Rafay Mushtaq

• Screening & Investment Analysis: Screened 100+ investment opportunities; evaluated strategic fit,
conducted industry and market research and return analysis (IRR / MoM, Payback Period) to support deal
selection. Creating financial models and performing valuation analysis of target companies based on different
methodologies (DCF & multiples etc.). Preparation of investment memorandum & other materials for the
investment committee alongside drafting transaction documents i.e. term sheet, head of terms, LOI & SHA.
• Proficient in various financial intelligence platforms incl. Bloomberg & Capital IQ
• Sectors Evaluated: Industrial Manufacturing (Pharma, Steel, Fiber Glass, PVC), Technology (Edtech, Fintech),
Consumer Retail (F&B), Renewables, Logistics, Education, Healthcare Residential Real Estate & Maritime
• Deal Execution:
◦ Executed buy-side acquisition of a Qatar-based PVC/PE pipe manufacturing platform; led valuation, due
diligence coordination, and transaction execution through close
◦ Executed sell-side mandate for a Qatar-based telecommunications player; led IM preparation,
stakeholder negotiations and managed process to closing
◦ A buy side deal in the healthcare sector is in advanced stages; led valuation, NBO submission, market
research & deal negotiations with the counter party.
• Portfolio & Value Creation:
◦ Developed corporate strategy for Aamal Company (listed; USD 1.5Bn market cap), including growth
initiatives and portfolio optimization
◦ Led operational restructuring of a B2C Luxury Jewelry business, optimizing sales, optimizing payroll and
inventory management.

• End to End M&A cycle: Supported the full M&A transaction cycle, including preparation of Information
Memoranda, teasers, NDAs, process letters, financial models, non-binding offers, and other transaction/legal
documentation. Built financial models incorporating horizontal analysis, vertical analysis, and ratio analysis.
• Sectors Evaluated: Evaluated investment opportunities across multiple sectors, including real estate,
agriculture, transport & logistics, fertilizers, food & beverage, and industrial manufacturing.
• Portfolio & Value Creation: Conducted a comprehensive sum-of-the-parts valuation for Engro Corporation,
covering eight subsidiaries and applying both market-based and DCF valuation methodologies.

• Promoted twice within 3.5 years; executed 20+ valuation engagements incl. Business Valuation using DCF & comps,
Sell side advisory, Intangible Valuation & Purchase price allocation.
• Supported a sell-side mandate for an Islamic Bank in Pakistan, with primary responsibility for financial
modelling, valuation, and preparation of investor materials
• Delivered valuation engagements across sectors including Manufacturing, Pharmaceuticals, Fintech, E Commerce,
Insurance, Banking & AMCs.