m&a advisory debt advisory strategic advisory · rothschild théo barallon associate ......
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Strategic Advisory
Debt Advisory
M&A Advisory
FINERGREEN| NEW ENERGY FINANCIAL ADVISORS
OUR VISION
FOSTER THE ENERGY TRANSITION AND PROMOTE
GREEN INVESTMENTS
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SOLAR WIND BIOMASSHYDROENERGY
EFFICIENCY
FINERGREEN| NEW ENERGY FINANCIAL ADVISORS
OUR MISSION
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M&A Advisory
Debt Advisory
StrategicAdvisory
WE ARE A TEAM DEDICATED TO ENERGY TRANSITION FINANCING.FROM OUR UNIQUE POSITION, WE OFFER A TRIPLE EXPERTISE THAT WE MAKE AVAILABLE FOR ALL OUR CLIENTS.
DEBT ADVISORYA renewable energy project is highly capital intensive. Its financing requires the establishment of long term finance agreements with banking players . FINERGREEN deep expertise on this topic enables us to determine the most suitable legal and financial structure, for each and every operation on which we work.
M&A ADVISORYFINERGREEN is active on every type of long term
financing operations, raising funds for assets
(infrastructures) or companies (corporate). In
order to ensure liquidity on the renewable energy
market, our team works both on the buy and sell-sides.
STRATEGIC ADVISORYEither public or private, the energy transition actors are constantly moving. We help them to make their
business model evolve, in France and all over the world.
5 ENERGIES 1 TO 100 M€
FINERGREEN| NEW ENERGY FINANCIAL ADVISORS
797PLANTS
FINANCED PROJECTS
236MWp
DELIVERED POWER
502M€
CLOSED TRANSACTIONS
OUR HISTORY
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Over 100 M€ of transactions
Over 50 M€ of transactions
201520142013 2016
2013Creation of
FINERGREEN
Over 300 M€ oftransactions
Solar Projects
Methanization Projects
Hydro Projects
Wind Projects
Energy efficiency Projects
FINERGREEN| NEW ENERGY FINANCIAL ADVISORS
EMERGING MARKETS SPECIALISTS
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ParisHead-office
AbidjanOffice
201620152014 2017
2016Creation of
FINERGREENAFRICA
2017Creation of
FINERGREENITALIA
RomeOffice
Offices
Covered Markets
FINERGREEN| NEW ENERGY FINANCIAL ADVISORS
M&A ADVISORY
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QUASI-EQUITYQuasi-equity (corporate bonds, asset-backed convertiblebonds) participates in the optimization of the legal andfinancial structure of transactions in the renewableenergy sector.
TOOLS
ASSET ACQUISITION / ASSET SALESBased on our extensive network of investors, our marketing tools and our rigorous tender processmanagement, we will get the best market offer for your project, both for asset acquisition or assetsale.
FUND RAISINGBoth for fund raisings at the asset and corporate levels, our team is able to drive the whole capitalraising process, from the initial negotiations to financial closing.
EQUITY PARTICIPATIONThe equity participation of a new partner, who can be industrial of financial, public or private,is key for a company. That’s why we manage those operations on three different levels:strategic, financial and legal.
WE FOSTER MERGERS AND PARTNERSHIPS BETWEEN ENERGY TRANSITION ACTORS BY STRUCTURING THE MOST SUITABLE
LEGAL AND FINANCIAL PACKAGES FOR EACH COMPANY’S NEED
MISSIONS
EQUITYEquity injection through shares acquisition or capitalincrease are the usual ways to acquire or finance anasset.
FINERGREEN| NEW ENERGY FINANCIAL ADVISORS
MEZZANINE DEBTThe establishment of a subordinated debt is more and more usual in the renewable energysector. From crowdfunding to dedicated investment funds, we understand and master thediversity of available tools and players, and put them at the client’s service.
SENIOR DEBT FINANCINGBank loans are the major source of financing for renewable energy projects financing, and the termsand conditions finally obtained are key drivers to a project’s success. Thanks to our financialengineering expertise and our in-depth knowledge of banking process and players, we manage tosecure the most suitable bank financing.
DEBT ADVISORY
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GRANTSDevelopment phase financing, ahead of construction phase, is critical for renewable energy actors, inparticular when working on international development. With this in mind, we developed a specificexpertise in identifying and obtaining grants for the renewable energy sector.
DEVELOPMENT STAGE - GREENFIELDAs soon as a renewable energy project gets the requiredpermits for the construction, our team is able to startthe process of obtaining external financing throughmobilization of our broad network of partners.
MISSIONS
TOOLS
WE SECURE THE MOST APPROPRIATE FINANCING SCHEMES TOWARDS COMPLETION OF RENEWABLE ENERGY PROJECTS
STRUCTURING STAGE - BROWNFIELDWhen an asset has been in operation for a long time,many risks are no longer applicable, for instance theconstruction risk. In this case, a more appropriatefinancing can replace the initial funding.
FINERGREEN| NEW ENERGY FINANCIAL ADVISORS
BENCHMARKINGOur hindsight on the market, its practices and its key indicators allow us to tackle anystrategic issue with a broad vision and the required acuity.
MODELLINGThanks to our robust modelling skills and thanks to our experience of renewable energieswe produce tailor-made tools for decision making.
STRATEGIC ADVISORY
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TOOLS
DUE DILIGENCES REVIEW• Solar yield analysis• Technical study• Legal and Tax audit• Financial model audit
CONTRACTS NEGOCIATION• Loan agreement• Share purchase agreement• Shareholder’s agreement• EPC, O&M contracts
VALUATION• Asset portfolio• Acquisition target• Projects under development
MARKET STUDY• Top-down analysis• Regulatory framework overview• Benchmarking• New market entrance study
OUR CONSULTING POSITION GIVES US A DEEP AND CONSTANTLY UPDATED KNOWLEDGE OF THE LOCAL MARKET
CONDITIONS AND STANDARD CONTRACTUAL PRACTICES, THAT WE MAKE AVAILABLE FOR OUR CLIENTS
MISSIONSReview witha commercialOutlook
FINERGREEN| NEW ENERGY FINANCIAL ADVISORS
OUR CREDENTIALS IN FRANCE
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SEXTANT – 37 MWp37 MWp
Solar PV portfolio
66 M€Financed
Located in the south of France, this 240 plantportfolio was financed by 3 French banks.Involving assets under construction andoperating plants, the portfolio presented awide risk spectrum. The power plant poolingallowed Finergreen to find the most suitablefinancial structure and to set up a properdebt financing.
OPERATION SIZE REGION TYPE AMOUNT CLOSING
Refinancing 7 MWc South of France 55 solar roofs 15 M€ Feb. 2017
Equity and Debt Advisory 1,5 MWe Nouvelle Aquitaine region Biogaz plant 15 M€ Feb. 2017
Financial Audit 32 MWc South of France 202 solar assets 60 M€ Jan. 2017
Strategic Advisory N.A. France Circular economy 150 M€ Dec. 2016
Cession 11 MWc South of France 79 solar roof 19 M€ Dec. 2016
FINERGREEN| NEW ENERGY FINANCIAL ADVISORS
OUR CREDENTIALS IN ITALY
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CELSIUS – 1.0 MWp1.0 MWpGround-mounted
Plant
1.3 M€Company value
The ground-mounted plant, located in theAbruzzes region near the Adriatic sea, hasbeen connected in 2009 and produce morethan 1.3 GWh of electricity per year.The operation was managed in threemonths, and enabled the seller to keep theoperation and the maintenance of the plant.
OPERATION SIZE REGION TYPE AMOUNT CLOSING
Cession 2.0 MWp Abruzzes Ground-mounted plant 2.4 M€ Dec. 2016
Debt Advisory 0.5 MWp Ligurie Agricultural greenhouses 1.0 M€ Jun. 2016
Debt Advisory 1.0 MWp Marches Ground-mounted plant 2.7 M€ Dec. 2015
Debt Advisory 1.0 MWp Pouilles Ground-mounted plant 1.6 M€ Jul. 2015
FINERGREEN| NEW ENERGY FINANCIAL ADVISORS
OUR CREDENTIALS IN AFRICA
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KNE – 42 MW42 MW
Run-of-the-river Dam
116 M$Of total investment
The concession agreement for the set up ofthis run of the river dam in Mali was signedin June 2015 and schedule its commercialoperation date at the end of 2020. Thisequipment will generate near 189 GWh eachyear and thus increase the area’selectrification rate.Finergreen was awarded a financial auditormandate following a competitive biddingprocess from IFC.
OPERATION SIZE REGION TYPE AMOUNT CLOSING
M&A and Debt Advisory 30 MW Ivory Coast Run of the river Dam 101 M€ Ongoing
M&A and Debt Advisory 7 MWe Cameroon Wood biomass 18.5 M$ Ongoing
Startegic Advisory - Market study N.A. West Africa Solar sector N.A. Jan. 2017
Debt Advisory - Grants N.A. Africa Solar roofs N.A. Dec. 2016
Debt Advisory - Grants 19 MW Cameroon Run of the river Dam N.A. Sep. 2016
FINERGREEN| NEW ENERGY FINANCIAL ADVISORS
OUR CREDENTIALS IN ASIA
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GUJARAT – 25.0 MWp25.0 MWp
Ground-mounted plant
25 yearsOf Purchase agreement
The ground-mounted solar plant was offeredfor sale by a diversified Indian holding.The plant has been operating for a few yearsand benefits from a power purchaseagreement on 25 years signed with the localdistribution company.The plant produces 42.4 GWh of electricityper year, which is equivalent to the averageconsumption of around 15,500 houses.
OPERATION SIZE REGION/COUNTRY TYPE AMOUNT CLOSING
M&A Advisory 40 MWp India Ground-mounted plant and solar roofs N.C Ongoing
M&A Advisory 10 MWp Philippines Off-grid solar N.C Ongoing
M&A Advisory 10 MWp Indonesia Hydro plant N.C Ongoing
FINERGREEN| NEW ENERGY FINANCIAL ADVISORS
FRANCE TEAM
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Damien RICORDEAU CEO & Founder
Master 225 - Paris Dauphine
Groupe Edmond de Rothschild
Théo BARALLONAssociate
HEC Entrepreneurs -INSA Lyon
Crédit Agricole -Airbus - URGO
Louis CATALAAssociate
Audencia - Centrale Nantes
Bureau d’étude -Start-ups Web
Marie-Madeleine SABOLYAssociate
HEC - AgroParisTech
SMBC Europe - Groupe Le Duff Start-ups
Matthieu KUZDZALAnalyst
Sciences Po Paris
GDF Suez Energie Services
Amélie BEAUJARDOffice Manager
Sciences Po Paris -UCP
Microprojets.org -ECFR
Charles DELIENNEAnalyst
ESTP - MS ESSEC
KPMG - Véolia -Solaire Direct
Ricardo CASTELLO BRANCOAnalyst
École des PontsAES Brasil - BNP Paribas - VINCI - FAYAT
Eleonora PERROTTALegal assistant
Paris II Panthéon - Assas
Hogan Lovells - Lefèvre Eversheds
Arthur OMONTAnalyst
McGill - HEC Paris
UBS Londres - ATEC ITS France
FINERGREEN| NEW ENERGY FINANCIAL ADVISORS
INTERNATIONAL TEAM
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Jean-Jacques NGONOManaging Partner
Master 225 - Paris Dauphine
ECP - Oppenheimer & Son
Florian CAMMASAnalyst
Audencia - Mines d’Alès School
BETOM - Etablissement Thermal
AFR
ICA
Caroline BOONEAssociate
ESSEC Business School
Proparco
Rohan SINGHManaging Partner
Master 225 - Paris Dauphine
Auriverde - BMCE - Société Générale
ASI
A Jade RELMYJunior Analyst
HEC Paris – La Sorbonne
Orrick, Herrington & Sutcliffe LLP
Alessandro BETTIManaging Partner
Université de Rome - Bocconi
Hanergy - Terra Firma - UniCredit
ITA
LY
Marion DILASSERAnalyst
Master 212 - Paris Dauphine
Bfinance – Crédit Agricole CIB
Nabil AMIRAnalyste Junior
ESC Grenoble
Rocket Internet - Start-ups - Deloitte
FINERGREEN| NEW ENERGY FINANCIAL ADVISORS
OUR PARTNERS
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INSTITUTIONAL PARTNERS
PROFESSIONAL ORGANIZATIONS
TRAINING ORGANISMS
Finergreen actively participates in the structuration of the renewable energy sector, both in France and overseas thanks to its role of trainer and advisor
FINERGREEN| NEW ENERGY FINANCIAL ADVISORS
ACTIONS OF SOLIDARITY
Solar Panels installation on the roof of a charity home for young people
Biogas units installation in porkfarmers families
Solar Pump to improve the clean water adduction system
€ 180,000Of fund raised and dedicated to local
microprojects financing
GLOBALITY19 Projects
14 Countries
3 Continents
MALI PERU
VIETNAM
DIVERSITY Solar, Biomass,
Aquaponics, Methanization
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FINERGREEN| NEW ENERGY FINANCIAL ADVISORS
OUR CONTACT DETAILS
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FRA
NC
E Damien RICORDEAU +33 (0)6 35 50 62 84 [email protected]
Amélie BEAUJARD +33 (0)6 66 96 42 26 [email protected]
Eleonora PERROTTA +33 (0)6 16 53 77 65 [email protected]
Théo BARALLON +33 (0)6 75 98 05 80 [email protected]
Louis CATALA +33 (0)6 79 76 49 32 [email protected]
Marie-Madeleine SABOLY +33 (0)6 59 85 95 79 [email protected]
Charles DELIENNE +33 (0)6 77 01 68 96 [email protected]
Matthieu KUZDZAL +33 (0)7 83 31 63 89 [email protected]
Ricardo CASTELLO-BRANCO +33 (0)7 68 05 45 79 [email protected]
Arthur OMONT +33 (0)7 81 34 61 40 [email protected]
ITA
LIE Alessandro BETTI +39 339 2955002 [email protected]
Marion DILASSER +33 (0)6 71 18 69 06 [email protected]
AFR
IQU
E Jean-Jacques NGONO +225 49 73 02 00 [email protected]
Caroline BOONE +225 59 89 24 67 [email protected]
Florian CAMMAS +225 89 92 60 43 [email protected]
Nabil AMIR +225 79 74 07 38 [email protected]
ASI
E Rohan SINGH +33 (0)7 87 77 76 22 [email protected]
Jade RELMY +33 (0)6 27 38 33 07 [email protected]
96 Boulevard Diderot75 012 Paris
France
Via Migiurtinia 5200199 Rome
Italy
2 Plateaux, Rue des Jardins
Cocody, Abidjan
Ivory Coast
www.finergreen.fr