pipeline of revenue- generating transactions. Prior to my joining the team, the Debt Advisory Group had not won any meaningful transactions in 3 years nor had many leverage-able credentials

• Select mandated deals originated include: Transnet (South Africa), Orange Telecom (Botswana) and Water Utilities (Botswana)

• Traveled extensively throughout Southern and Eastern Africa to originate local bond listings

• Managed day-to-day work assignments and strategic initiatives for 5-person team

• Resigned to return to full-time MBA program in the U.S. 2005 - 2006 DELTA CAPITAL MANAGEMENT Memphis, TN

Consultant, Venture Capital Fund

• Assisted management with any ad-hoc portfolio management duties associated with $100 million venture capital fund focused on southeastern part of the U.S.

• Assisted two senior partners with exiting two portfolio companies worth $25 million by providing valuation analyses and documentation support as needed

• Worked directly with CFOs and CEOs of companies targeted for exit to create financial models to be used as a decision-making tool by prospective investors

• Co-authored offering memorandum used to market to investors to raise $50 million in funding for Delta Venture Partners – fund raising unsuccessful due to market conditions

• Delta Capital Management was not able to raise new private equity fund so the firm unwound itself 2004 - 2005 MORGAN KEEGAN & COMPANY Memphis, TN

Vice President, Debt Capital Markets Origination

• Provided debt capital raising and strategic financing alternatives primarily to Assistant Treasurers, Treasurers and CFOs at Fortune 1000 companies.

• Built the business unit from the ground level: 2004 corporate bond revenues were slightly above $500 thousand vs. $2 million in corporate bond revenues in 2005.

• Traveled extensively throughout the U.S. prospecting for new business and cultivated over 70 new corporate client relationships within a one-year period.

• Created all of group’s marketing collateral from scratch including: pitch presentations, corporate credit pricing models, debt capital markets daily / weekly publications as well as other analytical tools needed 5

for general prospecting.

• Hired as Associate Vice-President in June 2004 and promoted to Vice-President for Corporate Debt Origination in August 2004.

• Selected Deal Execution Experience: Southern Company, BellSouth, Entergy, CenturyTel, Hospitality Properties, and Urbstadt Biddle Properties.

2001 - 2004 BANK OF AMERICA MERRILL LYNCH Charlotte, NC Associate, Debt Capital Markets Origination – Media, Telecom & Business Services Sectors

• Worked on two-person team that originated and executed over 75 corporate debt offerings for $40 billion

– able to provide transaction list upon request

• Managed corporate bond issuance process, designed issued debt securities, prepared bond indentures, coordinated offering syndicate and negotiated final closing price with institutional investors

• Completed in-house analyst training in debt products and instruments including: corporate loans, F/X, derivatives and bond

• Client list included: AT&T, Bell South, First Data, Cingular Wireless, Verizon, Verizon Wireless, Vodafone and Equifax, to name a few

2000 - 2001 SALOMON SMITH BARNEY New York, NY

Financial Analyst, Large-Cap Industrial Sector – Investment Banking

• Investment banking junior coverage for corporate finance advisory for global large-cap industrial sector companies

• Worked on $1 billion asset disposal of Honeywell’s automotive division: co-managed data room, co-wrote offering memorandum and co-managed site visit tours for potential buyers.

• Performed in-depth valuation analyses of public companies using leveraged buyout returns, discounted cash flow, comparable public trading multiples, and precedent transaction multiples

• Assisted senior bankers on pitch book preparation and financial strategic analyses for large-cap, global industrial companies such as GE, Tyco, Ingersoll Rand, Thyssen Kruup, etc.

• Completed intensive corporate finance analyst training program covering: financial accounting; financial modeling; financial statement analysis; M&A valuation and transaction support; and equity and debt capital raising, structuring and processing

1999 - 2000 CMS ENERGY Detroit, MI

Financial Analyst, Corporate Finance and Treasury Division

• Identified potential acquisitions of gas distribution and electric power companies over $100 million to integrate into one of North America’s largest pipelines

• Prepared detailed company profiles and presented acquisition analyses to senior finance manager including detailed M&A modelling

EDUCATION

2007 - 2009 KELLOGG SCHOOL OF MANAGEMENT Evanston, IL NORTHWESTERN UNIVERSITY

Master of Business Administration, June 2009

• The Kellogg MBA program consistently ranks as one of the prestigious Top 5 MBA programs in the U.S. 2003 HARVARD BUSINESS SCHOOL Charlotte, NC

Management Development Program, December 2003

• Completed 13-week Management Development Program for early- and mid-career professionals designed and taught by Harvard Business School Alumni Chapter of Charlotte, NC

• Intensive classroom case-study and experiential learning in the following topics: financial reporting & control, corporate finance, manufacturing and service operations, marketing, competition and strategy, organizational behaviour, leadership in organizations, and business ethics 1997 - 1999 THE JOHNS HOPKINS UNIVERSITY Washington, DC Master of Arts in International Economics and International Affairs, May 2000

• Dual Concentrations: International Finance and Energy, Resources & Environment 6

• Woodrow Wilson National Fellowship Recipient for International Affairs from Woodrow Wilson Foundation

• Secondment (1998): Enron International – Africa Business Development and Finance Group (London, UK/West Africa)

• Part-time Consultant (1997-1998): PFC Energy – Exploration & Production Consulting Services

(Washington, DC)

• Woodrow Wilson National Fellowship Recipient (Academic Scholarship Award – International Affairs) 1992 - 1996 MOREHOUSE COLLEGE Atlanta, GA

Bachelor of Arts (cum laude) in International Relations, May 1996

• USAID Intern (1996): U.S. Agency for International Development – Evaluated and screened business plans / investment proposals for USAID / CDC-backed fund focused on SMEs for the Tanzania Business Fund of $10 million (Dar es Salaam, Tanzania

• Studied Russian language and culture (3-years)

Summer 1995 PRINCETON UNIVERSITY Princeton, NJ

WOODROW WILSON SCHOOL OF PUBLIC AND INTERNATIONAL AFFAIRS Participant, Public Policy and International Affairs Institute (PPIA) May 1999

• Awarded prestigious Woodrow Wilson National Fellowship in International Affairs upon completion of program

• Studies in public policy, public management, international relations, and public finance

• One of 20 participants in the summer enrichment program ADDITIONAL PROFESSIONAL AND PERSONAL INFORMATION:

• Former holder of Series 7 and Series 63 licenses from National Association of Securities Dealers in US

• Completed Euromoney’s Project Finance Financial Modeling Course in New York

• Former Alumni Chapter President and Alumni Chapter of the Year Recipient from Morehouse College Alumni Association

• Active Member of The Johns Hopkins University Alumni Association

• Active Member of Northwestern University Alumni Association

• Active Member and Former Chapter President for South Africa, Alpha Phi Alpha Fraternity

• Active Member, Chinese Martial Arts and Sport Center (7-year on-going participant in Kung Fu) – Johannesburg, South Africa

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