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Mitja Sadar

VP Finance at Grover

Frankfurt, DE

1

Office Hours

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About

Entrepreneur by heart, banker by training, salesmen by passion - 10+ years of relevant experience in Investment Banking and European Startup Scene Over €250m equity and €1bn asset backed debt raised #Fundraising, #structuring, #setting up processes, #controlling

Ask me about
Moss
debt
equity
asset based funding
SPV
venture loan
fundraising
scale-up
start-up
Work experience
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Feb 2021 - Present

Grover

Vice President Finance

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Oct 2020 - Present

Grover

Global Head of Finance and Treasury

Accounting Finalise implementation of accounting setup (Accon - SAP B1 - Lucanet) Automate accounts payable process (Invoice registration, payrun) Review and Streamline existing processes Build a strong team Controlling Set up revenue, cost and asset controlling Implement proper checks and controls (cost committee, budgeting) FP&A Build department from scratch Debt Management Raised €250m Asset backed debt, across several facilities Mezzanine / Venture loan debt Ongoing management of the existing SPV’s Treasury Build model for liquidity planning Streamline daily cash balances process Set up and run SPV reporting Optimise asset valuation process Built department from scratch

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Sep 2018 - Oct 2020

Grover

Director, Head of Treasury and Debt Management

Responsible for raising new debt facilities (mostly securitization - 2 deals closed, 1 under negotiation) as well as their day to day management (controlling, reporting and drawdowns), management of cashflows and cash projections as well as stakeholder relations (debt investors, credit rating agencies, banks etc.), supporting / advising on procurement and accounting as well as business planning topics

Jun 2017 - Jul 2018

IKB Deutsche Industriebank AG

Associate, Consumer and Retail

 Managing the creation of Pitchbooks and other marketing/ pitching materials  Valuing the companies and providing opinion on their strategic positioning within their relevant markets  Providing strategic sector insight to other departments (M&A execution, leverage finance, corporate structured finance)  Acting as a sparring partner with sector knowledge, fresh ideas and insights to MD’s

Jan 2015 - May 2017

Kreditech Holding SSL GmbH

Lead Corporate Finance

Equity and Debt Fundraising (over €220m equity raised) Asset backed funding and asset monetization Day to day management of securitization vehicles (with total capacity of over €200m) Liquidity forecasting Business planning

Feb 2014 - Dec 2014

EquityGate Advisors GmbH

Analyst

 Cross-sector role, with particular focus on Shipping and Paper & Packaging  Preparation of profiles, short & long lists, managing data rooms  Company Valuations (Comparable transactions, peer group and DCF)  Creation of marketing and pitch materials (Teasers, Information Memorandums)  Modelling  Sector research reports

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Sep 2013 - Jan 2014

Various Companies

Series of small consulting projects

Market research - Mobile Services offering in several EU countries

Jul 2013 - Aug 2013

Travelling

Sabbatical

Travelling in Russia, learning Russian

Feb 2010 - Jun 2013

Royal Bank of Scotland

Analyst, International Banking & Markets

Analysed the target company and identified key areas of potential unwanted overlap, steps that can be taken to mitigate it, as well as potential other buyers that could make a bid Created Factset models for Peer Group Analysis, decreasing the time to prepare the overview to a few seconds (after peer group companies are identified). Have built similar model for Working Capital analysis Obtained Earnings Estimates from Bloomberg, which I further used as an input into the LBO model, ensuring that the output was more defensible when challenged. Managed the “in-bank part” of the relationship with 3 EMEA Regional treasury centres of Fortune 500 companies, enabling Senior bankers to focus on client relationship and freeing up their time for client acquisition & cross-sell Created a monitoring database for Borrowing base certificates (which, depending on file, I obtained from either DebtDomain or Intralinks), enabling us to spot any material deterioration in clients performance before it seriously impacted its creditworthiness Assisted senior relationship bankers with preparation of product pitches & analysis, leading to new deals

Jun 2009 - Feb 2010

C6 Intelligence Information Systems

Research Analyst (Western Europe and Scandinavia)

Oversaw a team of 2 assistant to fully complete Tier 1 and Tier 2 PEP (Politically Exposed Persons) coverage of France, Germany and Scandinavia

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Sep 2008 - Jun 2009

Various Companies

Sales

Series of small jobs and projects to survive after the aborted launch of the Startup

Nov 2007 - Sep 2008

Startup in Stealth Mode

Co-Founder

Working on an innovative investment product that would harness the power of Forex market coupled with stability of the property market - after collapse in property prices, launch was abandoned

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Jun 2006 - Nov 2007

Techteam

Analyst

Working in Europe Direct consumer information service of the European Union

Education

2006 - 2006

Vrije Universiteit Brussel

Erasmus Student Exchange programme, Masters of European Integration

2002 - 2008

Univerza v Mariboru

Univ. Dipl. Oec (Master's degree equivalent), Applied Economics

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