Business Services
We work with our clients at every stage of Project Development to help them make informed decisions and achieve their goals. We develop thorough understanding of our client’s goals and provide efficient, effective and cost competitive support for successful execution of the engagement. We leverage on our vast experience and understanding of the global financial markets and strong relationships with commercial lenders, DFIs and ECAs to facilitate bankable documents and optimum financing.
Project Finance & Bid Advisory
Synergy is one of the leading Project Finance Advisory firms with expertise across sectors, geographies and financing structures. We advise our clients at every stage of Project Development. Our services include financial modeling, debt raising and syndication, bid management, coordination with technical and legal advisors, contract negotiations with offtakers and financing document negotiations with lenders. We leverage our strong relationships with technical and legal advisors and financial institutions. Synergy provides the best possible financing structure to the clients for bid optimization.
Synergy clients have won a number of bids across different industries and geographies, to name a few bids, Kigali Water Treatment Plant (Kigali, Rwanda), the record breaking DEWA Solar PV bid (Dubai, UAE), Mueller Arabia copper tubing (Bahrain), National Solar Mission Solar bid (Andhra Pradesh, India).
Synergy team works closely with the clients to understand their requirements and develops strategies for customized financing. Besides traditional Project Finance structures, Synergy is also lauded for innovative financing structures.
Key areas of Synergy expertise in Project Finance and Bid Advisory comprise of:
- Project Feasibility Analysis
- Financial Structuring
- Financial Modelling
- Debt Raising / Syndication
- Bid Management
- Contract Negotiations
- Financing Document Negotiation
Financial Modelling & Audit
Synergy, given its vast experience in financial advisory, has successfully built Financial Models for a diverse set of infrastructure projects across different geographies. Synergy Financial Models are designed to reflect the project’s performance during development, construction and operations. The Financial Models are prepared per the requirements of the project documents and are in compliance with host country tax and accounting standards and international accounting standards such as US GAAP and IFRS (as applicable).
Synergy experience in Financial Modeling includes:
- Project Finance
- Bid Advisory
- Mergers and Acquisitions
- Group Company Valuations
- Financial Restructuring
- Business Planning and Forecasting
- Feasibility Analysis
Synergy team also performs Third-Party Independent Financial Model Audits for lenders, investors and bidders.
Third-Party Independent Financial Model Audit includes:
- Reviewing financial and mathematical consistencies in the model
- Ensuring compliance of model assumptions with various project documents
- Ensuring the validity of tax and accounting assumptions in the model
- Auditing in detail, the structural control of the model and the logical consistency of calculations (including Macros)
- Ensuring inclusion of adequate sensitivities on key parameters material to lenders / investors
Government Advisory
With the PPP model of infrastructure development projects becoming the norm across the world, Governments and parastatal institutions need expert knowledge and assistance for successful implementation of their development programs, including interfacing with multiple parties like developers, financial institutions, multilateral agencies such as the IMF and the World Bank, technical and legal advisors.
Synergy has successfully assisted governmental agencies such as utility providers, ministries of power and ministries of finance with PPP framework development for project implementation, negotiations of Concession Agreement (PPA / WPA and so on…) with project developers and training personnel to enhance internal capability. Our team works closely with Government agencies to understand their requirements and provide customized strategies and solutions to achieve their goals.
Synergy experience in providing services specifically designed for Government Institutions and Government Agencies:
- Training programs to assist with institutional capability building
- Management of RFP process and evaluation of bids for individual projects
- Assistance in commercial negotiations with project developers to ensure financial sustainability
- Negotiation, commercial due diligence and review of project agreements
- Credit enhancement mechanism
Project Feasibility Analysis
Project Feasibility Analysis is vital for the successful development of any infrastructure project to ensure its legal and technical feasibility and commercial viability as an investment. Synergy works with clients to minimize project development risk by conducting project feasibility analysis during the early development stage of the project. We have helped private developers as well as government decision makers to conduct such analysis.
We work with our clients to assess the viability, cost and benefits associated with their project, conducting cost benefit analysis before financial resource allocation. We help our clients understand the expected project outcomes, the risks involved and their possible impact on the project by conducting detailed due diligence, comprehensive risk assessment and economic and financial review. Our strong relationships with technical and environmental advisors help our clients have access to consolidated project feasibility report.
Synergy key services for Project Feasibility Analysis include:
- Investment Advisory
- Due Diligence
- Risk Analysis
Mergers & Acquisitions
For more than a decade, Synergy has advised private developers, governments and investors for acquisitions, divestitures, mergers, joint ventures, corporate debt restructuring and refinancing. Our advice focuses on understanding our clients’ long-term and short-term growth strategy to effect innovative solutions, drawing upon our in-depth sector knowledge, regional expertise and wide-ranging contacts helping create and unlock value in infrastructure assets.
Synergy offers buy-side and sell-side advisory services, undertaking commercial and financial due diligence, conducting valuations to assess the viability and valuation benchmarks for M&A transactions. We develop detailed Financial Models to establish value of target entities, accounting for market pricing models, free cash flow analysis, enterprise valuation, market multiples and share swap models. We work with our clients at every stage of the transaction, negotiating and assisting with transaction documents such as Information Memoranda, MoUs, investor presentations, investment term sheets, Joint Development Agreements, Sale and Purchase Agreements and other Shareholder Agreements. We arrange acquisition financing through international and local, commercial and development finance institutions and private equity funds.
Well entrenched in the global and local markets, we adopt a hands-on approach in advising clients. We leverage on our strong relationships with technical and legal advisors, financial institutions and regulatory regimes to help our clients achieve their investment objectives while protecting shareholder interests.
Corporate Debt Restructuring
In order to meet emerging business expectations, corporates continuously align their capital structure. With increasing volatility in global markets, it has become imperative to conduct capital structure optimization and stressed asset resolutions frequently to continue to add incremental value to the shareholders.
Synergy helps the clients with debt and capital restructuring. We provide conventional as well as innovative solutions to corporates across sectors and geographies seeking to restructure their borrowings. We leverage on our strong relationships with banks, lawyers, tax consultants, corporates and regulatory regimes in providing customized, structured solutions to our clients such as:
- Capital Structure Rebalancing
- Debt Optimization
- Cross-Border Restructuring
- Distressed Debt Resolutions
Training Programs
Synergy provides training directly at client sites or in our global office locations, setting up high-impact learning programs for Financial Advisory, Bid Advisory, Financial Modeling, Financial Model Audit, Contract Analysis, Debt/Equity Raising and Structuring and M&A Advisory. Synergy is recognized for design and delivery of Training Programs across diverse sectors and geographies for both public and private entities. Our unique blend of contemporary content and effective methodology through case-studies allows us to translate our knowledge and expertise in a wide range of areas:
- Corporate and Project Financing
- Public Private Partnership (“PPP”) Framework
- Tariff Structuring
- Debt and Equity Structuring
- EPC and O&M Agreements and Associated Risks
- Financial Modeling
- Financing Documentation
- Valuation Principles
- Customized Training Programs
Synergy Experience in Key Training Programs on Project Finance & Financial Modelling:
Government
- National Water Company (NWC), Saudi Arabia
- Saudi Water Partnership Company (SWPC), Saudi Arabia
- Jordan PPP Training (Held Online)
- Large KSA state institution Training (Held Online)
- IPP Association of Nigeria (IPPAN), NBET & All Government Stakeholders
- Cameroon – ARSE & Ministry of Energy
- Ethiopia – EEPCO & Ministry of Finance
- Ghana – ECG, VRA, Ministry of Power, Ministry of Finance
- Governments of India, Nepal, Sri Lanka/USAID – Utility companies
Private Developers
- Saudi Tabreed & Miahona Company
- ACWA Power International
- Metito Utilities
- Advanced Water Technologies
- SEPCOIII