About ARCELAND

ARCELAND MANAGEMENT is a specialized fund and asset management entity based in Sofia, Bulgaria. The company was formed in 2006 to expand upon the successful investment activity of EuroCapital Finance in Bulgaria, which operated the same team as of 1999 and had managed US$250 million of foreign investments on a case-by-case basis. It has since become a highly qualified western-oriented asset management team using ‘best practices’ to attract investment funds from worldwide institutional investors with interest in the region. Initially Arceland successfully solicited and deployed over €82,000,000 (US$110 million) in assembling and entitling prime real estate in Sofia. In 2008, the company expanded its scope and team in order to develop residential, income producing and "green energy" platforms to take advantage of the re-pricing of these assets resulting from the international credit crisis.

In 2009 the company raised additional equity in order to acquire and manage distress real estate assets and entered to a green energy investment consortium with major firms. Currently the Arceland’s total assets under management are in the level of €300 million (around US$400 million). In 2010 and 2011, Arceland organized an NPL management platform in order to take advantage of the corporate workouts in the banking sector in Bulgaria and the region.

ARCELAND is comprised of 20 professionals from the US, Greece and Bulgaria. It operates its head office in Sofia and has affiliate offices in Athens and Boston.

Creation and History of ARCELAND – 10 years of continuous success.

Arceland's activities in Bulgaria are based on the successful experience of EuroCapital Finance SA and the management team which it created between 2000 and 2006. Arceland was formed at the end of 2006 and absorbed the existing operations and staff of EuroCapital. The key milestones in the company’s growth include:

1999	Christos Mouroutis, together with other investors, forms BITEX (later EuroCapital Bitex) in order to take advantage of the emerging telecom market in Bulgaria. More than €5 million is invested in this entity.
2000	Bitex participates in EU telecom market research programs.
2002	EuroCapital Finance SA is created by US investors and Christos Mouroutis as an investment and consulting company.
2002	EuroCapital Finance SA is created by US investors and Christos Mouroutis as an investment and consulting company.
2004	EuroCapital Bitex becomes public in the Main Market of the Bulgarian Stock Exchange.
2002 - 2006	EuroCapital Finance SA becomes one of the leading Bulgarian companies in attracting new FDI activity in the Bulgarian real estate market. Over €150 million (US$230 million) is invested with the management of EuroCapital and some of the country’s largest real estate acquisitions are managed by the company for a number of international investors. The projects included the assemblage and sale of a 160 thousand sq. meters land asset at the Sofia airport to “Tisham Lindner” with leverage provided by Emporiki Bank Greece and the major assemblage of 300 thousand sq. meters for the Greek company “Danaos Development” of Dr. John Coustas, which later included the IKEA development in Sofia and will also include the Ring Mall project.
2007	EuroCapital and leading US and GCC region investors form “Arceland Development” as a real estate asset management platform.
2007 - 2009	Arceland Development deploys €82 million (US$110 million) to assemble and entitle nearly 450,000 square meters of prime real estate in Sofia; entitlement efforts by the company add over 130,000 square meters of buildable area to these assemblages at no additional cost.
2009	Restructure of the Management Company: Curtis M. Coward, Christos Mouroutis, Dobrin Ivanov and Dimos Charakidas become the principal partners of the management operation, under the name “Arceland Management”. Curtis Coward is elected as the CEO by the other partners.
2009	Creation of the ADP platform with the aim to invest €100 million in equity and leverage in the Sofia NPL residential apartment market.
2009	Creation of the Income Producing Property platform with the aim to acquire prime income making properties in Sofia with a total value €100 million.
2009	Creation of the Arceland’s Green Energy Platform with the aim to invest €50 million in equity in Bulgaria and Greece, exclusively in renewable energy projects (solar, wind, geothermal and hydroelectric).
2009	Creation of the AgroLands.com management operation in NE Bulgaria (Russe), continuing the successful ownership and management of 1000 hectares of agriculture land by EuroCapital Finance. The purpose of this operation is to add management of 2500 additional hectares to Arceland’s portfolio, under the AgroLands.com program.
2010	EuroTarget, the group’s accounting and corporate management company is renamed as Arceland Finance. The company opens up in the corporate services sector, following a successful career of around 8 years. New services are added as the formation and management of Bulgarian companies and the organization and financing of production in Bulgaria. Due to the high interest of Greek investors, the company decided to provide information in Greek as well it its specialized site www.eurotarget.bg.
2010	Creation of a joint venture consortium together with the leaders of the Bulgarian Energy Market “Energoremont Holding JSC”, the metal-frame company “Metatron” and the boutique PV design firm “Solar Systems” in order to undertake and manage large renewable energy projects in Bulgaria and the region. Arceland Management has created its own portfolio under the name “Arceland Energy” with a pipeline of directly owned or controlled PV projects with total size 68.5 MW and negotiates some 160 MW in EPC/O&M services for third parties, in Bulgaria. The consortium is called Green Energy EPC and has the ability to develop 500 MW of PV projects in 1 year, thanks to the availability of specialized personnel.
2011	Arceland together with its investors from the US, creates the investment platform D-Plan with the aim to acquire corporate NPLs from the Bulgarian and the regional banks and develop a business workout for each one of them. Arceland also acts as a corporate adviser to banks and their companies on their workout procedures with their NPLs which are related exclusively to medium and large size businesses.
2012	Arceland Finance, with the support of the legal framework introduced by the Greek Government, establishes the platform SCHENGEN VISA FREE with the aim to attract investors from third markets to choices which will involve investments in Greece and allow them to receive a VISA FREE white card for them and their families for the entire period of their investment. The program primarily targets investors from the GCC countries, Russia, Kazakhstan, India, Pakistan and China. Arceland Finance publishes the information in www.arceland.eu.