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By Nick Flitterman

Portland Wins PFI Award

Portland Wins PFI Award

The $1.4 billion financing for the Offshore Cape Three Points project, where Portland acted as Financial Advisor to UK Export Finance, has been awarded “2016 African Oil & Gas Deal of the Year” by Project Finance International. The picture shows the UKEF and Portland team at the Awards Dinner at which the award was presented.


From left to right: Oliver Irwin (Milbank), Iain Hackston, Margaret Eyres (UKEF), Joe Shephard (UKEF), Keith O’Donnell, Frauke Bialokoz, Tim Loy (UKEF), David Craig (UKEF), Geoff Knox and Richard Simon-Lewis (UKEF).

By Nick Flitterman

Yamal LNG signs €200 million JBIC deal

On 15 December 2016 Yamal LNG signed a 15 year loan agreement with the Japanese Bank for International Cooperation (JBIC). Portland advised JBIC in relation to this financing. The financing is the final piece of the overall $19 billion financing for the Yamal LNG project which also comprises facilities from Chinese and Russian lenders and loans supported by SACE and COFACE. Portland advised China Development Bank, China Eximbank, EXIAR (the Russian export credit agency), SACE, COFACE and JBIC in relation to this ground-breaking financing.

For further information contact Geoff Knox on +44 20 7183 8387 or geoff.knox@portlandadvisers.com

 

By Nick Flitterman

Yamal LNG signs €750 million SACE and COFACE deal

On 12 December 2016 Yamal LNG signed 15 year loan agreements supported by Servivi Assicuratavi del Commercio Esterio (SACE) and Compaignie Francaise d’Assurance pour le Commerce Exterieur (COFACE). Portland advised both SACE and COFACE in relation to these financings. These facilities are in addition to the $12 billion of financing provided by the Export-Import Bank of China and China Development Bank in April 2016, on which Portland also advised.

For further information contact Geoff Knox on +44 20 7183 8387 or geoff.knox@portlandadvisers.com

 

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

 

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 portland2015a

Portland Secures Two More Mandates

Portland Advisers has secured two new financial advisory mandates – one in the UK raising construction finance for two solar parks and the other providing bidding support for a waste infrastructure project in Greece.
The former is to raise finance on a short term basis for two solar parks in the South West of the UK with a nameplate capacity of c. 15MW. A potential lender has been identified and at present a comprehensive due diligence exercise is under way with EPC / solar panels most likely being sourced from Germany. Financial Close is envisaged for late December 2013 and construction of the plants will commence in December with the objective of having the plants grid-connected prior to 31 March 2014 in order to achieve 1.6ROC/MWh revenue support.
In Greece, Portland is advising a Greek construction consortium for two infrastructure projects (waste) – one project located in the Athens area and the other located in the Patras area. Both projects will use MBT technology sourced from a highly experienced German supply chain. The consortium has been pre-qualified and after a competitive dialogue with the authorities will have to provide a financial and technical binding bid with the target date of April 2014. Portland is advising how to best structure the debt portion of the transaction.

For further information contact Klaus Frietsch at klaus.frietsch@portlandadvisers.com or on +44 20 7183 8394 or Mike Harlow at mike.harlow@portlandadvisers.com or on +44 20 7183 7200

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Portland on the BBC – Champions League Final in focus
Portland in the Economist
Portland expands into Asia