M&A Advisory services for the energy and infrastructure industries
M&A Advisory services for the energy and infrastructure industries
PROJECT 1
Plant size: 4.5 MW
Installation type: Biogas – livestock to power
Location: China
Services provided: M&A Transaction – Technical advisory – Financial advisoryMain project duties
We supported a local project development engineering company, the sponsor, in achieving their final design stage for the first of a series of biogas plants based on multiple livestock, primarily pigs cattle, and in defining and negotiating a number of supply agreements for the raw material. The final design stage included the technology selection – biodigestors and biogas turbines – as well as the preparation and handling of RFP/bids. EPC and O&M agreement definition and negotiation were also part of advisory duties. We also helped the client with financial modelling and business planning services, up to the preparation of the project teaser for project financing purposes and represented the project sponsor towards banking partners and investors. The preparation and handling of the due diligence virtual data room were also part of the advisory duties.
PROJECT 2
Plant size: 2 x 10 MW plants
Installation type: Municipal solid waste to power
Location: China
Services provided: M&A – Technical advisory – Financial advisoryMain project duties
Our client, a local project sponsor owing full permits to build and operate a municipal solid waste to power plant (MSW), retained our experts to finalize the definitive specifications for the construction and operation of two waste to energy plants. Advisory services included the selection of the most modern and reliable technologies – both for fluidizing beds, steam turbines and catalytic systems to manage fly and bottom ashes – and were addressed through a bid process (RFP). Additional services provided refer to the selection of EPC and O&M contractors along with the definition and negotiation of related contractual frameworks. Supply agreement preparation, based on existing concessions, were reviewed and tuned to reduce risks and ensure a timely and predictable feeding of the fluidizing beds. Advisory team also supported the client with the preparation of the PPA (Power Purchase Agreement) with the respective counterparts for both thermal and energy output along with the review and tuning of the medium term business plan. The financial teaser was prepared to support the entry of a private partner in the shareholding structure.