VARUN JAIN

PROFESSIONAL SUMMARY
2010-11 2009-10 2008-09
Key Skills

CAIA | FRM
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Setting up an end-to-end business with an industry veteran to consolidate the global emerald value chain [A] Gained operational experience at multiple startups across UK, US, India as part of a year out in the industry [B] Completed the Investment Banking Analyst program at UBSs Global Infrastructure & Privatization Group [C] Investment Valuation, Analysis & Structuring; Financial Modeling; Private Company & Infrastructure Asset Valuations; Complex Capital Structuring; Legal Drafting & Due Diligence; Fundraising & Startup Strategy

PROFESSIONAL EXPERIENCE [A] EmeraldWorld International Inc. AVP (Finance & Strategy)
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. Jun 2010 - Present

Summary

Structuring

Road Shows

Executive Appointments Professional Engagements

Fundraising

Mine Acquisition

Hired by the founder of Gemfields plc (AIM:GEM), the only listed emerald mining entity controlling ~25% of the worlds emerald supplies to assist in his new venture after selling his controlling stake to a PE firm Only fulltime employee apart from the Founder (CEO) & Chief Geologist (COO) since Jun 10 - present Raised US$33.3mn within a year via two tranches in London & Singapore without any direct intermediaries Incorporated 2 offshore (Panama & BVI) entities creating a tax-efficient holding structure suitable for listing whilst incorporating the Promoters Non-Compete Restrictions; also setup the London corporate office Responsible for creating the entire suite of pitch documents before going on the road including: Investor: Investor Decks, Executive Summaries, Detailed Operational & Execution Plans (100 pages) Financial: Detailed Financial Models with Valuation & Return Sensitivities Marketing: Visual Presentations (500 pages), Marketing Strategies (100 pages), Corporate Video (5 mins) Legal: Term Sheets, NDA, Introducer Agreements, Engagement Letters, MoUs with Israeli & Indian Cutters Built a best in class Board & Strategic Advisory Committee by bring onboard senior members from the mining, banking and jewellery industries including the ex-Global CEO of Cartier, ex-MD at Canaccord Genuity (JP Morgan), ex-CEO of CrewGold (also ex-MD at Merrill Lynch), Head of Jewellery at Chrities Engaged GMP Europe, a specialist mining investment bank to present the opportunity to mining investors Engaged BDO to setup an audit trail to document the value addition throughout the layers in the value chain Engaged Malca-Amit for Insurance, G4S for Security and Sage for Accounting & Inventory Systems Individually pitched the opportunity to a gamut of equity/debt investors including Institutions, Family Offices, Sovereign Wealth, Credit & Hedge Funds across Europe, North America, Middle/Far East & India Round I: Raised US$18.3mn of financing from Indian billionaire investor Sivasankarans fund Siva Ventures Round II: Raised US$15.0mn in Equity from Frank Timi, the billionaire miner for acquiring Mine Options Currently structuring working capital funding and packing credit from a range of Indian banks Involved in negotiations with mine owners of the largest Colombian emerald mines (c. 50% of world supply) Currently negotiating a London visit by a 12 member Colombian mine owner delegation to sign Mine Options for acquiring majority control of 2 mines (c. 30% of world supply) in stages over a 2 year period

PROFESSIONAL EXPERIENCE [B] Consulting Assignments

Summary
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. Jul 2009 - Mar 2011

EmeraldWorld Intl [London] Infrastructure Fund [Delhi] *Roebling Partners [NY/Mumbai]

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*Malabar Investments [NY/Mumbai] AFCL [Mumbai] *MSC Peregrine [NY/Mumbai]

Resigned from UBS to join ex-Director starting a US-India boutique cross-border investment bank Worked as sole analyst at 3 finance startups*; while consulting 3 other startups in the industry simultaneously Hired by the founder of Gemfields plc (AIM:GEM) as an independent consultant work on his new venture Took up offer to wind down outstanding assignments gradually and join the business as a fulltime member Assisted the COO of a US$4bn Indian Infrastructure company setting up an early stage Infrastructure Fund Refined fund strategy and fundraising plan; offered a full-time role of Associate in Aug 2010 (declined) Only analyst at the newly setup 3 member specialist private company valuation and legal services firm in NY Responsible for all valuations activities; gamut covered private companies, intangibles and PE portfolios Clients included multiple US startups, VCs such as facebook investors Founders Fund & the NY Cosmos India focused value investing hedge fund started by founding member of McKinsey NYs Private Equity team Conducted extensive qualitative/quantitative research for the 2 Partners whilst working full time in early 2010; currently engaged as a Consultant for fundraising and structuring of the new India domiciled Trust AFCL providers finance education to corporate lawyers; currently catering to 70% of the Indian market Involved in all areas of business development since inception and only other member alongside the founder Brought onboard by ex-Director at UBS setting up a cross-border (US/India) boutique investment bank Only dedicated resource assisting the Partners full-time during inception, offered fulltime role in Sep 2009
jainvarun@live.com Page 1 | 2 4 Podar House, 10 Marine Drive, Mumbai 400 020 +91 98201 22035

410, 1 Berkeley Street, Mayfair, London W1J 8DJ +44 75532 09315

VARUN JAIN
PROFESSIONAL EXPERIENCE [C] UBS Investment Bank - Global Infrastructure & Privatization
Summary
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CAIA | FRM
. Jan 2008 - Jul 2009

Key Responsibilities

Select Transactional Experience

Other Achievements

Part of 30 member global team responsible for all M&A, PPP, capital raising, advisory mandates across all public/private infrastructure funds/clients; fast-tracked Investment Banking Analyst Program in 19 months Actively involved in the sourcing, structuring and execution of transactions along with colleagues globally Created several valuation models using CCA/CTA, DCF, SoTP, LBO & concession models for infra assets Opportunity identification based on strategic rationale, geographic diversification, operations and synergies Prepared pitches, industry overviews, case studies for the Rail, Road, Port, Airport, Water sectors globally UK: Extensive analysis on the UBS mandate advising HMs Treasury on part-privatization of the Royal Mail Europe: Part of the core team in the UBS mandate for the proposed 3bn IPO of Deutsche Bahn US: Represented winning consortium on US$12.8bn Penn Turnpike (worlds largest single asset lease) Global: Involved in part in the restructure of individual funds of the worlds largest private infra asset owner Worked on the proprietary PF model; created a PPP comparison matrix across 20 countries & 3,000 projects Nominated for UBS Thank You Program (Operational Excellence), only nomination in the Group in 2009 Only pre-MBA candidate in the Group selected to undergo 10 intensive valuation and modeling sessions Invited to write a 3,000 word special feature on Indian Infrastructure for Infrastructure Investor magazine

PROFESSIONAL EXPERIENCE Undergraduate Internships (Investment Management, Sales & Accounting)

Motilal Oswal Securities Limited, Mumbai Fund Management Merrill Lynch Fund Managers, Mumbai Audit / Accounting Comfin Consultants Private Limited, Mumbai
Equities

. 2005 - 2006
Summer of 2006 Summer of 2005 Summer of 2004

QUALIFICATIONS
CFA FRM CAIA Finance Fund Advisory

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2010: Level I 2009: Charter awarded 2008: Charter awarded 2007: 100% 2005: Distinction

Chartered Financial Analyst, Chartered Financial Analyst Institute, USA Financial Risk Manager, Global Association of Risk Professionals, USA Chartered Alternative Investment Analyst, CAIA Association, USA Financial Markets Module, National Stock Exchange, India Certified Mutual Fund Advisor, Association of Mutual Funds in India

EDUCATION
Infrastructure Law Banking Graduate Under-graduate

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2010: Ongoing 2008: Passed Jul - Oct 2007 2007: First Class 2006: Distinction

Professional Certificate in Urban Infrastructure Planning, CEPT University, India Post Graduate Diploma in Securities Law, Government Law College, Mumbai Investment Banking Program, School of Investment Banking, Mumbai Bachelor of Commerce (Accountancy & Finance Major), H.R. College, Mumbai Diploma on Tax Practices & Procedures, H.R. College, Mumbai

410, 1 Berkeley Street, Mayfair, London W1J 8DJ +44 75532 09315

jainvarun@live.com Page 2 | 2

4 Podar House, 10 Marine Drive, Mumbai 400 020 +91 98201 22035