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| July 2010 |
Dear Friends, Clients and Colleagues, |
We would like to welcome Geoffrey L. Berger, Managing Director, and Tony K Tan, Director, as the latest additions to our senior team. Geoff and Tony together bring to us significant depth not only in the financial and operational management of investee companies, but also in the capital markets and M&A space. Geoffrey joins us as Managing Director and General Manager of our Brunei office. In this capacity he will play a leading role in managing the Imprimis Strategic Investment Corporation (“ISIC”). Tony joins Imprimis as a Singapore-based Director in our corporate advisory team. His experience prior to Imprimis is highly relevant to providing financial and investment advice to our corporate clients.
Imprimis continues to reap the benefits of a balance of activities in Investment Management and Financial Advisory with recent highlights from both activities including the following: |
Investment Management
Despite the challenging markets before it, Piper Aircraft has made great strides in developing new products and penetrating new markets, particularly Asia. We are proud of the resiliency of Piper’s business model and will continue to invest in its management and infrastructure. Furthermore, we plan to invest in Piper’s clients. At our most recent investment committee meeting, Imprimis approved the formation of Piper Capital as an investment vehicle for credit and equity instruments issued by Piper Aircraft’s dealers and institutional clients. Piper and Piper Capital comprise the core of the ISIC portfolio and we look forward to supporting these two companies and to adding new members to this portfolio in due course.
Our other investment subsidiary, the Asian Finance and Investment Company (“AFIC:”) continues in its wind down mode and should be fully liquidated by the end of 2010 and possibly early 2011.
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Financial Advisory
On the Financial Advisory front, we continue to build upon our focus in the ASEAN region and as a trusted advisor to governments and family conglomerates. We are currently involved in executing mandates in the power generation, consumer goods, and commodities sectors, and are further developing our pipeline of deals as our clients seek innovative acquisition and financing strategies in an increasingly volatile market.
We are pleased to see that despite Imprimis’ modest size, our clients consistently return to us for the thorough, objective, and insightful advice to which we commit ourselves for each unique situation.
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Yours sincerely,
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| Stephen W. Berger |
Joseph A Gotuaco |
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