At Euro-Phoenix, we combine the best of international expertise and local market knowledge. Our multi-dimensional perspective on transactions and our Central European presence enables us to understand and serve our clients better.

Les Nemethy

CEO Mr. Nemethy has more than 20 years of experience in M&A, investment banking, Private Sector Development and law. As an Undersecretary of State for Hungary, Mr. Nemethy managed all transactions occurring in the Hungarian Privatization Agency. He was responsible for a staff of 150 and approximately $1 billion of annual privatisation revenues. As a Senior Private Sector Development Specialist at the World Bank, Mr. Nemethy worked throughout the world developing privatisation programs, reforming regulatory structures and attracting investment capital to sectors including heavy industry, mining, energy, telecommunications, transportation, and capital markets. In addition to his privatisation experience, Mr. Nemethy also served as CEO of the second Hungarian telecom operator, Matel Ltd., which today is Invitel. In 1999 Mr. Nemethy founded Euro-Phoenix and has since managed transactions in nearly every Central and Eastern European country. Mr. Nemethy holds degrees in Law, Economics, Political Science and a Masters of Business Administration from leading universities in Canada. Mr. Nemethy recently completed a term as President of the American Chamber of Commerce in Hungary, and has written and spoken extensively on the subject of national competitiveness. He speaks English, Hungarian, French, Russian, German and Spanish.

Iain McGuire

Managing Director Mr. McGuire is the Managing Director for Euro-Phoenix Croatia and has over 33 years of corporate finance experience of which 13 years have been in Central and Eastern Europe. Mr. McGuire has had extensive experience in M&A activity, financing, international tax planning and due diligences. He was previously the Tax and Legal Services Partner in PricewaterhouseCoopers in Zagreb, Ljubljana and Budapest. During his years in PricewaterhouseCoopers he was involved in a wide range of M&A projects, including the privatisation of a state owned power station acquired by EDF; the acquisition of Keckemet canning factory by Heinz, the acquisition of state owned tobacco company by Philip Morris; the post-acquisition structuring of the largest CEE pharma group acquired by a US Pharma group. In addition to his experience with PwC, Mr. McGuire was advisor to the Finance Minister in Sierra Leone, West Africa, as part of a long term World Bank project on total restructuring of all aspects ofthe Ministry of Finance. Mr. McGuire holds a degree in Economics and speaks English and French.

Andras Hanak

General Counsel Mr. Hanak has considerable privatisation and regulatory experience in Central and Eastern Europe. In his 17 years in the region, he has served as legal counsel at Squires, Sanders & Dempsey in Hungary and also held the position of Managing Lawyer at Dewey Ballantine in Budapest. He has extensive expertise in project finance including the drafting and negotiating of contracts on both the buy side and sell side of transactions. Mr. Hanak has advised governments on the restructuring of major industries with specific emphasis on the telecommunications sector, and has provided legal insight on multiple tender processes throughout the region. Mr. Hanak holds a law degree from the University of Pennsylvania. He speaks English, Hungarian and French and currently resides in Budapest.

Marius Manoiu

Country Manager, Romania Mr. Manoiu has over 15 years of experience in M&A, investment banking, management consulting and enterprise management. Marius Manoiu has managed or been involved in over 50 successful transactions in Romania and neighbouring countries. These include the flag-ship privatisations of two of the largest domestic electricity distribution companies: Electrica Moldova and Oltenia, and the second round of privatisation of Romania’s fixed-line operator Romtelecom. Along with many other deals, he was also involved in the privatisation of Alro, the largest aluminium smelter in CEE, as well as the acquisition by Gaz de France of the largest Romanian gas distributor. In addition to his privatisation and M&A experience, Mr. Manoiu also served as Executive Vice-President with one of the largest Romanian chemical companies. In early 2009 Mr. Manoiu joined Euro-Phoenix, and has since either managed or been involved in all the firm’s mandates in Romania, as well as in selected neighbouring jurisdictions. Mr. Manoiu holds an MSc in Applied Electronics from the Bucharest Technical University and a Masters in Business Administration from the National School of Political and Administrative Studies. He speaks English, Romanian, French and Italian.