Transactions

Bridge Financing Facility

 

Craven Street Capital advised its client Green City Energy AG in securing a bridge financing facility to be used to fund the construction of photovoltaic and hydropower plants in France.

– Provided assistance in relation to the investor identification, structuring of the transaction, documentation negotiation,  and independent pricing advice

Size of Transaction: Undisclosed
Date of Announcement: July 2017
Status: Closed

Investment in Quai Administration Services

 

PSource Capital advised Punter Southall Aspire (“Aspire”) on the investment into Quai Administration Services Limited (“Quai”)

– Strategic partnership to assist Punter Southall Aspire to transform the way employees engage with workplace saving

Size of Transaction: Undisclosed
Date of Announcement: October 2016
Status: Closed

£30 Million Secured Loan Facility

 

PSource Capital advised Proton Partners International Limited, a pre-revenue company, on securing a £30 million debt facility from Shawbrook Asset Finance, part of specialist lending and savings bank Shawbrook Bank Limited

– Proceeds used to fund development of the first three UK proton beam therapy and radiation therapy centres

– Provided assistance in relation to project and independent due diligence management, securing of banks facility, documentation negotiation, investor identification and independent pricing advice

– Complex deal structure

Size of Transaction: GBP 30 million
Date of Announcement: December 2015
Status: Closed

Acquisition of Private Health Partnership

 

PSource Capital advised Punter Southall Health and Protection Consulting Limited (“PSHPC”) on the acquisition of The Private Health Partnership (“PHP”)

– Increased PSHPC presence in the north of England

– Strategic acquisition to increase the amount of clients that PSHPC advises on to more than 700 corporate clients and 7,500 SME and personal lines clients, worth more than £150 million in insurance premiums

Size of Transaction: Undisclosed
Date of Announcement: July 2014
Status: Closed

Investment in Argentis Financial Group

 

PSource Capital advised Punter Southall Group Limited (“PSG”) on the investment into Argentis Financial Group (“Argentis”)

– Strategic partnership to assist PSG’s financial planning and wealth management businesses to grow further

Size of Transaction: Undisclosed
Date of Announcement: March 2014
Status: Closed

Acquisition of AXA Framlington’s Private Client business

 

PSource Capital was mandated to advise Psigma Investment Management (“PIM”) on the acquisition of the £300m wealth management business of AXA Framlington

– Strategic acquisition to grow the wealth management offering

Size of Transaction: Undisclosed
Date of Announcement: July 2013
Status: Closed

Acquisition of Enrich Consulting

 

PSource Capital advised Punter Southall Health and Protection Consulting Limited (“PSHPC”) on the acquisition of Enrich Consulting

– Strategic acquisition to increase the amount of clients that PSHPC advises on to more than 670 clients, worth more than £100 million in insurance premiums

Size of Transaction: Undisclosed
Date of Announcement: March 2013
Status: Closed

$21 Million Placement
of Shares

 

PSource Capital raised capital for the American company PetroAlgae Inc (“PetroAlgae”), a pre-revenue company developing novel processes and technologies to produce feed and fuel from biomass

– Strategic investment in a leading renewable energy company in a fast growing market

– Proceeds used to continue roll out of licences and continue R&D to maintain lead over competitors

Funds Raised: USD 21 million
Date of Announcement: September 2010
Status: Closed

 

£184 Million Capital Raise

 

PSource Capital advised a pre-revenue UK Life Insurer, Gryphon Group Holdings Limited, on raising £184 million in committed capital in the form of equity, mezzanine, senior debt and financial reinsurance facilities.

– Provided assistance in relation to project and independent due diligence management, documentation negotiation, investor identification and independent pricing advice

– Complex deal structure

Size of Transaction: GBP 184 million
Date of Announcement: January 2017
Status: Closed

Investment in
Future Kings

 

PSource Capital advised Punter Southall Aspire (“Aspire”) on the investment into Future Kings Limited (“Future Kings”)

– Strategic partnership to assist Punter Southall Aspire to improve the services that it provides to its workplace pensions and savings clients

Size of Transaction: Undisclosed
Date of Announcement: September 2016
Status: Closed

Acquisition of Ashcourt Rowan Corporate Solutions

 

PSource Capital advised Punter Southall Group (“PSG”) on the acquisition of Ashcourt Rowan Corporate Solutions Limited (ARCS) from the Towry Group

– Strategic Acquisition to almost double the number of defined contribution clients on PSG’s books to 800

– Acquisition will provide an increased presence in the north and north-west of England with offices in Leeds, York and Manchester

Size of Transaction: Undisclosed
Date of Announcement: October 2015
Status: Closed

£150 Million Initial Public Offering

 

PSource Capital advised the newly merged business, River and Mercantile Group, on its listing on the Main Market of the London Stock Exchange

– Provided assistance in relation to project management, appointment of banks and other advisers, investor identification, demerger from parent company and independent pricing advice

– High pressure to complete transaction on a tight timetable, commencing immediately after merger

Size of Transaction: GBP 150 million
Date of Announcement: June 2014
Status: Closed

Acquisition of Blacktower Financial Advisors

 

PSource Capital advised Punter Southall Group (“PSG”) on the acquisition of Blacktower Financial Advisors Limited (“Blacktower”)

– Strategic acquisition of a leading employee benefit and private client financial planning company in a fast growing market

– The transaction of the Surrey-based IFA sees PSG’s number of private clients rise by nearly 20 per cent to almost 5,000

Size of Transaction: Undisclosed
Date of Announcement: February 2014
Status: Closed

Sale of PSigma Asset Management

 

PSource Capital was mandated by the Punter Southall Group on the disposal of PSigma Asset Management Holdings (“PAM”) to Miton Group plc, a UK based AIM-listed company

– Disposal of a non-core business

Size of Transaction: GBP 13 million
Date of Announcement: July 2013
Status: Closed

$15.5 Million Loan Facility

 

PSource Capital advised Rurelec plc, a UK based AIM-listed company, on securing a $15.5 million debt facility Burford Capital plc

– Proceeds used to fund development of power projects in South America

– Provided assistance in relation to project and independent due diligence management, securing of bank facility, documentation negotiation, investor identification and independent pricing advice

Size of Transaction: USD 15.5 million
Date of Announcement: August 2012
Status: Closed

$120 Million LSE-Listed Fund Management

 

PSource Capital managed the PSource Structured Debt Limited (“PSD”) fund and placed secondary offerings

– PSD included over 80 loan and equity investments into small- and mid-sized US corporates

Maximum AUM: USD 120 million
Date of Announcement: June 2008
Status: Closed

—Undisclosed—

Acquisition of UK Insurance Carrier

 

PSource Capital advised a pre-revenue UK Life Insurer on the acquisition of a UK Life Insurance business

– Full details to be announced in the near future

Size of Transaction: Undisclosed
Date of Announcement: December 2016
Status: Closed

Sale of a 48MW UK Solar Power Plant

 

PSource Capital Limited advised Solaer Energias Renovables on the sale of a 48 MW solar power plant at Eveley Farm. The mandate included:

– Evaluation of different financing and sale options to determine the most attractive solution for the client

– A structured tender process for long-term, inflation-linked project finance debt from UK and international banks

– A structured tender process for the pre-construction sale of the project with a milestone-payment based EPC contract in place

Size of Transaction: Undisclosed
Date of Announcement: March 2016
Status: Closed

Share Sale and Financing Arrangement

 

PSource Capital acted as financial adviser to Jersey based finance business, Acorn Group Holdings (“Acorn”), on the share sale and funding agreement

– Strategic investment in a market-leading Jersey based asset and consumer finance business

– Proceeds used to significantly increase the lending book from £36.5 million

Size of Transaction: Undisclosed
Date of Announcement: June 2015
Status: Closed

Merger with River and
Mercantile Asset Managment

 

PSource Capital advised Punter Southall Group and P-Solve Limited (“P-Solve”) on the merger of P-Solveand River and Mercantile Asset Management LLP (“River and Mercantile”)

– Created a unique proposition incorporating asset management, derivitabes and investment advisory.

– Complex deal structure which included the acquisition of an LLP

– The merger was intended to be a precursor to an IPO

Size of Transaction: Undisclosed
Date of Announcement: March 2014
Status: Closed

Construction Capital Funding and Project Sale

 

PSource Capital was mandated by Rurelec plc, a UK based AIM-listed company, to raise capital to fund the construction of a number of hydro projects in Peru

– PSource previously secured a $15 million debt facility for Rurelec, used to fund development of power projects in South America

Size of Transaction: Undisclosed
Date of Announcement: January 2014
Status: Closed

$25 Million Seed
Capital Raise

 

PSource Capital advised CommEq on raising seed capital from FRM, Man Group plc’s fund of hedge fund division

– Seed capital raised to fund CommEq launch an institutional asset management business

– CommEq will seek alpha through its artificial intelligence based prediction engine

Size of Transaction: USD 25 million
Date of Announcement: July 2013
Status: Closed

Restructuring Advisory Mandate

 

PSource Capital was mandated to advise China Pacific Construction Group (“CPCG”), one of the largest private construction companies in China, on a corporate restructuring project with a view to raising equity from international investors

– Provided valuable advice in relation to project management, capital raises, project finance and corporate restructuring

– Created value by helping CPCG achieve their strategic objectives

Size of Transaction: RMB 42 million
Date of Announcement: 2010 – 2012
Status: Closed

$30 Million Initial Public Offering

 

PSource Capital structured, listed and managed the PSource Structured Debt Limited (“PSD”) fund

– Fund structuring, broker selection and investor roadshow

– PSD included over 80 loan and equity investments into small- and mid-sized US corporate

Funds Raised: GBP 30 million
Date of Announcement: August 2007
Status: Closed