Samalkot achieves financial close
Financial close has been reached on US Ex-Im Bank’s US$ 578 million loan to Samalkot Power Limited. Portland Advisers acted as financial advisor to US Ex-Im Bank. The Ex-Im loan is part of the financing for the $2.5 billion 2,440MW Samalkot Power Project located in Andhra Pradesh, India, a combined cycle gas turbine plant 100% […]
Portland Advisers demonstrates thought leadership in Next Generation Broadband
Portland Advisers has been appointed by the Fibre to the Home Council (Europe) to undertake a study into potential financing stimulus packages for Next Generation Broadband rollout on the basis of Public-Private Partnerships (PPP). The results of this study will be presented by Jacek Krauze of Portland Advisers and Stefan Stanislawski of Ventura Team, our consortium […]
Reficar achieves financial close
The financing for the US$ 5 billion refinery and upgrade project in Cartagena, Colombia being undertaken by Refinería de Cartagena S.A. (Reficar) was signed on 31 December 2011. Reficar is a majority owned and controlled independent subsidiary of Ecopetrol S.A., Colombia’s national oil company. US Ex-Im Bank provided a direct loan and loan guarantees totalling US$ […]
O3b Closes New $137m financing
On 31st October 2011, O3b Networks, advised by Portland Advisers and HSBC, achieved Financial Close on a $137m incremental financing round for the construction of four additional satellites that will boost both capacity and redundancy its MEO satellite constellation. Nick Flitterman, Portland’s Head of Telecoms and lead advisor to O3b said: “This is another great achievement for O3b and a […]
Tottenham Hotspur F.C. win their challenge on the Olympic Stadium
Tottenham Hotspur F.C. (“Tottenham”) successfully won their Judicial Review challenging the financial support being provided by the London Borough of Newham (“LBoN”) to West Ham United F.C. (“West Ham”) in their attempt to secure tenancy of the new Olympic Stadium post the games in 2012. Tottenham successfully argued that the financial support being provided by […]
Portland wins Green Africa Power advisory mandate with PIDG Trust
Portland Advisers, as part of the Trinity Consortium also including Trinity International LLP, a law firm with a specialised focus on Africa, and Evolution Markets, a carbon broker and transaction structuring firm, has won the advisory mandate to progress the development of PIDG’s Green Africa Power (“GAP”) initiative. Each of the three members of the […]
Tottenham Hotspur F.C. Appoint Portland Advisers
Tottenham Hotspur F.C. (“Tottenham”) today appointed Portland Advisers to act as an Expert Witness in the Judicial Review between Tottenham and the London Borough of Newham (“LBoN”) in respect of the financial support Newham was providing to West Ham United F.C. (“West Ham”) in their bid to move in to the Olympic stadium in London […]
US Ex-Im Bank appoints Portland on Samalkot
Portland Advisers has been appointed as financial advisor to US Ex-Im Bank on the $2.5 billion 2,440MW Samalkot Power Project in Andhra Pradesh, India sponsored by Reliance Power Limited. Ex-Im is supporting the purchase of gas turbines and steam turbines from GE as well as other US goods and services. It is intended that the […]
Board Approval from US Ex-Im for Reficar
US Ex-Im Bank has announced that its Board of Directors has approved a $2.84 bilion direct loan as part of the debt financing for the $5.18 billion Reficar Expansion and Upgrade Project at Cartagena on Colombia’s Caribean coast. The financing will support the purchases of equipment and services from over 150 large and small U.S. […]
O3b Triple Award Winner
O3b Networks, the medium earth orbit satellite constellation providing fibre quality connectivity to the emerging markets, has picked up a trio of awards from the financing community on the back of the highly innovative $770m project financing it completed in November 2010. On top of being awarded African Telecom Deal of the Year 2010 from both of the leading […]