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GILD Bankers Latvia enhances capital raising and transaction advisory capacity with Modris Dzelstiņš

Matīss Paegle, Head of GILD Bankers in Latvia, is confident that the latest addition to the expanding team will strengthen their position in both the local and regional market: “We are truly glad to welcome Modris as a member of our ambitious team. In his leading corporate banking positions at international commercial banks, Modris has secured a broad experience and network of leading business contacts in various sectors. GILD in Latvia has committed to expanding our range of investment banking services, and with Modris on board, leading the work on capital raisings and financing solutions, we can finally put some of our contemplated plans into practice.”

Modris comments his joining the GILD Bankers team: ”I am excited to join the GILD Investment Banking team that has not only the largest M&A team in the Baltics, but also a tremendous advantage and potential in finding novel financing strategies from equities to other asset classes.”

Modris has held management positions in the corporate banking divisions of UniCredit Bank (former HVB Bank Latvia) since 2000. In these posts his key areas of responsibility included originating and executing deals involving ports, terminals, railway companies, port operators, manufacturing companies and also trade finance with a focus on Baltic, Russian and Eastern European clients.

Modris has acquired a higher education degree in Business Administration in the Baltic International Academy. Currently he is enrolled in the MBA programme of the Baltic International Academy and Executive MBA studies at Riga Business School.

GILD Bankers is an independent investment bank in Emerging Europe with a leading position in the Baltic countries. Our core services are management of alternative funds, investment banking and private banking. GILD has offices in Estonia, Latvia, Lithuania, Ukraine, Bulgaria and the United Kingdom, and our area of activities and investments extends to all emerging economies in Europe and its vicinity.

The GILD Alternative Funds team specialises in tailored and active investments. Assets under management in GILD Arbitrage, the first and only Baltic hedge fund, GILD Long Haul private equity funds and GILD Real Estate funds amount to nearly EUR 150 mln. GILD active investment funds have provided consistent average annual returns of 21-29%. GILD Alternative Funds unit is a member of AIMA, the Alternative Investment Management Association, that has 1280 corporate members worldwide, based in 49 countries.

The GILD Investment Banking team focuses on mid-market M&A advisory and capital-raising transactions. Since 1999 our team has advised and successfully completed more than 125 transactions with a combined value exceeding EUR 2.8 bn. In 2007 our Investment Banking team was involved in 17 advisory projects in the total value of over EUR 380 million. GILD Investment Banking unit is a member of M&A International Inc., a global alliance of 41 independent M&A advisory and investment banking firms in 39 countries. In 2007 M&A International members closed over 380 transactions worth more than EUR 14 bn.

The GILD Private Banking team offers flexible and personalised private banking services. Our "total assets" private banking concept incorporates private wealth management, alternative investments, corporate finance and a variety of legal and tax advisory services.

According to audited financial results, in 2007, the GILD Bankers Group (AS GILD Professional Services) generated consolidated net fee and commission income of EUR 8.6 mln and tripled net operating profit to EUR 5.2 mln.


For additional information, please contact:

Matīss Paegle
Head of GILD Bankers Latvia
E-mail: matiss.paegle(at)gildbankers.com
Tel: +371 266 888 68

Modris Dzelstiņš
Director at GILD Bankers Latvia
E-mail: modris.dzelstins(at)gildbankers.com
Tel: +371 29 444 486

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