latest PROJECTS
Study of SME financing options, GIZ, 2023
GIZ cooperates with the National Development Agency of Mongolia to transfer knowledge and technology to SMEs. Study was done within the framework of this collaboration.
Award-winning start-up Obortech LLC (a digital collaboration platform based on blockchain and IoT), Estonia, from 2019
Business plan and project whitepaper development, comprehensive financial modelling, revision of financial reporting in multiple jurisdictions, valuations and deal structuring at funding rounds, partnership development with multilateral institutions
The first ever, Urban Consolidated Logistics Center in Ulaanbaatar City (130 ha), 2021-2023
Development of the business plan and comprehensive financial model; deal structuring of $130M debt and equity funding from the sponsor and international investors, consultations/negotiations across stakeholders including the city government and development institutions
Multinational transportation and logistics management business M&M Militzer and Munch Group, Switzerland, 2018-2023
Advisory throughout the complete cycle of successful joint venture establishment in Mongolia – assessment of business environment, identification of opportunities, due diligences, ESG considerations, investment structuring and execution, after deal supports
Science sector expenditure review, UNDP, 2022
The review was conducted to introduce SDG aligned budgeting to the sector.
Innovative financial business Ard Financial Group, Mongolia and other Central Asian countries, 2022
Valuation of the group’s seven daughter companies engaged in innovative finance including Ard Bit, Ard Securities and Tenger systems for annual audit assurance due to International Valuation Standards.
Development of integrated strategy to finance Mongolia’s sustainable development policy in alignment with global SDG goals, UNDP, 2021-2022
UNDP promotes countries to develop the integrate strategy to finance their sustainable development agendas within the framework of global SDGs under Integrated National Financing Framework (INFF), a tool developed to leverage countries financial flows for SDG financing.
furniture manufacturer, Doloon Boldog LLC (“Kitchen all” brand), 2021-2022
Analysis and consulting on financial management to the company’s new state of the art factory built by USD $ 5M loan from EBRD including development of financial KPIs, advisory to improve liquidity and working capital management
$ 33M engineered wood manufacturer, Megawood LLC, 2018-2021
Financial restructuring, optimisation of expenses and business valuation of a $33.5M engineered wood manufacturing factory for the owner and a prospective Japanese investor.
Private sector development assessment of Mongolia, ADB, 2021
Assessment was to serve as a strategic and analytical input to the preparation of the forthcoming country partnership strategy with Mongolia by ADB and included business environment, trade/investment climate and PPP assessments, mapping of key business sectors with focus on supply chain development, roadmap to address policy and structural impediments, and recommendations to ADB
Top fashion brand entering into USA market with its biodegradable shoe lines, 2021
Valuation of the business for a Series A investor; business plan development for the international expansion
Development of guidelines and operational recommendations to strengthen reserve and liquidity management of Social Insurance Fund (SIF) of Mongolia, World Bank, 2021
Mongolia seeks to strengthen the reserve and liquidity management of the SIF and reform its pension system. The assignment was done within the framework of World Bank support to this endeavour.
The third biggest transport, freightforwarding and logistics business in Mongolia - Mongolian Express LLC, 2019-2020
Investment proposal development on environmentally friendly, containerized bulk shipment system to Rio Tinto copper mine in Mongolia including analysis of copper industry logistics system, financial modelling of break bulk vs containerised bulk system, and cost benefit analysis on environmental impacts
Group companies of electric appliances and computers distribution business, Next Group, 2019-2020
Consolidated financial analysis of the group businesses, comprehensive financial modelling of six group companies, development of financial KPIs, and advisory to improve liquidity and working capital management
Assessment and strategy development for “Research University Sector Development Program”, ADB, 2018-2020
Assignment was done to support the preparation of the $ 30M joint program by ADB and Mongolian government to develop research university sector in Mongolia.
Livestock and fodder plantation farm, Taishir Urguu LLC, 2018-2020
Development of strategic business partnership with Australia’s leading farm “Tattykeel”, advisory on financial management to improve livestock productivity and pasture management; development of financial KPIs; organisation of business trips to Australia; facilitation of business deals with Tattykeel
The first ever distressed asset private equity fund based in Mongolia ($ 15M), Silk Road Asset Management LLC, Hong Kong and Mongolia, 2017-2019
Led the project to set up and consolidate the fund – development of the business plan and operational regulations; obtaining of the asset manager’s license from regulators; valuation (LBO models) of portfolio companies; advisory on financial restructuring of those companies
The biggest state-owned bank in Mongolia, State Bank of Mongolia, 2018
Valuation for interested buyers through Government planned privatisation under discounted cash flow approach – financial sector and competitors’ analysis, management and operational analysis, cash flow and market rate projections, and financial modelling
Low emission gas distribution and logistics business, MIGS Engineering LLC, 2018
Valuation and advisory on value maximisation strategy for the deal to sell its stake to finance new storage facilities and LPG trucks
Management consulting company specialized in supply chain management and finance, Xpertlog GmbH, Austria, 2018
Review and analysis of logistics and supply chain industry in Mongolia in preparation of Xpertlog GmbH’s partnership with Mongolian freightforwarders
German Mongolian business consortium, Bluemon LLC, 2017-2018
Share valuation of a community-owned company engaged in extraction of tailings of the second biggest copper mine in Mongolia for the potential purchase by the consortium
fully automated vegetable warehouse, OSM Agro LLC, 2017
Financial analysis; comprehensive financial modelling; advisory on financial management and debt structuring to overcome financial stress caused by exchange rate risks
Meat processor, Khatan Suikh LLC, 2017
Advisory on financial management and financial restructuring to overcome financial stress and rebuild credibility with creditors; comprehensive financial modelling
ecotourism and traditional constructive toy design and manufacturing, Lord of the Steppe (“Naad” Brand) LLC, 2017
Valuation and deal structuring support to $ 0.5M Series A fund-raising; development of an advanced financial modelling of the business; support to deals with the underwriter