Key Team Members

Martin Paev, CFA – Chairman, SORTIS Group

16+ years of asset management, investment banking and M&A experience gained at ING Barings investment bank in Frankfurt/Main (Germany), ETEBA (the investment banking arm of National Bank of Greece), Balkan Advisory Company (an independent investment banking boutique in Europe).

Structured the first Real Estate Investment Trust in Bulgaria (TBI-BAC REIT).

Established SORTIS Invest, an investment banking boutique, in November 2006.

Educated in Bulgaria, the Netherlands and Germany, Master’s Degree in Banking and Finance and a Bachelor’s degree in Business Administration. CFA® Charterholder, a former Board Member of the Bulgarian CFA Society.

Mr. Paev is a regular speaker at private equity and investment conferences for Central and Eastern Europe.

Ludmil Garkov, CFA – Managing Director, SORTIS Invest

15+ years of experience in corporate management, private equity and advisory, including 10 years in the financial advisory department of Deloitte, where he was involved in cross-border transactions of more than $3B in financial services, energy, telecommunications and manufacturing. Mr. Garkov has also led or supported as key expert a number of due diligence, strategic and regulatory advisory and negotiation support projects in the energy, infrastructure and TMT sectors in Bulgaria, Romania and Albania.

Private equity background in Saffron Holdings (UK PE boutique operating in Bulgaria) and the Bulgarian Post-Privatization Fund (a private equity fund dedicated to Bulgaria and sponsored by the EBRD), gave him substantial managerial insight as well as a view on corporate activities throughout the value chain. He has also gained experience in senior management positions at client-oriented manufacturing, construction and service companies.

Selected clients: CEZ, Enel, Dalkia, BNP Paribas, Rothschild, FATA  Assicurazioni, AXA, Daily Mail Group, Turk Telecom, Oger Telecom, Cable Partners, Mobiltel, MOL.

Certified Financial Analyst (CFA) and member of the CFA Institute (US) and the Bulgarian CFA Society. Master in Energy and Environmental Economics and Management (MEDEA), Eni Corporate University.

Dimcho Dimitrov – Associate Director, SORTIS Invest

7+ years of experience in deal sourcing, management and execution of client engagements, financial modeling, transaction documents preparation, structuring investment cases, developing relations and communication with financial and strategic investors.

Prior to joining SORTIS, Mr. Dimitrov worked in Boston (USA) as Strategy Analyst with W. R. Grace & Co., a $3B public specialty chemicals company, where he provided research and analytical support for the organic and M&A growth initiatives of a $300M division.

Master of Business Administration (MBA) degree from Northeastern University, Boston, USA.