Overview
NAV discount-closing strategy
❖ NAV over £600 million
❖ Total deal size (approx): £400 million. Ticket size: min £15 million.
❖ Estimated gross return at between 1.7x and 2.5x on the amount invested as equity over an expected period range of 2 - 3 years. Proposals for mezzanine and debt financing in the Project’s structure are also considered.
❖ We see underlying fundamental value around where NAV is. This was tested through very recent comparable transactions, including competitors previously which traded at discount.
❖ A very experienced team in place for the execution of our strategy, each of the senior lead members with more than 20 years experience in power trading and/or financial aspects (structuring, due diligence, deal executions, risk management, etc).
❖ Extensive research and due diligence work already performed in order to explain the causes of the discount to NAV, from both financial and power markets perspectives.
❖ Potential clearly identified for significant upside even above NAV.
❖ Excellent macro, energy markets and regional context for supporting our business case.
❖ Total deal size (approx): £400 million. Ticket size: min £15 million.
❖ Estimated gross return at between 1.7x and 2.5x on the amount invested as equity over an expected period range of 2 - 3 years. Proposals for mezzanine and debt financing in the Project’s structure are also considered.
❖ We see underlying fundamental value around where NAV is. This was tested through very recent comparable transactions, including competitors previously which traded at discount.
❖ A very experienced team in place for the execution of our strategy, each of the senior lead members with more than 20 years experience in power trading and/or financial aspects (structuring, due diligence, deal executions, risk management, etc).
❖ Extensive research and due diligence work already performed in order to explain the causes of the discount to NAV, from both financial and power markets perspectives.
❖ Potential clearly identified for significant upside even above NAV.
❖ Excellent macro, energy markets and regional context for supporting our business case.
UK listed target:
57% discount to NAV
Renewables sector
Improving fundamentals
Comparable transactions
History of over 5 years
Backed by real assets
Positive operating cash flows
Potential upside above NAV
Renewables sector
Improving fundamentals
Comparable transactions
History of over 5 years
Backed by real assets
Positive operating cash flows
Potential upside above NAV
