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An international finance executive with a background in major international banks, factoring and trade finance, financial markets, financial start-ups, international relationships, investment funds and other financial service and private equity providers resulting in a very broad cross section of experience in the financial area.

Education in Banking and International Finance at Melbourne University, Queensland University of Technology, Australian Securities Institute. 20 years of experience in executive management, business development, financial risk management and advisory; dealing room and financial risk trading, sales and structuring experience; Providing executive-level support for fund raising, strategic partnerships, Go-to-Market strategy, global and local market expansion strategy, corporate finance, M&A and investment strategy.

- Experienced in the Russian market, advising international investors into Russia and helping Russian businesses raise capital internationally.
- Experienced in developing and providing investment and funding solutions for start-ups and high growth businesses from Venture Capital and Private Equity investors to Sovereign Wealth funds.

Transformed a business idea from a Russian entrepreneur and made it into an internationally investable successful fintech, creating structures, policies and procedures as CEO of the start-up, then attracting, negotiating and delivering half a billion dollars in investment and senior finance to the business from global investors at a trade finance fintech start-up.

Created, built and led the London and North American team for FX risk management for a large international bank, working as an outsourced risk advisory, structuring and solutions group for FTSE 250 companies and major hedge funds and investment funds.

Worked in Russia, UK, Australia, Netherlands, USA.

Worked with Virgin Group, Lone Star Funds, Citadel, PIMCO, KKR, Carlyle Group, BlackRock, MBK

Walter Colebatch joined CBA as M&A Advisor in Russia in September 2021.

Pablo A. Jarabo was educated as industrial Engineer at ICAI (Madrid-Spain) and achieved an MBA from the Instituto de Empresa (Madrid-Spain). He is member of the Industrial Engineers Association of Spain and has working experience in Spain Portugal and Latin America.

Expert in senior management, with more than 30 years of experience in international companies in industrial and consulting sectors, the last 20 years having held positions of Managing Director and Chief Executive Officer. High skills in restructuring and M&A situations, with the design and implementation of strategic, viability and business plans. Focused on results and with a strong business component, he has extensive experience in entrepreneurship and advice to SMEs in the start of their business, M&A and turn-around.

Pablo joined CBA Cross Border Associates as Consulting Professional in September 2021.

Dr. Marco Lischetti – Educated at L.Bocconi University with final degree in Corporate Finance.

Marco worked for 30 years in large corporates where he built up a strong finance and management background now applied to his own Advisory Business.

He joined CBA as M&A and Corporate Finance Advisor in October 2021

The vaccine aided BioNTech’s sales to boom, hitting $8.7 billion in total revenues in the first 6 months of 2021, from $82.1 million for the year-ago period.

"The increase was mainly due to rapid increases in the supply of COVID-19 vaccine worldwide,” said the company in a statement last month. BioNTech has turned to profits, thanks to the vaccine, with $4.6 billion in the first six months of the year, compared to nearly $168 million net loss for the same period a year ago.

The company, which recorded $8.6 billion in vaccine sales in the first half, said that estimated COVID-19 vaccine revenues for the 2021 financial year - upon delivery of currently signed supply contracts of 2.2 billion doses as of July 21, 2021 - is $18.8 billion.

BioNTech and Pfizer expect BNT162b2 annual manufacturing capacity to reach three billion doses by the end of the year and expect to have the capacity to manufacture up to four billion doses in 2022. The vaccine has led Uğur Şahin the CEO and co-founder of German biotech firm BioNTech, to join the billionaire club with a net worth of $13.2 billion as of September 9, 2021. Source: Forbes ME

The TOP TEN Airlines

According to Airfinance Journal the The Top Ten airlines were announced based on data from The Airline Analyst, which presents airline financial and operational data using a custom airline industry analytical template.

The Top Ten are

  1. Air Arabia
  2. Air Greenland
  3. EVA Airways
  4. Turkish Airlines
  5. Air Wisconsin
  6. China Airlines
  7. GrupoVivaAerobus
  8. Republic Airlines
  9. Korean Air
  10. Allegiant

Air Arabia’s CEO Adel Abdullah Ali (pictured) is well known for being at the forefront of the development of modern aviation.  His innovative achievements and contribution to air transport and tourism sector in the wider Arab world are globally recognized. He managed to transform Arab aviation in October 2003 when he set up Air Arabia, the Middle East and North Africa’s first low-cost carrier (LCC), opening up a market niche in the region whose existence few had suspected.

Measures that matter  how M&A professionals  track the industry

By Jeff Swiggett, Managing Partner of VR Mergers & Acquisitions in New Haven, Connecticut, USA.  Jeff Swiggett is also "President of the M&A Source", the trade association for the middle market in the United States. CBA and VR are allies in the Exclusive Global Alliance of M&A Advisors.

Mergers and acquisitions have become a major feature of the global financial marketplace. Deal participants include public and private companies of all sizes, investment banks, business brokers, commercial banks, private equity funds, institutional investors, hedge funds, and legal and accounting firms.

To track this active and diverse sector, M&A professionals watch a variety of key trends and measures to help evaluate prices, financing, and risk.

The economy

The current health and direction or the economy is of tremendous importance to mergers and acquisitions. Simply put, M&A activity requires a healthy economy to thrive. Experts, therefore, keep an eye on economic indicators such as gross domestic product, job growth, unemployment rates and others. Consumer and business spending - the main drivers of economic growth - also are important to track, as are housing starts and home sales.

The rate of inflation and the Federal Reserve's discount rate, the interest the Fed charges banks for borrowing short-term funds, affect both the overall economy and the financial markets because they in turn set commercial interest rates. When interest rates are low, buyers can afford the credit they need to make acquisitions, whereas high interest rates curtail deal activity by making it too expensive to be profitable.

The corporate sector

Corporations act as both buyer and seller, so their financial health merits special attention. M&A experts look at market data on the growth or decline of corporate profits, debt-to-equity ratios, price earnings ratios, price­cash-flow ratios and ratios of balance sheet cash to business market value for a range of business segments. These rates and ratios signal the profitability of businesses, how expensive they would be to buy, and how much cash they have available to buy other companies.

Metrics such as these are available for public companies and those private companies that have chosen to participate in financial reporting surveys. Databases such as Standard & Poor's, Thomson Financial and FactSet Mergerstat are sorted for company size, industry, financial strength and other attributes of interest to prospective buyers and sellers.

The transaction cycle

Shaped by general economic and corporate activity, M&As often occur in a circular pattern of purchases and sales facilitated by private equity firms and other intermediaries, such as hedge funds, insurance companies and pension funds.

For example, you can get transaction data for the middle market broadly defined as companies with sales between $10 million and $500 million. The data can be refined further for narrower ranges such as revenues of $10 million to $100 million.

Valuation and debt

Valuations, or the prices for which companies sell, are perhaps the most closely watched metric in the M&A arena. A business's value often is expressed as a multiple of the ratio of a company's selling price to the cash flow it generates, commonly defined as earnings before interest, taxes, depreciation, and amortization (EBITDA). Alternate valuation metrics may include a multiple of enterprise value (the selling price of the business plus amount of net debt on its balance sheet) to EBITDA, or a multiple of revenues.

Given the extensive use of debt in M&A transactions, leverage, and credit-quality metrics generally receive as much attention as valuation ratios. Two ways of tracking leverage, the amount of debt that acquirers take on to finance their purchases, are the total dollar volume of M&A related borrowings and the multiple of total debt to EBITDA in new deals.

Integrating complex information

As a seller or buyer, you may not have the economic and financial background to understand the complexities of the M&A marketplace. But having some basic knowledge of how your advisors view broad trends can help you establish a better working relationship with them and smooth the transaction process.

Nigel Cleave – educated in the U.K. and a Fellow of the Institute of Chartered Shipbrokers, commenced his career as a navigating cadet officer with Cunard, providing an excellent foundation for a business career in an industry that is based on attributes of hard work & common sense, which still hold true today. Undertook a wide range of responsibilities within Cunard, including Ship Management, Passenger, Cargo, Aviation, Shipbroking, Liner & Travel sectors.

Held CEO positions within the global Ship Owning and Ship Management sectors, including building a business up from zero to a diverse managed fleet of 135 full technically-managed vessels. Significant experience in all aspects of Ship Management, Ownership, Chartering, Operations & M&A. Senior Advisor to the Fuel Treatment Technology, Maritime, Energy, Satcom, Technical Services & Support, Professional & Safety Training and LMS sectors. Keen interest in the aviation sector.

A dynamic & trusted independent senior advisor to a diverse, highly professional & entirely global industry sector. Highly experienced NED, audit committee chairman & member of nominating & corporate governance & compensation committees.

CEO of the leading producer & distributor of high quality eLearning training materials & software to the commercial maritime industry, with over 345,000 registered officers & crew, expanded the business year-on-year, promoting the importance of having properly trained crew on board.

Past member of the Executive and Strategy committees of a leading global satellite communications provider & manufacturer of high performance sensors, inertial and autonomous systems.

It has no underlying endorsement. The security base is its own computer system, the blockchain, managed by companies interested in this business. Its end customers are unbanked people who the only way to be admitted for tax purposes is at least as monotributistas. They are operations between pairs of nodes. When people discover that the only support is their own supply and demand, they will not sleep easier. They call this "volatility." They stop using it out of mistrust, the bitcoin ends. A cryptocurrency backed by physical gold with integration of Blockchain technology and physical gold refineries, validated by the London Bullion Market Association, is the proposal. "Gold Biscuit" ATMs will be incorporated that deliver gold up to 100 grams.
Dr. Jose Luis Cavalieri, Lawyer
Buenos Aires, Argentina
M&A Advisor at CBA Cross Border Associates

We have launched a free training programme for cross-border entrepreneurs at Cross Border Associates Argentina. We will talk about the rules and regulations of the International Chamber of Commerce and the experience of our company CBA Cross Border Associates in Global Alliance with VR from the United States of America and Canada on issues of mergers and acquisitions.

We will reach out to more than 100 countries with our affiliates, soon including Argentina. From Monday to Friday, we will broadcast live to the world on our digital TV channel from 10pm to midnight. We will announce details in due course.

Dr. Jose Luis Cavalieri
CBA Associate
Buenos Aires
Argentina