Project finance

Grant Thornton India's Project Finance and PPP Practice - a new addition to the Corporate Advisory Group - can assist with any kind of PPP/PFI and project investment advisory...

...If you are looking to appoint owner's consultants for MRT projects in the PPP domain, develop business cases or structure PPP projects in the Health, Education, Housing and Waste Management sectors, attract international strategic equity investors for your Greenfield Thermal/Renewable Power Project, identify opportunities, carry out integrated financial & commercial due diligence and enter into Coal Mining JVs overseas, then you should speak to one of our practitioners who can advise you on all the intricacies of such transactions.

Government Advisory

To provide you with the best PPP/PFI advice, it is vital that your advisers have a real understanding of both bidding organisations and their funders and are aware of market developments across a wide range of sectors that have adopted public-private partnership.

Our suite of services in such projects include valuation opinions, financial modelling, development of risk matrices, bid evaluation and negotiation support.

We can project manage the entire RFP process for you. We have experience in assisting clients in drafting tender notices writing market briefs and developing the memorandum of information and have a variety of standard templates and examples used successfully in other projects which the state/local governments would be able to draw on.

A key issue in producing these documents is that the potential bidders should be given confidence that the procuring agency's Project Team is in control of the process. In such a role we would embed our consulting team within your Project Team to work seamlessly to achieve your time bound initiatives on complex projects.

Transaction Support

Inevitably, most growing businesses and complex infrastructure projects will have to consider a cross-border transaction such as entering into a JV overseas or inviting an overseas investor to take up an equity position in their business or project SPV. Our aim is to enable owners and managers to make such investments with confidence by supporting and advising at every stage. We will help reduce the risk and stress of investing at home or in another country.

We will ensure the transaction is right for you through our extensive due diligence experience on acquisition targets and promoters, producing a commercial report that analyses every aspect of a target's business such as its historic and potential financial performance, the sustainability of its markets, the strength of competition and the competence of its management.

In addition, we will utilise the close relationships we enjoy with the major private equity houses and other financial institutions to match the right team with the right funder.

Our advice is pro-active, commercial and solution orientated. Potential deal breakers will be highlighted early, maximising time available to find a resolution.

Global Knowledge Pool and Local Presence

Grant Thornton India works together with other member firms to pool knowledge and experience, thus bringing valuable local and global thought leadership to clients. This includes a programme of inter-firm transfers and temporary placement of professionals into client project teams located within governments and private sector. Clients benefit from our multi-country presence, especially when it involves cross border deals. With 600 offices worldwide we are in a position to identify opportunities and partners not visible to others. Above all the Firm markets its partner led yet cost effective international service capability as its USP.

Some of our recent trans-border engagements include:

• Limited scope financial and business due diligence on a North African entity - the target of acquisition for a major public sector undertaking in the fertilizers and chemicals space
• Assistance to Grant Thornton, UK and Government of India's lawyers in the Enron/ Dabhol Arbitration Settlement proceedings.
• Acting on a mandate from the promoter of a Greenfield Thermal Power Project to arrange an international strategic equity investor for a 1015 MW coal fired plant in South India.
• Identification of two coal mines in Indonesia - we are now in active dialogue with several leading Indian business houses for structuring a coal mining JV with the Indonesian owners and for importing coal into India.
• Extending assistance to an international investor with the valuation of a power plant - current assignment jointly with Grant Thornton, Vietnam.