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Capabilities

Service lines

A single, integrated advisory mandate from diagnostic through to financial close.

01

Capital Structuring

Optimal debt/equity architecture, holding and SPV structures, shareholder and intercreditor terms, tax-efficient cross-border flows.

02

Project Finance

Bankability review, financial modelling, risk allocation, lender engagement and syndication for greenfield and brownfield infrastructure.

03

PPP and Concessions

Concession and PPP structuring, government support packages, availability and demand-risk models, procurement and bid advisory.

04

Islamic Finance

Shariah-compliant structures — Murabaha, Ijara, Istisna'a and Sukuk — opening GCC and Islamic institutional capital to new jurisdictions.

05

Capital Markets

Eurobond issuance, private placements, pre-IPO preparation and IPO advisory, including listing venue and readiness assessment.

06

M&A and FDI

Buy- and sell-side M&A, joint ventures, market-entry structuring, investor targeting and government relations for inbound strategic capital.

Engagement model

How we work

One team from first diagnostic to financial close — we do not hand the mandate on at the structuring stage.

  1. 01

    Diagnostic

    Commercial, legal and fiscal review of the asset. An honest assessment of whether it is financeable, and on what terms.

  2. 02

    Structure

    Transaction architecture, jurisdiction and vehicle selection, risk allocation and the government support package.

  3. 03

    Prepare

    Financial model, information memorandum, data room and the due-diligence pack institutional investors require.

  4. 04

    Engage

    Targeted approach to a defined investor list. Process management, Q&A, site visits and term-sheet negotiation.

  5. 05

    Close

    Documentation, conditions precedent, regulatory approvals and financial close alongside counsel and lenders.

Fees are structured as a modest or at-risk diagnostic followed by success-based placement fees, so the majority of our economics sit behind financial close.

Coverage

Who we serve

We sit between the two sides of a frontier-market transaction and are paid to make each side underwritable to the other.

Capital

01

The investors we place with

  • Sovereign wealth funds and state investment vehicles
  • Development finance institutions and multilaterals
  • Institutional investors and infrastructure funds
  • Islamic financial institutions and GCC capital
  • Single and multi-family offices

Origination

02

The sponsors we act for

  • Governments, ministries and municipalities
  • State-owned enterprises and national holdings
  • Infrastructure and utility concession holders
  • Real estate and mixed-use developers
  • Privately held groups preparing for institutional capital

We act for one side of any given transaction and disclose our role at the outset.

People

Working command of English, Russian and Georgian across the jurisdictions we cover.

Contact

Let us look at the structure

Most conversations start with a short diagnostic: is the project financeable as it stands, what would have to change, and which pools of capital would realistically look at it.

Open a conversation