A good example of a buyout transaction is the acquisition of 3 Actebis companies in CEE. We won competitive bidding process with Ingram Micro and TechData, among others, due to attractive structuring of transaction and negotiating skills, not price. We have performed due diligence, negotiated and signed a €58 mln LBO of 6 Actebis firms in Denmark, Poland, Norway, Czech Republic, Sweden, and Slovakia with revenues of €1.8bn and CAGR of 25%. We have raised €300mln acquisition (senior debt, bullet bonds with warrants & PIK mandatory convertible notes with call & put options) and working capital financing, including factoring, from institutions in Poland and Denmark during sub-prime and LBO crisis. We closed the deal with German sellers without Scandinavia, which MCI never intended to acquire, saving €4.4 mln on foreign exchange due to optimal timing of closing.