We raise equity for infrastructure projects including equity capital raises on direct investments and also for co-investments.
Our analysts conduct due diligence on investment proposals to appraise opportunities for an equity capital raise. All investments presented to us are benchmarked against a range of infrastructure KPI metrics. Our sector analysts determine the performance of investment proposals against comparable transactions and funds and once an opinion is formed, this is presented to our investment board.
Our investment board consists of infrastructure executives who each have substantive experience in reviewing such investments by sector and by geography. After our investment board meets to discuss proposals, it will either:
- Accept the mandate to act as the project sponsor’s corporate finance advisor or an advisor to the asset manager for an equity raise; or
- Require the project sponsor or asset manager to take further action for an equity raise to be suitable for institutional investors or strategic investors; or
- Decline the mandate for an equity raise by the firm as the investment opportunity did not meet this firm’s benchmarks to pass for a capital raise to institutional investors.
Our investment board accepts mandates that will meet the investment criteria of institutional investors. When we accept a mandate, it signals our confidence that it will achieve a successful capital raise.
Debt Finance and Refinancing
We facilitate both debt raises and refinancing arrangements for infrastructure assets, working in both project financing and operational assets. As a specialist infrastructure financier, we finance projects with debt from local, national, and international banks, and private debt funds. Employing our relationships from prior transactions, we bring cooperative lenders together so that the provision of structured debt is delivered quickly and at competitive rates.
What makes us unique is our market knowledge and the relationships we maintain with mainstream and specialist infrastructure lenders ‑ some of whom are not commonly known in the market. We do not have a specified restriction on any jurisdiction and have particular expertise in:
- Sourcing the lowest cost of capital, with favourable lending terms, from a range of lenders for refinancing or non-complex transactions.
- For more complex capital structures, offering access to specialist lenders, who have an appetite for unique infrastructure financing and special situations. This allows us to offer more bespoke solutions.
Our transactions team reviews the debt requirement and supports the client in preparing the business case appropriately before it is presented to the selected, appropriate lenders. Our transactions team manages the entire process in consultation with the client.
Co-investments can be an effective way for investors to allocate into infrastructure projects. Co-investments have several benefits, which include:
- Added value. Each investor brings a separate value to the transaction. One co-investor’s value-add may be market knowledge and operational expertise of the asset, whereas another co-investor’s value-add may be the allocation of equity into the project or the strength of its balance sheet to secure a lower cost of capital.
- Co-investments allow for the diversification of risk across multiple parties which should mitigate risk and achieve more stable returns.
- Returns on the investment may be allocated proportionally to the value added and or equity allocated towards realising the investment.
We have the expertise to originate, conduct due diligence, and appraise and present co-investment opportunities to project sponsors that have been approved by our Investment Board. Only projects presented by project sponsors, which can convey a co-investment demonstrating bankability, are approved by the Investment Board.