Lion’s Head specializes in innovative infrastructure investment in African and international capital markets. Our partners have been involved in some of the most complex infrastructure financings in developed and emerging markets. Our experience comprises deal structuring and selling transactions to investors, structuring new investment vehicles for infrastructure and analysing options to link projects more effectively to the international capital markets.
We have advised stakeholders throughout the sector, ranging from project developers to multilateral development banks and commercial investors via funds and other intermediaries.
Our landmark transactions include:
Lion’s Head has been advising the African Development Bank (AfDB) on a new initiative to mobilize large volumes of capital from domestic and international sources to fund infrastructure development on the Continent. This has involved identifying weaknesses and opportunities in financing models and developing tailored solutions. These include bridge loans and partial credit guarantees for project finance. This has led to creation of a new entity, Africa50, separate from the AFDB and with significantly more financial and operational flexibility to meet the needs of the sector.
We are financial adviser to the Emerging Africa Infrastructure Fund (EAIF), a lending vehicle providing long-term capital to infrastructure projects in low income African countries as part of the large umbrella Private Infrastructure Development Group (PIDG). It was established by European donors and has leveraged its initial capital with commitments from the AFDB, Barclays and Standard Bank, among others. It has committed more than US$ 700mm to private-sector projects, and engaged Lion’s Head to assist with new capital raising. We have undertaken financial and portfolio risk modeling, provided ratings advice, and prepared pitch documents to investors. We have also benchmarked EAIF’s capital structure and balance sheet against its peers in the development finance space and provided advice in relation to new lending strategies for fragile countries.