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By Nick Flitterman

Portland advises O3b on a further $460m of financing

O3b Networks closes $460M of new financing to expand its constellation

Continuing the successful relationship with O3b Networks that started with its original financing in 2010, Portland’s Nick Flitterman and Darryck Luiz advised the company on completing its fourth financing in 6 years to fund the expansion of the constellation from 12 to 20 satellites in response to a growing customer demand.

More information on O3b and its successful start to operational life can be find on the company website here.

For further information on this transaction or in relation to satellite financing, contact Nick Flitterman on +44 20 7183 8385 or nick.flitterman@portlandadvisers.com

 

By Nick Flitterman

Portland expands into Asia

Portland Advisers has added two further consultants in response to expanding demand for its specialist project finance advisory services and is opening an office in Hong Kong.

Christopher Green has over 13 years experience in project and export finance both in advisory and arranging roles in Asia Pacific covering a wide range of sectors including telecom, infrastructure, power, steel, manufacturing, oil and gas, financial institutions and sovereign debt. Prior to joining Portland, Chris was Regional Head of Export Finance, Asia Pacific at HSBC for over nine years and before that was with Citigroup’s Project and Export Finance business in both New York and Hong Kong.

In his various roles, Chris has successfully advised on or arranged over US$20 billion in debt through a combination of project, structured corporate, corporate, financial institutions and Sovereigns across Asia – including China, Korea, Japan, Indonesia, Vietnam, Hong Kong, Sri Lanka, Bangladesh, India, Australia, Malaysia and the Philippines and brings considerable expertise in structuring and delivering ECA, MIGA and multi-lateral funded transactions.

Chris will be based in Hong Kong.

Seb Bowden is a highly experienced technical financial advisor, specialising in financial modelling and analytics. He has over 15 years’ experience in PFI/PPP, project finance, private equity and property gained at accountancy firm Grant Thornton and Quintain Estates & Developments Plc.

Seb will be based in London.

Starting with a team of just 3, Portland headcount has now reached 14.

Nick Flitterman and Geoff Knox, co-founders of Portland, said: “We are delighted to welcome Chris and Seb to the Portland fold. The establishment of a presence on the ground in Asia, where we see considerable opportunity, is a significant step for Portland on its growth trajectory.”

By Nick Flitterman

Philp on Financial Fair Play – Portland on the BBC again

The BBC once again sought the input of Portland’s Head of Stadia Financing, Harry Philp as it ran a piece of the topical subject of Financial Fair play this week.

Harry shares the benefit of his experience of working in football financing to opine on what stance UEFA may take on sponsorship as part of FFP, and in particular as it might impact Manchester City and Paris St. Germain – two of the clubs benefiting from ‘close to home’ sponsorship. The full article can be found by clicking here.

To discuss this further, Harry can be contacted at harry.philp@portlandadvisers.com or +44 20 7183 8392

By Nick Flitterman

Portland on the state of Italian football

The BBC once again sought the input of Portland’s Head of Stadia Financing, Harry Philp as it ran a piece of the state of Italian football this week.

Covering topics from TV revenues, to football stadia, sponsors and match day ticket prices, Harry shares the benefit of his 10 years experience of working with Italian football clubs. The full article can be found by clicking here.

To discuss this further, Harry can be contacted at harry.philp@portlandadvisers.com or +44 20 7183 8392

By Nick Flitterman

Portland on the BBC

Harry Philp, Portland Advisers’s Head of Stadia Financing, was interviewed on the BBC’s “Talking Business with Linda Yueh” TV programme ” on 1st March 2014 with the focus of discussion on why foreign investors buy British football clubs.  Harry entered into a lively debate and gave his insight from a financial perspective.

To see the interview in full on the BBC iplayer, click here. The start of the discussion can be found at 12 minutes 15 seconds into the programme.

For further information or to discuss football stadia financing, contact Harry directly on harry.philp@portlandadvisers.com or +44 20 7183 8392.

By Nick Flitterman

Knox acts as Expert Witness

Geoff Knox acted as an expert witness to the Supreme Court of Western Australia in the recently settled $3.5 billion lawsuit filed by Perdaman Chemicals against an Australian subsidiary of Lanco Infratech Limited.

Geoff was approached to use his experience of raising non-recourse project financing for major projects to provide input into matters surrounding the debt financing of the financing of Perdaman’s proposed $3.8 billion urea project at Collie, Western Australia, which collapsed in 2011.

For further information click here

 

 

By Nick Flitterman

BBC seeks Portland perspective on Sir Alex’s retirement

Following the official announcement by Sir Alex Ferguson that he will retire from his position as manager of Manchester United at the end of the current season in favour of a role as Director and Club Ambassador, Portland’s Head of Stadium Finance, Harry Philp, was sought out by the BBC to reflect on the impact this may have on Manchester United’s commercial strategy.

The full article can be found by clicking here.

For further thoughts and insight, contact Harry directly on +44 20 7183 8392 or at harry.philp@portlandadvisers.com

 

By Nick Flitterman

US Ex-Im Bank board approves Indian Solar PV project

US Ex-Im Bank has announced that its Board of Directors has approved an export finance loan of US$ 9 million as part of the debt financing for a 11.6 MW solar PV project in Rajasthan, India sponsored by KSK Energy Ventures, an Indian power developer. Debt is being co-financed by IDBI Bank Ltd. Portland Advisers is acting as financial adviser to US Ex-Im Bank.

The solar panels for the project have been procured from Miasolé, a pioneer in the development of copper indium gallium selenide (CIGS) thin-film PV solar panels which are among the highest-efficiency and lowest-cost solar panels.

Click here for the official press release from US Ex-Im Bank.

For further information contact geoff.knox@portlandadvisers.com

 

 

By Nick Flitterman

Portland Thought Leadership in Nuclear Power financing

David Stearns, who leads Portland’s nuclear power practice, recently published a thought piece in Nuclear Intelligence Weekly, offering perspectives on nuclear power as an asset class and the outlook for attracting low-cost capital for new-build projects.

A copy of the article can be found by clicking here.

For further information, contact David at david.stearns@portlandadvisers.com or on +44 20 7183 9764.

 

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Portland advises O3b on a further $460m of financing
Portland in the Economist
Portland expands into Asia