It All Started in 2015…
Nurbek and Darryl became long-time friends after joint collaborations when Nurbek worked as a Director at Macquarie Infrastructure and Real Assets team while Darryl was a CEO of Deloitte Central Asia.
During one of the coffee meetings, they decided to set up a financial advisory firm with a goal to help private sector clients successfully raise capital, restructure difficult situations and to leverage all political and business network to deliver better results for clients.
Fast forward to 2018, WhiteHill has become a recognized mid-market investment banking and financial advisory firm focusing on Central Asia, namely Kazakhstan, Uzbekistan, Kyrgyzstan and Russia.
As an independent investment bank specialized in emerging markets, we serve corporations, international financial institutions (“IFI”) and governments both central and local.
FOUNDED IN: 2015
FOUNDED BY: Nurbek Rayev & Darryl Hadaway
LOCATIONS: Astana, Moscow, Frankfurt & London
CLIENT LOCATIONS: Central Asia & Russia
IN A NUTSHELL: We are a mid-market investment bank delivering best valuations and raising capital for our clients. We focus on infrastructure, manufacturing, agriculture and service sectors.
“Real People. Solid Backgrounds. Great Experience. Tangible Results.”
what truly sets us apart
Meet the Crew
Say hello to our team, each a master of their respective field.
Prior to co-founding WhiteHill, Nurbek was a Director at Macquarie Infrastructure and Real Assets, a $630m infrastructure fund focused on infrastructure investments in CIS in energy, transportation sectors. He was a Managing Partner at Al Falah Partners, a $500m private equity fund targeting energy investments in Kazakhstan.
His public sector career includes a post of a Vice-Minister of Industry and Trade of Kazakhstan in charge of development of 5-year Industrial Plan of Kazakhstan.
Prior to the Ministry, he held a position of a Chairman of the National Innovation Fund, a state-owned fund of venture capital funds. While serving at the National Innovation Fund of Kazakhstan, he led a 5 mln USD investment in Vertex Ventures, which then successfully invested and exited from Waze that was acquired by Google for 1.1 bn USD.
Nurbek Rayev holds MBA degree from Chicago Booth School of Business. He speaks Kazakh, Russian, English and Spanish.
Joseph joined WhiteHill after five years with the International Finance Corporation (IFC), the private sector arm of the World Bank Group. At IFC, he was responsible for expanding the infrastructure advisory department and, subsequently, the newly formed corporate finance unit unto Central Asia. Prior experience includes several years with the fund management division of Macquarie Bank, where Joseph has engaged in M&A and capital markets transactions in the infrastructure sector.
Joseph is a graduate of Oxford University, and has been called to the bar in New York State.
До WhiteHill Эндрю был управляющим директором Alvarez & Marsal в течение шести лет, где он возглавлял несколько крупных европейских корпоративных реструктуризаций. Он занимал роли в нескольких из этих реструктуризаций в качестве ключевого сотрудника или в качестве неисполнительного директора в советах реорганизуемых предприятий.
Ранее Эндрю был европейским руководителем кредитного плеча и управлял портфелем высокодоходных облигаций, включая реструктуризацию агентств в течение семи лет в Goldman Sachs в Лондоне и восемь лет в UBS AG в Цюрихе, Лондоне и Сиднее.
Эндрю начал свою карьеру в Канаде с CIBC в Калгари, где он отвечал за реструктуризацию и возврат кредитов по портфелю неработающих кредитов для предприятий среднего бизнеса в нефтяном, сельскохозяйственном и туристическом секторах.
Эндрю окончил со степенью бакалавра в Королевском университете в Канаде в 1981 году. Впоследствии он окончил МВА в бизнес-школе Ричарда Айви в Университете Западного Онтарио в 1991 году.
Prior to joining WhiteHill Alexey was at management positions in key Russian companies in consumer sector, insurance, mining and financial sectors. His served at Russian Venture Company, a state-owned fund of venture capital funds at various positions and eventually managed the company as a General Director. His experience also includes coordination of regional offices at the Russian Fund of the Federal Estate under the Government of the Russian Federation.
Alexey Kuzmin holds a graduate degree from Financial Academy under the Government of the Russian Federation with major in Finance.
Prior to WhiteHill, Dauren worked as a member of the Supervisory Board of KBI Energy LLP, Kazakhstan’s largest group of energy construction companies, where he was involved in the management of investment projects, including the acquisition of electric power assets during the privatization of quasi-public sector companies.
Dauren Baimagambetov worked for more than 5 years in JSC “Samruk Energy” (the largest multi-profile energy holding with more than 32% of the installed capacity of Kazakhstan power plants), where he held the posts of the Chief Business Transformation Director, Managing Director for Finance and Economics, Deputy Chairman of the Board of the largest REC Kazakhstan JSC AZhK; (provides electricity for more than 2.5 million people in the territory of Almaty city and Almaty region).
Prior to joining Samruk Energy, Dauren worked for a long time in private structures, managing investment and M&A projects. In particular, under his leadership, was launched one of the first successful PPP projects in Kazakhstan, the Interregional Transmission Line North Kazakhstan-Aktyubinsk Oblast (JSC “Batys Transit”), worth more than $ 150 million.
Dauren Baimagambetov has degrees in finance and law (University of Narkhoz and KazNGU after Al-Farabi).
Fluent in English, Russian and Kazakh.
Why We’re Different
The Backgrounds: We are different solely for the reason that the founding of WhiteHill did not come from those with consulting or banking backgrounds. We came from the investments and operations realm.
What does that mean? We are rooted in numbers and results. We do not produce tons of paperwork that’s then used for shelf and dust.
We produce dynamic financial models and investment memos that reflect the situation in real time today to achieve the highest valuation possible for our clients.
Why? Because we make business decisions solely on our belief that we are here to help clients grow at a value that is fair to both parties.
Fees: Our fees are aligned with our clients, most of our fees we make only on successful deal closure. We are always chasing a better experience for our team here and clients we work with. We believe in educating our potential clients and having them make informed decisions.
Investors: Everything we do, we always coordinate with investors in each particular industry to ensure that the deal is funded.
ROE: Whether or not a client chooses to go with us, we will still sit with them and run the ROE and financial viability of their project. What clients don’t often understand is that their deal can be executed at many different levels (aka price points). But at each level down there are trade-offs.