Serbian Private Equity Association

* Advocating the PE & VC industry in Serbia

About SPEA…

*Founded in October 2010

*Patron, Individual, Corporate, Honorary members

*Investors

*Lawyers

*Corporate finance professionals

*Consultants

*Entrepreneurs

*Professors

History…

People at SPEA

*Board of directors *Research Center

*Nikola Makojevic

*Executive office

*Mina Miletic

*Vuk Guberinic

SPEA is about…

*Point in the right direction

*Advising

*Recommendations

*Not a facilitator of transactions

Serving the Industry

*Raising awareness of PE in Serbia

*Best practice

*Education

*Networking

Area of Expertise

*SPEA Events

*Summer Cocktail

*Access to Finance

*Angel Investor training

*Glass of wine

*Distressed Assets

*Startup Weekend

*Open to join

*Beli Dvor

*Klub Privrednik

*SBAN

*BkVf

*Kopaonik summit

*PKS

PE Industry

*Private Equity? Risk capital?

*Alternative form of financing

*Risk taking

*Share of risk and reward

*Long term partnership

*Not a grant, not a loan

*Later stage investment

*Growth oriented investor

*PE funds

Private equity in Serbia

- Since 2003

- Active funds, practitioners looking for investments

- Current case – Easier to fund bigger investments 5M or more

*SPEA Research report – Key findings

*www.SPEA.rs