From 2009 to 2012, the Salute Advisory team provided comprehensive consulting to shareholders and executives of OAO "EMAlliance" with the aim of increasing shareholder value, as well as exiting the business with the required level of return for the shareholder.
During the above period, EMAlliance increased its revenue almost 2-fold, net profit more than 4-fold. The Salute Advisory team helped to develop a long-term strategy which included foreign expansion and partnerships with global leaders; also the conversion of minority shareholders' stakes was carried out.
The Salute Advisory team supported the company’s management in negotiations with strategic and financial investors. In 2009, negotiations on the asset sale were held with Inter RAO, still the parties did not agree on the further management of the enterprise.
At the end of 2011, 100% of EMAlliance shares were sold to the Power Machines group for $315 mln; the deal was completed in 2012 after receiving the consent of the FAS and antimonopoly authorities of the markets where the company was present (Serbia, Macedonia, Armenia, Ukraine).