OFFICE:FMA has successfully created, developed, and completed projects worldwide, promoting sustainable and inclusive economic development and investment. The following are a selection of past projects.
Comprehensive Public Markets Study: For a large commercial client, provided desk and field research on the overall public and private debt and equity market in Vietnam. Work included primary interviews with government, financial market, banking officials, and corporate executives and performing liquidity and
Regulatory, Investment, and Legal Environment Roadmap: For a multi-billion-dollar investment fund (public and private equity), conducted due diligence on Indonesia’s regulatory, investment, and legal environment to evaluate potential infrastructure-sector investments. Project resulted in a detailed
Development Impact Bond to Support Sustainable Fisheries: For a leading foundation, oversaw the creation of a development impact bond to mobilize private capital to finance performance-based conservation. The bond was meant to bridge the gap between municipal financing, foundation capital,
Middle East North Africa Investment Initiative: For USAID, led the effort to develop a methodology and assessment of the Lebanon, the West Bank, and Israel-area entrepreneurial ecosystem in support of a potential $500 million US-led investment initiative. This three-month assignment resulted in the
Financial Services Development for Smallholder Farmers: In collaboration with a large consulting firm, working with several foundations, DFIs, and donor organizations, including USAID, built a multi-donor and investor platform for the development of financial services for the smallholder farmer market with
Financing Leading Microfinance Organization with Rural Presence: For Letshego, a leading microfinance institution serving over 300,000 customers across Sub-Saharan Africa, marketed a placement of high-yield bonds to institutional investors in the US. This Botswana-based institution, is focused on inclusive
Oil and Gas Initial Public Offering: For Jubilant Energy, an emerging upstream oil and gas exploration and production company in India and Myanmar, led the US sales effort for its Initial Public Offering of 21.8% of the company to institutional investors. A portion of the IPO proceeds were allocated to the
Financing a Leading Zambian Agricultural Company: For Zambeef, a leading Zambian agricultural company with a focus on sustainable development and social responsibility, managed a rights issue, placement, and AIM listing. The Banker magazine named this "Africa Equity Deal of the Year." The
Financing a Transportation Asset Acquisition: For a potential private sector lender, conducted due diligence and analysis on a potential asset acquisition in Mexico’s rail and barge transportation sectors. Assignment included business case and financial feasibility analysis to support underwriting efforts.
Supporting Independent Media in Conflict Zones: In collaboration with an interdisciplinary team, provided operational and strategic advice to the management of the Syrian Media Group (SMG). Beyond being one of Syria’s few independent media organizations, providing news and entertainment
Credit Facility for Women and Youth Entrepreneurs: For the World Bank and the Organization of Eastern Caribbean States, structured a partial Credit Guarantee Scheme. Work included, preparing the financial model, business case, investment strategy and roadshow for potential investors in the
Turkmenistan-Afghanistan-Pakistan-India Pipeline Project: For the Asian Development Bank, supported financing a $10 billion cross-border natural gas pipeline project. Assignment included preparing a financial feasibility and risk assessment, and conducting a market and insurance sounding.
Hotel Restructuring, Recapitalization and Local Sale: For a large, US-based real estate investment company, completed a post-bankruptcy restructuring of a hotel development project in Chile. Assignment included drafting a restructuring plan, raising additional capital and, ultimately, selling the
Reassessing Potential of Underused Power Sector Assets: For a private sector firm, developed potential options for monetizing various power generation assets that were under-earning their potential value. Assignment included analysis of the company's assets, business, and financial statements,
Upstream and Downstream Energy Sector Monetization Analysis: For a private company, conducted a country and sector analysis focused on domestic monetization opportunities for numerous countries’ natural gas reserves. Assignment included risk assessment and financial feasibility analysis, and due
Renewable Energy Sector Analysis and Due Diligence: For a leading DFI, conducted due diligence and analysis on market dynamics, sector reform, and the economic frameworks of Ethiopia's power sector that helped develop a pipeline of public-private-partnership opportunities focused on solar- and wind-
Broadening Financial Services Inclusion with Digital Ecosystem: For an international development agency, designed a use case analysis and pilot program with the goal of deepening the financial services sector in a southern sub-Saharan African country. The analysis focused on identifying potential market
Capital Raise for a Leading Agricultural Company: For Illovo Sugar, the largest sugar producer in Zambia, managed a $50-million rights offering. The capital raised financed a major agricultural and factory expansion project, increasing total annual sugar production capacity and expanding sales to
Asset Acquisition Due Diligence and Strategic Analysis: For the board of a large multinational corporation provided due diligence on a potential acquisition of an African infrastructure owner’s operating companies in Kenya, Rwanda, Uganda, and Zambia. Assignment included conducting a
Initial Public Offering for the Leading Brewery and Soft Drink Producer: For Bralirwa, the largest brewer and soft drink company in Rwanda, created a promissory note structure to mitigate custodial risk and facilitate foreign investor access. Sold 60% of the international allocation, which was 5x oversubscribed.
Expanding Entrepreneurial Opportunities: For a social enterprise focused on Kenya, developed business strategy and plan for two core ventures. One project focused on developing economically viable solutions for cotton seed to design projects, including more efficient farming, distribution, and domestic
Financial Underwriting for Leading Power Generation Company: For KenGen, the leading power generator in Kenya, advised, underwrote, and successfully placed a $332million Public Infrastructure Bond issue. Led the development of the roadshow, marketing materials, financial model and strategic
Secondary Placement for a Leading Brewery: For Tanzania Breweries Limited, the largest company in Tanzania, led a $140 million private placement to international institutional investors. This was the second largest transaction in Sub-Saharan Africa in 2015 and was completed, despite a challenging
IPO for an African Fertilizer Producer: For Elemental Minerals Limited, raised C$53million on the Toronto Stock Exchange to develop the Sintoukola potash deposit and related infrastructure in the Republic of Congo, with the goal of supplying farmers across Sub-Saharan Africa with low-cost, high impact fertilizer.
Private Placement for a Fertilizer Company: For Notore, one the leading fertilizer and agro-allied companies in Africa, conducted a $55million private placement. Assignment included marketing the placement to a broad spectrum of US institutional investors. Notore develops products and provides
Support for Agribusiness Financing by Institutional Investors: For Feronia, an agribusiness in DRC, placed $7.8million of convertible bonds with institutional investors with the aim of saving three large oil palm plantations from extinction. Assignment included preparation of marketing materials and
Global Share Placement in the Agricultural Sector: For Astarta, the leading Ukrainian sugar producer and agricultural company, led the global sales effort of a $40 million capital raise. Proceeds allowed Astarta to create a fully integrated production cycle from beet to sugar production to sales, lowering
Financing the Insurance Sector to Institutional Investors: For Universal Insurance Company, one of Ukraine's largest insurers, organized a $25 million financing. Transaction was marketed to a broad range of institutional investors.
Initial Public Offering for the Real Estate Sector: For KDD Group, one of Ukraine's largest residential and commercial property developers, led the global sales efforts for its initial public offering. The $149 million transaction placed with global institutional investors helped finance the expansion of its
Equity and Convertible Bond Placement for Zhaikmunai: For Zhaikmunai, the leading private (non-government) exploration and production oil and gas company in Kazakhstan, coordinated the global sales effort for a $300 million equity and convertible bond placement. Assignment included organizing