Investing - Brookfield Asset Management

Investment Environment – Europe
• We have been building our presence in Europe for three years with few
transactions ti to date, but waiting for the right opportunity
• While the ongoing sovereign debt crisis has created considerable paralysis, it has also created
urgency and distress that proactive owners will have to respond to
• We are particularly focused on European owners or financiers of infrastructure and energy
businesses in Latin America
• We are also working with a number of local entities to acquire assets or assist them recapitalize
• Our ability to acquire on a value basis provides a greater margin of safety for investing in
continental Europe
• Like always, the pay-offs could be significant but they are not without risk – the number one,
a Euro break-up
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| Brookfield Asset Management Inc.