C:\Documents and Settings\nyholmjo\Desktop\UBS.doc
Application to the Swedish Government for
providing financial advisory services
UBS is delighted to express its interest in relation to acting as a financial adviser to the Government in
accordance with the terms set out in “Upphandling av Finansiella Rådgivare”.
UBS contact details
UK office
UBS Limited
Reg. No. 2035362
1 Finsbury Avenue
London, EC2M 2PP
United Kingdom
Stockholm office
Primary contact
UBS Limited, Stockholm
Reg. No 516401-9977
Regeringsgatan 38
Stockholm, 111 87
Sweden
Jonas Bauréus
Executive Director, Investment Banking
Tel:
+44-20-7568 1173
Mobile: +44-77 3049 3643
Fax:
+44-20-7336 2148
Email: [email protected]
(Legal contracting party)
A financial powerhouse with global reach
♦ UBS is the world’s largest wealth manager, a top-tier investment bank, a leading global asset manager,
and the market leader in Swiss retail and commercial banking. UBS is present in all major financial centers
worldwide, employs over 80,000 people and operates in more than 50 countries
Investment
Bank
♦ One of the world’s leading firms in the investment banking and securities
business, providing a full spectrum of services to the world’s key institutional
investors, intermediaries, banks, insurance companies, corporations, sovereign
governments, supranational organisations and private investors
Global Wealth
Management &
Business
Banking
♦ With more than 140 years of experience, our global wealth management
business provides a comprehensive range of products and services individually
tailored for wealthy clients around the world. In the US, it is one of the top
wealth managers and is the world’s leading private banking business, voted
‘Best Global Private Bank’ in Euromoney 2007 for the fourth consecutive year
Global Asset
Management
♦ One of the worlds leading asset managers, providing traditional and alternative
investment solutions to financial intermediaries and institutional investors, it is
one of the largest global institutional asset managers, the second largest mutual
fund manager in Europe, and the largest mutual fund manager in Switzerland
UBS strengths in the European markets
1st
European Equity
Research Team
1st
Top Pan-European Equity
Sales House
1st
M&A Financial Advisor of the
Year
Overall Debt House
1st
Euromoney 2007
1st
FX House for Institutional
Investors and Banks
Institutional Investor 2002–2008
Institutional Investor 2004–2007
Euromoney 2007
1st
Financial Times / Mergermarket 2007
1st
IPO House of the Year
The Banker 2007
All-Europe FI Research Team
(Exc. HY)
Institutional Investor 2007
1st
Global Equity House of the
Year
International Financing Review 2007
UBS holds all necessary approvals and authorisations required to perform corporate finance services in Sweden.
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Strong Nordic franchise
Nordic coverage team
Regional presence
♦
Over 20 Nordic investment banking specialists in London
♦
♦
Close and frequent contact with leading corporates, private
equity firms and governments across the Nordic region
UBS has a full on-the-ground execution capacity in the
Nordic region through the local office in Stockholm
♦
♦
Investment banking advisory is done seamlessly through
close co-ordination between the Stockholm office and
UBS’s other offices (e.g. London)
Approximately 40 people are based in the Stockholm office
across several functions, including
Swedish M&A 1
–
investment banking
–
equity research
–
asset management
–
wealth management
Swedish Equity Capital Markets 2
23.1
Morgan Stanley
38.8
Deutsche Bank
21.2
18.4
Handelsbanken
Goldman Sachs
9.7
Deutsche Bank
9.4
0
5
3.7
Nordea
8.0
ABG Sundal Collier
5.4
Handelsbanken
Morgan Stanley
3.0
Citi
3.0
8.4
KPMG
8.3
SEB
10.1
JP Morgan
8.5
Carnegie
11.1
UBS
2.2
Goldman Sachs
10
15
Market share (%)
20
Source:
Dealogic
Notes:
1 Completed transactions, 2007
2 2007, based on equity and equity-linked issuance volume
0
25
10
20
30
40
50
Market share (%)
Source:
Dealogic
Key Nordic transactions
M&A
Equity
Debt
2008
Sole financial adviser to Fortum on the
acquisition of TGK-10, a Russian regional
generation company
2007
Joint bookrunner for SEK18 billion
Government accelerated bookbuild offering of
TeliaSonera
2007
€2 billion—Joint bookrunner
2008
UBS acts for Volkswagen on the
SEK 26.9 billion acquisition of Investor’s
and the Wallenberg Foundations stakes
in Scania AB
2007
Exclusive financial advisor to Getinge on its
US$750 million acquisition of Boston
Scientific’s cardiac surgery and vascular
surgery businesses
2007
Sole financial adviser to Stora Enso on its
US$2.5 billion divestiture of Stora Enso North
America to Newspage Holding
2007
Adviser and joint bookrunner for the
US$791 million Hafslund block trade in
Renewable Energy Corporation
2007
Joint bookrunner for the NOK9 billion
acquisition of SPP
2007
€1 billion—Joint bookrunner
2007
€600 million—Joint bookrunner
2007
€300 million—Joint bookrunner
€50 million—Joint bookrunner
2006
Sole global coordinator and bookrunner on the
SEK5.1 billion IPO of SAS Rezidor Hotel Group
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Relevant sector credentials
Consumer products & retail
2008
Joint financial advisor and
broker to Scottish & Newcastle
in relation to the takeover
approach by Carlsberg
and Heineken
♦
Pending
Advisor to Cadbury Schweppes
on the proposed demerger of its
American Beverages division
2007
US$1.7 billion
Joint financial adviser to
CVC Capital Partners on the
acquisition of Samsonite
2007
£12.2 billion
Joint broker and financial
advicer to Alliance Boots on the
acquisition by KKR &
Stefano Pessina
2007
€5.3 billion
Provider of a fairness opinion to
the Board of Puma on the
proposed acquisition by PPR
UBS has worked on the largest Consumer Products transaction and the largest Retail transaction globally this year and we are the no.1 adviser in
European retail
Financial institutions
2007
€67 billion
Lead financial adviser to ABN
AMRO on its acquisition
by Fortis, RBS and
Santander consortium
♦
2007
€3.9 billion IPO
Joint global coordinator and
joint bookrunner
2007
€1.25 billion
Financial adviser to Generali on
the sale of its subsidiary
Nuova Tirrena
2007
SEK18.0bn/€1.9bn
Joint financial adviser
to Storebrand on its acquisition
of SPP Livförsäkring
2007
€5.4 billion
Sole financial adviser to the State
of Berlin on the sale of the
80.95% shareholding
UBS is a recognised leader in the M&A market for financial institutions and the bank of choice for disposals in the sector and is among the most
experienced sell-side advisors for privatisations of financial institutions globally
Transport Infrastructure
2007
Joint adviser to MTR
Corporation
on its HK$56.5 billion proposed
merger with the KowloonCanton Railway Corporation
♦
2006
Joint financial adviser and
corporate broker to
BAA on the recommended
£15.9 billion cash offer from a
consortium led by Ferrovial
2006
Exclusive financial adviser to
RREEF on its acquisition of a
49.9% stake in Peel Ports
valuing Peel Ports at
approximately £1.6 billion
2005
Financial adviser to Vinci on its
€19 billion acquisition of
Autoroutes du Sud de la
France (ASF)
2005
Financial adviser to the Danish
and German governments
regarding financing structures
for the Fehmarnbelt Fixed Link
2006
€200 million
Joint bookrunner on seven year
convertible bond
2006
US$1.1 billion IPO
Joint bookrunner
No. 1 transport infrastructure M&A adviser and equity investor globally
Leisure
2008
US$26 billion
Sole adviser to
Harrah’s Entertainment on its
sale to TPG and Apollo
♦
2007
US$7.8 billion
Sole financial adviser to
MGM Mirage on its strategic
relationship with Dubai World
2007
Adviser to Camelot on its
successful bid for the 3rd UK
Lottery licence
UBS has the largest team of dedicated leisure and gaming sector experts in Europe with a team of 11 professionals based in London
Real Estate
2007
US$2.9 billion
Exclusive financial adviser to
SEGRO on disposal of
Slough Estates USA
♦
2006
US$432 million IPO
Joint bookrunner
2007
€21.0 billion
Joint financial adviser to
Rodamco Europe on its
combination with Unibail
2007
€179 million
Sole Global Coordinator and
Joint Bookrunner on its capital
increase
2007
£2.1 billion
Sole financial adviser to Derwent
Valley on its merger with London
Merchant Securities
2007
€3.7 billion
Joint financial adviser to
Swisscom on its acquisition of
up to 100% of Fastweb
2006
A$15.5 billion
Joint global co-ordinator on the
secondary public offering
of Telstra by the
Australian Government
No. 1 real estate M&A house in Europe with over 95 investment banking professionals
Telecom
2007
SEK 18 billion
Joint bookrunner for the
Kingdom of Sweden on the
accelerated bookbuild of an
8% stake
♦
2007
€1.12 billion
Joint global co-ordinator and
joint bookrunner for the Hellenic
Republic on the accelerated
bookbuild of a 10.7% stake
2007
€2.3 billion
Sole financial adviser to
Telefónica on its acquisition of
an indirect 10% stake in the
ordinary share capital of
Telecom Italia
No. 1 in European telecom M&A 2006 and 2007 and no. 1 in European telecom ECM in 2007 (excl. Turkey)
Utilities
2008
Sole financial adviser to Fortum
on the acquisition of TGK-10, a
Russian regional generation
company
♦
Ongoing
€71.7 billion
Joint financial adviser to Suez
on its merger of equals with
Gaz de France
2007
€63.6 billion
Joint financial adviser to Enel
on its joint tender offer with
Acciona for Endesa
2006
DKK2.0 billion
Sole financial adviser to Dong
Energy on its disposal of the gas
storage facility Lille Torup
2005
€500 million
Adviser to Statkraft on the
acquisition of Graninge’s hydro
generation assets
The leading utilities M&A adviser with unrivalled experience in the Nordic region
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