EFTA00755185.pdf

From: To: njeevacation®gmail.com" <jeevacation®gmail.com> Subject: Vivendi/Credit des Alpes/Pharma Date: Fri, 01 Oct 2010 15:32:49 +0000 Importance: normal Priority: normal Attachments: Agefi.pdf; Tombstone_GVT-Vivendi-Credit_des_Alpes.pdf Inline-Images: CLIP-0F2E5DD9.JPG My dear Jeff, it was really good to see you in such a good shape. I look better --but you certainly great. Be serious for a minute: Following the transaction that we closed with Vivendi (mentioned at lunch and of which I am attaching a description), another European client mandated my bank Credit des Alpes to identify a possible acquisition in the pharmaceutical and/or medical appliances and/or medical devices (practically almost anything that has to do with human health) industries. What our new client really wants to buy is Ebitda growth. Ideally 20+ % pa., which is much more likely to be found in emerging economies than around here. Good target size is Ebitda $ 200-400 with little debt (ie. a transaction value of $1.5-3bn). In my experience going through the traditional channels of my competitors investment banks has never produced anything. I thought that your ideas could be of great help to me and I'd welcome your advice. I look forward to see you in New York either on the 12th or around the 21st of October. Please let me know if you'll be there. Behave, Fabrizio Cerina Financial Times. December 10, 2009 EFTA00755185  THIS ANNOUNCEMENT APPEARS AS A MATTER OF RECORD ONLY vivendi has acquired GVT (Holding) S.A. a leading telecom operator in Brazil by way of a tender offer that valued 100% of GVT's equity approximately US$ 4.1 billion Credit des Alpes originated the proposal for the transaction and advised GVT's majority shareholders November 2009 Credit des Alpes CREDIT DES ALPES, Geneva office Tel. + 41-22-731 80 01 Fax + 41-22-731 80 77 CREDIT DES ALPES, Lugano office EFTA00755186 Tel. +41-91-9237185 direct Fax + 41-91-9231436 direct This message is intended only for the person(s) to which it is addressed and may contain privileged, confidential and/or insider information. If you have received this communication in error, please notify us immediately by replying to the message and deleting it from your computer. Any disclosure, copying, distribution, or the taking of any action concerning the contents of this message and any attachment(s) by anyone other than the named recipient(s) is strictly prohibited. Credit des Alpes SA To: EFTA00755187