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WHAT WE DO - TRANSACTIONS
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10 transactions found
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Green Giraffe Advisory (“Green Giraffe”), a leading financial advisor in the global renewable energy transition, congratulates Enerlis on White Summit Capital’s (WSC) landmark Investment in Powesco.
Green Giraffe Advisory is proud to announce its role in advising Enerlis on a significant investment agreement with WSC. This landmark deal will see WSC investing €150 million in energy efficiency-as-a-service projects in Powesco, a French platform dedicated to sustainable renovation solutions.
Equity
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Aravest to invest and partner with August Energy with up to USD 100M of capital to accelerate the growth of Energy as a Service in Asia
Green Giraffe acted as the exclusive financial advisor to August Energy on its fundraising and the successful formation of its investment partnership with Asia-Pacific Sustainable & Decarbonisation Infrastructure Equity Fund (SDIEF), with up to USD 100 M of capital.
Headquartered in Singapore, with offices in Thailand and India, August Energy is a leading infrastructure platform helping corporates in Southeast Asia and India to meet their decarbonisation goals. The partnership will see Asia-Pacific Sustainable & Decarbonisation Infrastructure Equity, LP (a fund sponsored by Aravest and Sumitomo Mitsui Banking Corporation – SMBC Group) become a major shareholder of August Energy and provide significant additional funding to further accelerate the growth of the company across the region.
The Green Giraffe team is delighted to have supported August Energy as financial advisor since the foundation of the platform. This transaction represents another pleasing milestone in our growth journey in Asia, and is particularly gratifying given the urgent need for capital to fund decarbonisation in the South-East Asia and India region.
Development services
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Green Giraffe Advisory advised WV International B.V. on the full divestment of CME S.A.
CME S.A., the North and West African development platform of WV International B.V. (WVI) was acquired by Vinci Concessions.
CME is an independent renewable energy developer currently developing projects in Morocco and Senegal. The portfolio consists of about 1.4 GW of greenfield projects in different development stages, predominantly onshore wind but the portfolio also includes solar and pumped storage hydro projects.
The investment will help support the development of CME’s pipeline and ready-to-build assets across North and West Africa. Furthermore, the partnership offers an opportunity to accelerate CME’s growth towards becoming a leading renewable energy platform across the region.
Green Giraffe Advisory acted as sole financial advisor to the shareholders of WVI in this transaction. We supported the WVI team through coordinating the full M&A process up to financial close, financial modelling, due diligence management, commercial support and negotiation of the transaction agreements.
WVI is a Dutch renewable energies developer present in Europe with activities in the Netherlands and Southeastern Europe. The company was founded in 2002 in The Netherlands and Belgium as Windvision. Its European activities in Belgium, France and Spain were sold in 2020 to BlackRock, and the remaining activity was developed under the newly created entity called WV International.
Debt
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Green Giraffe assisted Eteck in closing a EUR 225 M financing for a portfolio of heat projects
Dutch heat provider Eteck closed a EUR 225 M financing with Rabobank, ING, ASN Bank and ABN AMRO Bank N.V.. Green Giraffe was mandated as the exclusive financial advisor to structure the transaction and to raise the financing.
Eteck develops, owns and operates sustainable, collective and decentralized installations with which they supply heat and/or cold, both in new and existing buildings. They are involved from development and realization to contracting and operation.
The financing includes a refinancing of Eteck’s existing projects, a construction financing for the realization of the current new construction and renovation projects and a growth financing for future heat projects in both new and existing buildings. This will enable Eteck to realize current and future growth and maximize its impact on the Dutch heat transition.
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Green Giraffe was mandated by Candriam and parent company New York Life Investment Management to produce a white paper covering: overview of the European renewable energy market, investor considerations, and key success factors in the sector
Green Giraffe was mandated by Candriam and parent company New York Life Investment Management to produce a white paper covering: overview of the European renewable energy market, investor considerations, and key success factors in the sector.
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Strategic study and valuation services for a 215 MW portfolio of solar, biomass, and hydro assets located in Western Africa
Green Giraffe conducted a strategic review and valuation of a 215 MW portfolio of solar, biomass, and hydro assets located in Western Africa.
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Green Giraffe advised L2Fiber Rotterdam in raising equity for the open access optical fiber network in Rotterdam
Green Giraffe was mandated by L2Fiber Rotterdam to raise equity for their open access optical fiber network in Rotterdam. In July 2018 Highland entered into an exclusive agreement to invest in L2Fiber Rotterdam. The company plans to bring optical fiber access to all 295,000 homes in Rotterdam over the next 5 years.
L2Fiber Rotterdam is the only optical fiber network of its size in Europe to be developed exclusively by private investors. The network will be open to all service providers to provide reliable internet at speeds of up to 1 Gbps, high-quality television and telephony to the inhabitants of Rotterdam.
The network will use GPON technology, allowing a single fiber line to deliver connectivity to multiple users. This access method will not only reduce network complexity and maintenance requirements, but also save on energy consumption and upgrade costs.
“Green Giraffe has shown to be a trustworthy partner for L2Fiber Rotterdam: they provided access towards a wide range of investors and we found an investor which was the perfect fit and able to finance our optical fiber network project based on a solid structural setup and tailor-made financial model.”
Oscar Kuiper, Co-Founder, L2Fiber
Debt
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Green Giraffe was mandated by a consortium of Solvay and Marubeni on the non-recourse financing of the energy-efficient revamping of the power generation facilities of Rosignano, a Solvay industrial site
Green Giraffe was mandated by a consortium of Solvay and Marubeni on the non-recourse financing of the energy-efficient revamping of the power generation facilities of Rosignano, a Solvay industrial site. Debt was provided by MUFG. The partners, together with Ansaldo Energia will finance and operate a new state-of- the-art gas turbine sized 180MW and a repowered plant with a total capacity of 350MW of electrical power and total steam production capacity of 410t/h. The project will help reduce energy consumption and the environmental impact of Solvay’s industrial site while enhancing the plants’ competitiveness.
Green Giraffe was mandated in February 2017 by the sponsors to assist in the debt raising process (including preparation of the financing package and negotiation of the financing documentation), modelling, contract review and due diligence management.
The Rosignano project is a follow-up of the Eeco energy-efficiency project closed last year (to fund similar energy-efficient refurbishments on other Solvay plants) and used the same set of advisors, including Mott Macdonald as the lender’s technical advisor, HSF and NCTM as sponsors’ legal advisors, DPBM and Legance as the lender’s legal advisor, and Marsh as insurance advisor.
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Green Giraffe was mandated in October 2014 by the sponsors to assist in the debt raising process (including preparation of the financing package and negotiation of the financing documentation), modelling, contracting review, due diligence (legal, technical, tax and insurance) management
Green Giraffe was mandated on the non-recourse financing of a portfolio of energy efficiency projects whereby a consortium of Solvay, Marubeni and Caisse des Dépôts takes over energy facilities on Solvay industrial sites and finance new investments to improve energy efficiency with project finance debt provided by SMBC and BTMU.
The portfolio comprises four projects located in France and Italy and totals a production capacity of 230 MW of electrical power and over 900 t/h of steam. These projects help reduce both the overall energy consumption as well as the environmental impact of Solvay’s sites, while enhancing the plants’ efficiency and competitiveness.
Green Giraffe was mandated in October 2014 by the sponsors to assist in the debt raising process (including preparation of the financing package and negotiation of the financing documentation), modelling, contracting review and due diligence (legal, technical, tax and insurance) management.
Green Giraffe has also assisted sponsors with a number of agency tasks including preparing a model update and various document required for completion.
The Eeco project was awarded European power deal of the year 2016 by IJ Global.
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