Past projects

These are some of the projects and services verdigris has completed:

  • Acted for client selling portfolio of renewable energy IPP assets;
  • Credit assessment for senior and mezzanine debt investments into several PV power plants for different institutional clients. Several billion ZAR invested across several projects;
  • Trained client’s corporate debt transactors in project finance principles and worked with those transactors to assess several infrastructure transactions;
  • Presented detailed explanation of how wind energy yield assessment impacts upon debt investment into wind power plants to client’s credit committee and conducted analysis of strengths and weaknesses of specific projects’ wind regimes;
  • Credit assessment for senior and mezzanine debt investments into several wind power plants for institutional client;
  • Arranged first syndication of project finance hedge to institutional investor in South Africa: Wrote and presented hedging position paper to client’s investment committee. Completed due diligence and quantitative assessment of institutional client’s purchase of interest rate hedge with IPP counterparty. Negotiated cession of hedge to client;
  • Co-completed credit assessment and negotiated loan document with client representative for several hundred million debt and interest rate swap investment into Concentrated Solar Power plant;
  • Authored position paper on infrastructure as an asset class for asset management client;
  • Wrote lenders’ base case model for conventional thermal power plant;
  • Converted lenders’ base case models for various conventional power plant and renewable energy IPPs into operational models;
  • Developed limited-recourse term sheet for institutional client’s debt- and equity investment into infrastructure assets;
  • Conducted and presented credit assessment for institutional client’s investment into Kenyan sovereign debt;
  • Conducted and presented credit assessment for institutional client’s investment into telecoms tower portfolio;
  • Conducted and presented investment thesis for institutional client’s preference share investment into different portfolios of energy assets;
  • Valued implicit option in non-standard convertible instruments for client;
  • Provided advice on off-balance sheet funding structure for client;
  • Developed algorithm for allocation of client’s sales to maximise revenues within given constraints;
  • Acted as development coordinator / project whip for client developing conventional thermal power plant IPP;
  • Expert valuation of infrastructure company for possible listing;
  • Acted for client purchasing school;
  • Provide non-executive director’s services to:
    • South African bank;
    • Listed project bond SPV;
    • Listed and unlisted asset securitizations;
    • Commercial paper conduits;
    • Equity and commodity exchange-traded funds;
    • Independent school;
    • Listed industrials group.