RECURA Financials core advisory services are focused on Finance, providing a wide range of corporate finance and financial advisory services to international, regional and local companies working in the southern Balkans. RECURA disposes with a core team of finance specialists with western education and long term expertise in the Balkans, as well as having access to a network of specialized experts in various specific areas, required as input in our core advisory services. In serving our clients, RECURA utilizes advanced, up to date, internationally recognized approaches and models, as well as utilizing self-developed proprietary models and approaches to financial services.
Corporate Finance services provided at RECURA Financials include a full suite of advisory services including financial modeling and structuring, investment planning and evaluation, full feasibility studies, valuation services and merger and acquisition advisory services. RECURA has provided corporate finance services to a large number of clients in Kosovo and the region and has covered modeling engagements, feasibility studies and M&A transactions in a wide range of sectors.
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Financial Modeling
RECURA Financials provides a wide range of customized financial modeling services meeting the various needs of our clients, including modeling financial statements for analysis and forecasting purposes, business planning, cost analysis, scenario analysis, capital budgeting, project finance, all with the purpose of facilitating well informed decision making.
At RECURA we pride ourselves in utilizing advanced modeling techniques in combination with inputs from econometrics, operational research and corporate finance models, including Monte Carlo simulations, regression analysis and dependency measures to develop realistic assumptions as inputs to our models. These are key to developing tailored forecasting models that are customized to the specifics of the client and their operating environment, providing objective and realistic forecast for improved financial planning and decision making
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Feasibility Studies
RECURA Financials provides services in conducting feasibility studies for investment opportunities and plans of various sizes and a wide range of sectors. Our work in conducting the studies is very detailed and focused on the financial aspects, however also looking in detail at every aspect of the proposed projects, including the current position of the client, market development stage and trends, business environment factors, specifics of products and services, operations, and technical technological aspects. In providing this service, RECURA utilizes its in-house financial experts team, as well as depending on the specific sector and project requirements, its network of a wide range of external contracted experts in various specific sectors, including among others economists, lawyers, engineers, agronomists, retail specialists, quantitative market research agencies and communication and marketing specialists, whose expertise is utilized in providing a full-fledged high quality service. Further, through our continually growing database of information on various sectors as well as our unparalleled access to both public and non-public data sources, we provide the most comprehensive picture of the operating environment where the project is planned for. We analyze the feasibility of each project from various aspects, including financial, operational, business, market, schedule and operational. In performing financial analysis, we build tailored complex financial models that take into account a large number of factors and assumptions, while utilizing various business, market and econometric techniques and approaches to attain as accurate as possible forecasting results, while always maintaining a generally conservative approach to ensure that our advice is accurate and can withstand the test of time even in bad roll-out scenarios.
We have built a very high level of expertise and experience in performing feasibility studies and this covers a large number of sectors of the economy as well as projects of various sizes. We have worked with the largest regional and local companies in performing feasibility studies for projects in domestic as well as international markets.
In addition to conducting feasibility studies, RECURA Financials provides additional services in soliciting external investments for feasible projects from various investment sources. We have established working relationships with various development banks, private equity and venture capital funds as well as private investors. For more information on investment solicitation services please click here to be forwarded to a more detailed description of the service.
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Financial Due Diligence Services
RECURA Financials has extensive experience in providing financial due diligence services to investors, whether institutional or private investors. This experience covers conducting due diligence engagements in large and established corporations as well as smaller younger companies. Our technical expertise is coupled with market knowhow and insight as well as general business due diligence approach to provide a comprehensive analysis of targeted investment recipients. Our presence and engagement in the region, bringing with-it the understanding and knowledge of the business environment dynamics, together with a high level of technical financial expertise provides an unparalleled insight and analysis that facilitates informed and objective decision making of investors.
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Equity Valuation Services
RECURA Financials provides on-demand Valuation services of target firms for the buy or sell side. By using the most theoretically advanced and proven valuation models and ratios used in the financial industry and at the same time providing additional insight by utilizing the market know-how in the region. Whether the valuations are required for orientation purposes, evaluating a sale or purchase offer, whether required by company owners or institutional investors, RECURA Financials specializes in delivering objective and independent opinions providing integrity to the service and facilitating transactions.
When providing valuation services we use a combination of sophisticated valuation techniques including cash flow based techniques of equity and full value valuation (Dividend based, Free Cash Flow, Abnormal Operating Profit valuation models), asset based valuations to multiple based valuations using region specific market data for estimating the multiples, and combining this with an understanding of the implications of existing and planned financial structures and tax issues.
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Financial Structuring
RECURA offers advisory support in developing tailored financial structures to meet the needs of client’s at different stages of development and facing various financing and investment challenges. Our financial structuring advisory provides an integrated approach by introducing a financial dimension to the overall business and transaction approach. This includes customization in terms of the nature and size of transactions, sources of financing, financing options and combinations of financial instruments, cash flow targets, cost benefit analysis, as well as the practical, tax, legal and regulatory framework; which is then optimized to provide the most optimized financial structures.
We help our client’s reduce their cost of capital, optimize their financial structure, manage their risk, streamline financial performance, boost operational efficiency, maximize cost efficiency and strategically approach their financial challenges.
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Mergers and Acquisitions
With its highly trained and experienced staff as well as an extensive network of service providers, RECURA offers a complete solution to any merger or acquisition endeavor. RECURA has built a relatively large experience in M&A processes in Kosovo, Albania and Macedonia, being involved in over ten deals over the last two years, with both regional and international parties.
We facilitate M&A activities by performing due diligence analysis, valuation and intermediation services by utilizing the financial and management expertise in our team, as well as utilizing our network of partner external experts and companies with a focus on legal and technical issues, to provide a full suite of M&A services. RECURA offers a one stop shop for interested parties in M&A.
Through our excellent contacts in the business world in Kosovo, Albania and Macedonia, we provide additional services in identifying potential high value targets in the Balkans. Additionally, through our international partners we provide services in identifying potential investors into existing successful businesses.
Our Portfolio – Public Private Partnerships
Our Portfolio – Local Governance
Our Portfolio – Public Private Partnerships
Our Portfolio – Waste Management
Our Portfolio – Transport and Mobility
Our Portfolio – EU TA Mitrovica Multipurpose Facilities
Our Portfolio – USAID AGRO
Our Portfolio – M&A Advisory
Our Portfolio – Post-investment Monitoring
Recent News
- Business Chambers Study Effect of COVID-19 on Kosovo BusinessesBy Bersant Disha on April 21, 2020
- Notice based on current situationBy Bersant Disha on March 23, 2020
- Book of Commodity Management Processes implemented by Recura FinancialsBy Bersant Disha on December 10, 2018
RECURA
RECURA Financials is a Kosovan advisory services provider focusing on providing business, financial and management consultancy in Kosovo, Albania and Macedonia.