Apurva Shah

• FlatWorld Capital’s investment strategy is to invest in North American business services companies with revenues ranging from $25-200M and implement offshoring strategies, mainly to low cost countries such as India – to improve operating margins and expand revenue potential by tapping into rapidly growing Asian economies. • Responsibilities include sourcing new deal opportunities, developing financial models, conducting company due diligence, developing value-added operational strategies for potential p

• Took a unique approach in covering the IT Services sector by spending 75% of my time in India, gathering differentiated data points and interacting with company management. • Initiated coverage of Patni Computer Systems and Cognizant Technologies. • Published a weekly product called The Subcontinent Scoop, which included discussions on the latest company and market trends from data points gathered directly from India. • Regularly interacted with U.S. institutional clients. • The firm subsequently shut

• Coverage universe of 15 companies included eBay, Amazon, Expedia, and InterActiveCorp, among others. • Developed bottoms-up company and industry models. • Regularly interacted with institutional clients, senior company management and industry insiders. • Took lead role in the initiations of Priceline, Overstock, GSI Commerce and 1-800 Flowers.

• Lead associate covering Imaging Technology companies where analyst was ranked #1 according to the Institutional Investor Survey in 2002 and 2003. • Coverage included HP, Dell, Lexmark, Xerox, and Kodak among others. • Developed financial models on companies under coverage and wrote industry/company reports.

• Global Sector Specialist for Insurance and REIT Industries. • Wrote sector-focused research reports focusing on value-based metrics such as ROIC, Economic Profit.

• Helped structure collateralized credit facilities with senior bankers for high net worth clients. • Worked with Credit Research on developing models for calculating equity lending values.

Finance, Accounting