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June 2015
Millennium investment banking
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Millennium investment bankingProducts and Services offered by Millennium investment banking
Product Units
Corporate Finance
Structured Finance
Project Finance
Millennium investment banking has experienced teams covering all vectors of financial advising in different geographies:
evaluations, M&A, corporate and project funds sourcing, investment financing, syndicated loans, portfolio management,
restructuring and loans consolidation, structuring, arranging and underwriting project finance, IPOs, ABB’s, bonds, commercial
paper and MTNs
Millennium investment banking operates in the groups core markets, supported by Millennium local banks, branches, rep offices
and cooperation agreements with relevant entities.
Millennium investment banking offers a wide range of products and services
Capital Markets
Debt
Equity
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Corporate Finance
Delivers financial advisory to:
Corporate evaluations
Mergers & Acquisitions
Well established experience in Portugal and other core markets
All economic and financial sectors activity
Extensive contact network
Seasoned, committed and multissetorial Corporate Finance team
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Energy & Gas
Disposal of
BIOVEGETAL
2012 2011
Evaluation
2008
Disposal of
€ 140 million
2008
Financial advising to the new regulatory
framework for the gas sector in Portugal
Evaluation
2011
Evaluation
2011
Relax Wind Park acquisition
Wind Park Portfolio (1,022 MW)
Financial Advising
2007
2012
Disposal of 49% of EDPR Portugal
€ 359 million
2014
Disposal of 50% of EDP Asia
(100% participated by CEM)
Enersis acquisition
€ 1,150 million
2008
Financial advising to Magnum Capital
Initial Public Offering
€ 1,567 million
Financial AdvisorGlobal Coordinator
2008
Propane Gas Sector
Financial advising
2010
2011
Disposal of 50% of
Corporate FinanceCredentials
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Infrastructure & Construction
Evaluation of
2012
Public Acquisition OfferGlobal Coordinator
2012 2010
Financial Advisory
Shareholder capital rearrangement
Financial Advisory to Monte SGPS
Acquisition of 50% of Monte Adriano SGPS
2010 / 2009
2009
Privatization of
2012
Financial Advisory
Acquisition of a participation in
Scutvias
2008/2007
Financial Advisory
Acquisition of a participation in CPE
2008/2007
Capitalization process of
2013CONSTRUÇÃO, SGPS
Evaluation of Grupo Insitec (Mozambique)
2014
2009 / 2008
Financial Advisory
2010
Financial Advisory Financial Advisory
Corporate FinanceCredentials
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Other
Evaluation
2012 / 2010 2012
Financial Advisory
Dierre Ibérica
Evaluation
2012
2010
Financial Advisory Financial Advisory Financial Advisory
2008/20072008
Merger
2010
On thePublic Acquisition Offer
launched by CSN
Evaluation and Advisory
Reinforcing Capital
2014
Disposal of
Millennium Gestão de Activos
2014
Financial Advisory
2013
Evaluation
2013 2011
Testa & Cunhas
Financial Advisory
Financial Advisory Financial Advisory Financial Advisory
2013
Disposal of
Millennium Bank(Greece)
2010
Disposal of
Millennium Bank AS(Turkey)
2010
Evaluation
2010
€ 15.5 million
2010
Financial Advisory
(Eletronics division)
2010 / 2009 2008
Corporate FinanceCredentials
Shareholder capital rearrangement
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Structured Finance
Structured Finance operations involve analysis, structuring, proposal, organization and execution ofmedium and long term financing:
Advisory to corporate and project funds sourcing
Investment Financing
Syndicated loans in different geographies
Portfolio management
Support to Millennium bcp commercial departments, monitoring, managing and restructuring largecredit exposure
Financial restructuring and loans consolidation
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2012
EGF Restructuring
€ 116 million
2011Lead Arranger & Agent
Acquisition Finance
€ 42.5 million
2014
€ 3,150 million
Revolving Credit Facility
Lead Arranger & Bookrunner
2011
Grupo Visabeira/Vista Alegre Atlantis
Restructuring
Lead Arranger & Agent
€ 45 million
2009Lead Arranger
€ 450 million
Acquisition Finance
2009
Acquisition Finance
Lead Arranger2008
Lead Arranger
USD 2,250 million
Syndicated Loan
2008Arranger
€ 1,600 million
Properties and Olive Plant Acquisition
2008Lead Arranger
PECÉM
Bridge Loan
USD 270 million
2008
5* Tivoli Victoria Hotel Construction and
Development
Lead Arranger
€ 40 million
2008Lead Arranger
€ 98 million
Biomass Co-generation Plant Construction
2007
Acquisition Carrefour Portugal
€ 150 million
2007
Acquisition Finance
Lead Arranger
USD 3,000 million
2009Lead Arranger
€ 88.5 million
Acquisition of
Lusoponte participation
2007Lead Arranger
Acquisition Finance
€ 144 million
Structured FinanceCredentials
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Project Finance
Millennium investment banking has a long standing
experience and a strong track record in Project Finance,
leading projects in Portugal and abroad, in sectors
ranging from motorways and large infrastructure to
power and other utilities like renewable energies
With industry focus and tailor made solutions,
Millennium investment banking provides Project Finance
in-depth knowledge covering:
Advisory
Structuring, Arranging and underwriting
Portfolio management
Millennium investment banking Project Finance team has
extensive experience and led and participated in most of
the big projects in Portugal since 1990 and abroad since
2004
Global Portfolio Deal of the Year
Europe Renewable Wind & Hydro Deal of the Year
2006Enersis Porfolio Financing
European Toll Road Deal of the Year
2004 Brisal
Global Deal of the Year
Infrastructure Journal Online
Renewable Energy Project Financing of the Year
Global Energy Refinancing Magazine
EMEA Renewable Deal of the Year
2006 Enersis
PECEM 1 Latin American
Power Deal of the Year2010
Relax Wind Park I Best Sustainability Award
2010
Mib Project Finance international awards
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PECÉM
Bridge Loan
USD 270 million
Lead Arranger
2008
2009
PECÉM I Coal PlantProject Finance
BRL 1,410 millionUSD 327 millionLead Arranger
2009
Wind Farm Portugal
€ 1,062 million
Lead Arranger
Project Finance
2010
Relax Wind Park
Wind Farm in Poland
Financial Advisor
PLN 535 million
Project Finance
2010
Toll Road refinancing
€ 208.75 million
Lead Arranger
Project Finance
2010
Refinancing of Road Concession
€ 100 million
Mandated Lead Arranger
Project Finance
2008
CCGT
€ 558 million
Lead Arranger
Project Finance
2008
Toll Road
€ 1,201 million
Project Finance
Financial Advisor & Lead Arranger
2010
€ 66.7 million
Financial Advisor, MLA, Security Agent
Financial Advisory
Project Finance
2010
Wind FarmPortfolio funding
€ 476 million
Lead Arranger
Project Finance
2009
Tychowo Wind Farm
PLN 290 million€ 58 million
Lead Arranger
Project Finance
2008
Motorway Concession
€ 763 million
Lead Arranger
2011
€ 10 million
Lead Arranger
Project Finance
Hammer Repowering
2011
Meroicinha II Wind farm
Lead Arranger
€ 11.7 million
Project Finance
Project FinanceCredentials
2014
Lead Arranger
Project Finance
€ 50.05 million
Pisco Wind farm
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2005
€ 178 million
Lead Arranger
Urban Solid Waste
Project Finance
2007
Wind Park financing
€ 325 million
Lead Arranger
Project Finance
2006
Motorway concession
€ 746 million
Financial Advisor & Lead Arranger
Project Finance
2006
Submerged tunnel in Salonica, Greece
€ 456 million
Lead Arranger
Project Finance
2007
Refinancing of Wind Portfolio
€ 235 million
Lead Arranger
Project Finance
1997
Coal Fired Power Plant
€ 1,600 million
Lead Arranger
Project Finance
1996
990 MW CCGT
Project Finance
€ 557 millionLead Arranger
LNG Terminal
Project Finance
€ 219 million
Co-Arranger
2001
2006
Coal Fired Power Plant
€ 646 milion
Lead Arranger
Project Finance
2001
Aluminum Smelter in Maputo, Mozambique
Project Finance
USD 150 million(ECA backed)
Co-arranger
2007
Global Refinance Additional FacilitiesGermany, Australia,
Spain, and USA
€ 1,030 millionMLA & Joint Bookrunner
Project Finance
2006
Arranger
Construction of Container Terminal in Gdansk,
Poland
€ 100 million
Project Finance
2004
Motorway concession
€ 575 million
Financial Advisor & Lead Arranger
Project Finance
2007
Auction for tunnel concession
€ 469 milion
Financial Advisor
2006
Auction for shadow toll motorway
€ 469 million
Financial Advisor & Lead Arranger
Project FinanceCredentials
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Capital Markets – Equity
Leadership in capital markets equity segment
Market recognition by the most prestigious international institutions through several
awards granted, including the global coordination of the most internationally
awarded Portuguese equity offering (Brisa 2)
Proven capabilities and expertise in structuring and executing equity offerings:
Leader of the largest Portuguese equity transactions
Global Coordination of most of the Portuguese privatizations
Sole Lead Manager of the largest combined acquisition tender offer ever executed in
Portugal (which included a capital increase of ca. € 4 billion)
Sole Lead Manager of the first mandatory convertible securities ever issued in
Portugal – Capital BCP 2005
Execution of equity placements through accelerated bookbuildings
Rights issue coordinator of Millennium bcp € 2.2 billion rights issue executed in 2014,
the largest transaction of its kind ever executed in Portugal
Advisory in takeover transactions
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Capital Markets - EquityCredentials
2012
Rights Issue
Global Coordinator
€ 500 milion
2012
Acquisition Tender Offer
Joint Global Coordinator
€ 705 million
2012
Acquisition Tender Offer
Global Coordinator
€ 4.3 million
Global Coordinator2010
Public Exchange Offer 132 million shares
Acquisition Tender Offer
€ 11.9 million
Joint Global Coordinator
2009
Joint Global Coordinator
2008
€ 1,567 million
2007
Privatisation & IPO
€ 348.7 millionGlobal Coordinator &
BookrunnerGlobal Coordinator
IPO
Lead Manager
Acquisition Tender Offer
2007
INVESTIFINO
€ 16.8 million
2008
€ 1,083 milion
Rights Issue
€ 122.8 million
Rights Issue
2007
€ 25.9 milion
Rights Issue
Joint Global Coordinator
2010
2013
IPO
Co leader
€ 579 million
2014
IPO
Co leader
€ 149.8 million
2014
Joint bookrunner
€ 303 million
2014
Rights Issue
Coordinator
€ 2,242 million
2014
Accelerated Bookbuilding
Joint bookrunner
€ 159.5 million
Accelerated BookbuildingAccelerated Bookbuilding
2015
Joint bookrunner
€ 249 million
2014
Capital Increase
Joint bookrunner
€ 112 million
2012
Capital IncreaseCombined Offer
Global Coordinator
€ 1,370 million
Coordinator
Capital IncreasePreferred Shares
€ 54.2 million
Organisation and Structuring2011
Rights Issue
€ 18 million
Global Coordinator2011
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Millennium investment banking distinctive offer:
Public and private bond offers
Commercial Paper Programs
Solid know how of the Portuguese corporate segment together with a close relationship with issuers
Extensive and segmented base of customers (issuers and investors) allows differentiated and innovative solutions
Dealer of MTN programs from national blue chips (Brisa, Cimpor, EDP, REN and Millennium bcp)
With international activity:
Prominent role in the international debt market with foreign bond issue placements to Portuguese investors and local bond issues to
international investors
Proactive sales force together with excellent networking with Portuguese, European and other international institutional investors,
potentiates bond issues placement capacity
Capital Markets – Debt
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2014
3% Senior Notes2021
Joint bookrunner
€ 500 milion
2014
€ 300 milion
3.875% Bond Issue 2021
Joint bookrunner
2014
Joint bookrunner€ 500 milion
3.375% Senior Notes2017
2014
Joint bookrunner
€ 500 milion
2.625% Senior Notes2019
2013
Joint Bookrunner
€ 45 milion
Bond IssuePublic Offer
2013
Joint Lead Manager
€ 175 milion
Bond Issue2016
2014
2.625% Senior Notes2022
Joint bookrunner
€ 1,000 milion
2014
Joint Bookrunner
€ 20 milion
Bond Issue Public Offer
2015
2.5% Senior Notes2025
Joint bookrunner
€ 300 milion
Joint Bookrunner
EDP FINANCE B. V.
2.625% Notes2019
€ 650 milion
2014
Joint Bookrunner
Brisa Concessão Rodoviária
1.875% Notes 2025
2015
Organisation and Structuring
NabeiroGest
Commercial Paper Program
€ 10 milion
2014
Grupo Barraqueiro
Commercial Paper Program
€ 10 milion
Organisation and Structuring
2014
Grupo Teixeira Duarte
Commercial Paper Program
€ 55 milion
Organisation and Structuring
2014
Impresa Publishing
Commercial Paper Program
€ 11 milion
Organisation and Structuring
2014
Celbi
Commercial Paper Program
€ 100 milion
Organisation and Structuring
2014
BA Vidro
Commercial Paper Program
€ 10 milion
Organisation and Structuring
2014
Bond Issue Public Offer
Joint Bookrunner
2013
Capital Markets - DebtCredentials
€ 300 milion
€ 175 milion
