Selected Transaction Experience

Achates Capital and its team members have been active in the investment, acquisitions, capital raisings, privatizations, start-ups and other business activities for nearly 20 years.

Several of the key, more recent transactions that we have worked on are presented below:

Strategic Investment in 351MW Wind Farm Project, Romania - Advisory (Details)

Transaction: Acquisition of a majority share in a 351 MW wind farm under development in Romania

Role: Financial Advisor Transaction Value: > €500 million

Key Services Provided:

  • Preparation of initial investment review,
  • Preparation of financial model, financial forecasts and scenario analysis,
  • Valuation of proposed investment and preparation of proposed financial structure,
  • Due diligence execution and coordination, and
  • Negotiation of investment agreement.

CCS Development Project, Poland - Financial Forecasting (Details)

Transaction: Financial forecasting and valuation of a 250MW-equivalent CCS project under the European Energy Programme for Recovery in Poland

Role: Financial Advisor Transaction Value: > €500 million

Key Services Provided:

  • Preparation of financial model, financial forecasts and scenario analysis,
  • Evaluation of breakeven emissions pricing and project valuation, and
  • Preparation of financial aspects of the EU grant programme application.

€879m Merchant Financing of Lignite Generation, Poland - Debt Raising (Details)

Transaction: Financing of a new 858 MW electricity generation plant and modernization of 4,440 MW of existing capacity for PGE Elektrownia Bełchatσw S.A. in Poland

Role: Financial Advisor Transaction Value: €879 million

Key Services Provided:

  • Preparation of financing strategy and financing structure,
  • Preparation of financial model, financial forecasts and financial analyses,
  • Assistance in negotiation of the EPC contract for new, 858 MW electricity generation plant,
  • Preparation of tender procedures and documentation,
  • Management and coordination of financing tender with 35 participating banks,
  • Negotiation of loan documentation with commercial banks and multilateral financial institutions, and
  • Coordination and management of bank due diligence and financial close.

EPC Tender for 1,800MW Power Plant, Poland - Advisory (Details)

Transaction: EPC tender for the acquisition of an 1,800 MW coal-fired power plant under development in Poland by PGE Elektrownia Opole S.A.

Role: EPC Tender Financial Advisor Transaction Value: N/A

Key Services Provided:

  • Preparation of financial aspects of public procurement tender documentation,
  • Development of financial evaluation criteria,
  • Evaluation of financial parameters of technical offers and scenario analysis, and
  • Assistance with negotiation of equipment acquisition agreement.

Acquisition of 345MW Wind Farm Project, Romania - Advisory (Details)

Transaction: Acquisition of 100% of a 345 MW wind farm under development in Romania through a tender process

Role: Financial Advisor Transaction Value: > €500 million

Key Services Provided:

  • Preparation of bids,
  • Preparation of financial model, financial forecasts and scenario analysis,
  • Valuation and structuring of proposed investment, and
  • Completion of due diligence in cooperation with technical, legal and accounting advisors.

Consumer Energy Start-Up, Great Britain - Start-Up Advisory (Details)

Transaction: Business plan development, capital raising and start-up implementation for a UK consumer energy management company

Role: Start-Up Advisor Transaction Value: N/A

Key Services Provided:

  • Preparation of business plan,
  • Development of website and services delivery implementations,
  • Development of financial management and customer service process,
  • Provision of finance director services, and
  • Capital raising.

Financial Management Advisory, Poland - Corporate Advisory (Details)

Transaction: Financial management, financial forecasting and financial process consulting services for a leading power generator in Poland

Role: Financial Advisor Transaction Value: N/A

Key Services Provided:

  • Preparation of loan disbursement, compliance and information procedures and documentation,
  • Preparation of short-, medium- and long-term financial forecasts and funding requirements, and
  • Preparation of currency and interest rate exposure analysis.

Strategic Investment in 242MW Wind Farm Project, Romania - Advisory (Details)

Transaction: Acquisition of a majority share in a 242 MW wind farm under development in Romania

Role: Financial Advisor Transaction Value: > €400 million

Key Services Provided:

  • Preparation of initial investment review,
  • Preparation of financial model, financial forecasts and scenario analysis,
  • Valuation of proposed investment and preparation of proposed financial structure,
  • Due diligence execution and coordination, and
  • Negotiation of investment agreement.

Achates Capital would appreciate the opportunity to present our services and experience and would be pleased to discuss your needs at your convenience. (Contact Us)