Financing Archives

Sep, 2021

By Nick Flitterman

Portland Contributes to Financing Net Zero at SPE Offshore Europe

Portland Contributes to Financing Net Zero at SPE Offshore Europe

The Society of Petroleum Engineers (SPE) held its Offshore Europe Conference & Exhibition at the start of September. Portland’s Ian Cogswell contributed to the content of a presentation made by the Financing Net Zero group, addressing the technology risk for financial investments in the energy transition. The presentation, which was made on behalf Financing Technology to Net Zero UK by Andrew Smith of Deja Blue Consulting, can be viewed here .

For further information, contact Ian at ian.cogswell@portlandadvisers.com or +44 20 7183 8214

clean, cogswell, Energy, finance, focus, launch, net zero, portland, project, Project Finance, survey, tech

Aug, 2021

By Nick Flitterman

Portland A Thought Leader in Clean Tech Financing

Portland A Thought Leader in Clean Tech Financing

Portland’s Ian Cogswell has this month published an article on the challenges associated with the financing and deploying of new clean technology. It has featured in the summer edition of “Energy Focus”, the periodical of the Energy Industries Council (EIC). The article can be found by clicking here or on the EIC and Energy Focus websites shown below.

Portland Advisers is a proud member of Financing Technology to Net Zero UK ( FTech2Zero), a multiorganizational network of industry experts, who have been drawn together to develop a white paper recognizing the challenges associated with financing and deploying novel technology, raising awareness, and assessing the solutions that can be adapted by both financial institutions and technology providers alike.

Energy Focus on EIC website can be found here.

The Energy Focus article can be found directly here.

For further information, contact Ian at ian.cogswell@portlandadvisers.com or +44 20 7183 8214

clean, cogswell, Energy, finance, focus, launch, net zero, portland, project, Project Finance, survey, tech

Mar, 2021

By Nick Flitterman

Portland assists in the drive to Net Zero

Portland assists in the drive to Net Zero

In October 2020, Portland’s Ian Cogswell participated in a workshop entitled Working Back from Net Zero. The “Financing Net Zero” group that met during the workshop has continued to meet and formed a network, FTech2Zero, a multiorganizational network of industry experts, who have been drawn together to develop a white paper recognizing the challenges associated with financing and deploying novel technology, raising awareness, and assessing the solutions that can be adapted by both financial institutions and technology providers alike.

With less than 30 years to deliver the UK’s Net Zero ambitions it is critical to focus on measures to accelerate deployment of the technologies which are necessary to deliver net zero goals. Current estimates state that the required investment to create an integrated energy system on the UKCS alone requires investment of approximately £430 billion. It is therefore imperative that any initiative is attractive to a broad range of financial investors.

FTech2Zero has produced a survey to collect voices from the entire energy value chain to help broaden our understanding of what is needed to truly move the dial on financing net zero. The group would greatly appreciate your input on this topic via this 10-minute survey. With this survey, we are trying to collect voices from the entire energy value chain to help broaden our understanding of what is needed to truly move the dial on net zero financing.

You can also join us at the forthcoming virtual roundtable, Financing Technology to Net Zero on 7^th April to discuss the survey as we form a better understanding of the current state of investment in novel technologies, as well as how companies are reacting to this transformational issue.

Please Register FREE here, it only takes a minute.

For further information, contact Ian at ian.cogswell@portlandadvisers.com or +44 20 7183 8214

cogswell, Energy, finance, knect, launch, net zero, portland, project, Project Finance, survey

Mar, 2021

By Nick Flitterman

Krauze gives his views on Digital Infrastructure financing trends

Jacek Krauze provides expert perspective on Digitial Infrastructure financing

Continuing Portland’s close relationship with the team at Proximo, Jacek Krauze – Portland’s lead on Digitial Infrastructure financing – offered his thoughts on the FTTH market and financing trends in the latest article covering this critical area of the telelcom infrastructure market. You can read the article by clicking on the link below.

Proximo Article – FTTH: Rocks and Roll Out

For further information, contact Jacek at jacek.krauze@portlandadvisers.com or +44 20 7183 8398

19, cogswell, constellations, covid, finance, Flitterman, gas, infrastructure, insurance, launch, oil, podcast, project, Project Finance, proximo, satellite, Telecom

Jan, 2017

By Nick Flitterman

Portland Ranked Top Financial Advisor in 2016

Portland Top of the Charts

The league tables are out, and Portland Advisers has been confirmed by Infrastructure Journal as no.1 Financial Advisor by value in 2016 following a very successful year. This follows the closure of transactions such as OCTP, and confirms Portland’s well established position as a leading Financial Advisor in the key infrastructure sectors globally.

Further information can be found by clicking here.

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May, 2016

By Nick Flitterman

Portland on the BBC – Champions League Final in focus

Portland on the BBC – Champions League Final in focus

Ahead of the Champions League Final, the BBC interviewed Portland’s Head of Stadium Finance, Harry Philp on his views of how financial considerations in football have become the driving force for clubs when prioritising certain competitions over other.

See the full article by clicking here.

For further information on stadium finance and sports advisory services, contact Harry directly on +44 20 7183 8392 or harry.philp@portlandadvisers.com

Advisers, Advisors, bbc, Champions, football, harry, League, Philp, portland, Stadia, Stadium

Jan, 2015

By Nick Flitterman

Portland in the Economist

Portland’s Head of Stadium Finance was in the press once again this week, as the Economist ran an article on Italian football and the need for stadium infrastructure.

To read the article click here.

For further information, please contact Harry directly on +44 (0) 20 7183 8392 or at harry.philp@portlandadvisers.com

Economist, financing, Italian, italy, Philp, Stadium

Mar, 2011

By Nick Flitterman

O3b Triple Award Winner

O3b Networks, the medium earth orbit satellite constellation providing fibre quality connectivity to the emerging markets, has picked up a trio of awards from the financing community on the back of the highly innovative $770m project financing it completed in November 2010.

On top of being awarded African Telecom Deal of the Year 2010 from both of the leading Project Finance journals “Project Finance Magazine” and “Project Finance International”, O3b has now also been awarded the prestigious Deal of the Year 2010 from “Trade Finance Magazine”.

Portland Advisers acted as Financial Advisor to O3b for the debt raising. For futher information on the O3b financing, please see the earlier post on our Latest News section, the Case study included on this website or contact Nick Flitterman, Portland’s Head of Telecoms at nick.flitterman@portlandadvisers.com

Nov, 2010

By portland2015a

O3b Networks reaches Financial Close

On 29th November 2010, O3b Networks, advised by Portland Advisers and HSBC, achieved Financial Close on a $1.2bn financing for its first 8 satellite MEO constellation which will provide low-latency, fiber-quality internet connectivity between developing markets and the global internet infrastructure.

Nick Flitterman, Portland’s Head of Telecoms and lead advisor to O3b said: “This is a tremendous day for O3b and for those Other Three Billion people its satellites will provide internet coverage for. Despite turbulent financial markets, we have succeeded in structuring a highly innovative blend of ECA-backed and DFI senior debt alongside a tranche of Mezzanine debt, ensuring the company is fully funded through to the launch of its services in 2013.”

The complex financing comprises a US$510m Coface-backed Senior Debt Facility provided by HSBC, ING, CA-CIB and Dexia; a US$115m Senior Debt Facility and a US$145m Mezzanine Facility provided by HSBC Principal Investments, DBSA, AFDB, DEG, Proparco, FMO, IFC and EAIF; and US$410m in equity financing, of which US$230m is new equity investment.

O3b’s shareholders include leading satellite operator SES, Google, the global cable operator Liberty Global, HSBC Principal Investments, the Development Bank of South Africa, Sofina and Satya Capital, with SES now the largest minority shareholder.

For more information on this transaction, or on related topics, please contact Nick directly on nick.flitterman@portlandadvisers.com or +44 20 71 83 83 85. Also see the Case Study describing the role Portland Advisers.

Press coverage of the financing can be find by clicking on the links below.

www.o3bnetworks.com

BBC article on O3b (29Nov10)

Infrastructure Journal Article (Feb 2011)

Sep, 2010

By portland2015a

Portland advising Government of Bangladesh on its IPP programme

Portland Advisers has been appointed as financial advisor to Power Cell, Government of Bangladesh, to assist with the tendering and award of independent power projects as part of the government’s efforts to boost power generating capacity in the country which is experiencing severe power shortages.

Financial support for the long term financing of these IPPs is available from the World Bank Group through its partial risk guarantee programme and from export credit agencies. There is increasing interest from international IPP developers to participate in the Bangladesh power sector where an established contractual framework exists by virtue of two IPPs which were successfully tendered and closed in 2001.

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