Mountmill Partners
Financial and Transaction Management Advisors
Corporate and Investor Representation 

Horacio Milberg

Mr. Milberg is a highly experienced international corporate finance professional with a successful track record in managing and executing complex financial transactions, including capital raising (equity and debt), project finance, mergers, acquisitions and divestitures, and financial reorganizations. He has served as an international banker, based in New York and London, and a corporate executive, based in the United States and Latin America, including the experience as the chief financial officer and member of the board of directors of one of the few Argentina-based, publicly traded companies in the United States.

Prior to co-founding Mountmill Partners, Mr. Milberg was chief financial officer of Claxson Interactive Group, Inc. (NASDAQ:XSON). Claxson resulted from the merger of El Sitio, Inc. (NASDAQ:LCTO) with Ibero-American Media Partners and Cisneros Television Group in September 2001. His association with El Sitio began in 1998 when he was retained to assist that newly organized company in the implementation of a $40 million private placement of preferred stock. Subsequently, he was appointed CFO and secretary of the board, and became a member of the board of directors shortly after a second private placement of preferred stock and the $150 million initial public offering of the company. As CFO, he was responsible for corporate finance, compliance and corporate governance, investor relations, treasury, budgeting and planning, and managed a team of 40 professionals in seven countries. He directed and oversaw the implementation of several acquisitions, divestitures and joint ventures, including the merger process that resulted in the creation of Claxson.

During the preceding five years. Mr. Milberg managed his and his family’s businesses, developed a private investment practice and became the representative for Latin America of Globalvest Management Company L.P., the U.S. Virgin Islands-based investment firm headed by Peter Gruber.

Beginning in early 1988, Mr. Milberg was, for four years, international finance officer and board member of Corporación IMPSA, S.A., during which time he participated in major international projects, investments, acquisitions and financings for the operating affiliates, including IMPSA S.A., IMPSAT Fiber Networks Inc. and Austral Líneas Aéreas.

From 1983 to 1987, Mr. Milberg was Vice President of Credit Suisse First Boston Corporation in New York, responsible for investment banking in Latin America. He conducted financial advisory assignments for private and public sector companies and central banks in the restructuring of external debt and management of international reserves; and, he also represented buyers and sellers in the acquisition and divestiture of companies in the beverages, food and manufacturing sectors.

Mr. Milberg began his banking career at The Chase Manhattan Bank, N.A. in New York in 1973 as a lending officer to Brazilian private and public sector companies. From 1977, he developed the Latin American merchant banking unit of Chase, based first in London and later New York, concentrating in loan syndication and project finance and helping to position Chase as one of the leaders in this field.

Mr. Milberg holds an undergraduate degree, with honors, from Universidad de Buenos Aires and a Master of Management from the J.L. Kellogg Graduate School of Management, Northwestern University, which he attended under a Fulbright scholarship and a Northwestern University grant. Among his many interests, Mr. Milberg is an active supporter of the performing arts; in 1998 he co-chaired a major fund raising event for the Metropolitan Opera Association, New York, is a member of the Metropolitan Opera Club, New York and a member of the Managing Council of Fundación Teatro Colón, Buenos Aires.


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