Case studies
Private Equity Fund
Thermal power portfolio acquisition
Private Equity Fund
Thermal power portfolio acquisition
We supported the successful acquisition of a portfolio of NW European thermal power plants, delivering extensive market analysis & stochastic asset valuation.
Client Challenge
We worked with the client to assess and value a target portfolio covering multiple assets and markets.
Our Solution
We conducted a ‘deep dive’ analysis of the evolution of NW European power markets. This fed into stochastic modelling of the margin distributions of the individual power plants.
Result
Our market & valuation analysis supported the client’s investment committee approval and successful acquisition of the portfolio.
LNG Portfolio Player
LNG flex portfolio bid
LNG Portfolio Player
LNG flex portfolio bid
We delivered valuation analysis to support a bid for a portfolio of LNG assets, including regas capacity & supply contracts.
Client Challenge
We were engaged to provide an external view on the value of LNG portfolio flexibility.
Our Solution
We worked with the client to define a set of assumptions on market evolution. We then applied these via our LNG portfolio valuation modelling framework to estimate the incremental value of adding the assets.
Result
We delivered our analysis via an interactive workshop with the senior commercial stakeholders.
Infrastructure Fund
Midstream gas portfolio acquisition
Infrastructure Fund
Midstream gas portfolio acquisition
We led commercial due diligence for a client who successfully acquired an equity stake in a portfolio of North Sea gas processing assets and associated contracts.
Client Challenge
We were engaged to lead the commercial due diligence workstream for the client, providing a detailed and objective assessment of value & risks.
Our Solution
We produced a full set of Commercial Due Diligence reports, including asset margin projections and analysis of key portfolio value drivers and sources of risk.
Result
Our commercial due diligence and asset valuation analysis supported the client’s successful acquisition of an equity stake in the portfolio.
Infrastructure Fund
Battery portfolio bid
Infrastructure Fund
Battery portfolio bid
We supported the client’s initial and final round bids for acquisition of one of Europe’s largest battery developers (with a 2GW project pipeline).
Client Challenge
We were commercial due diligence advisers to the client, leading the market and asset valuation analysis workstreams.
Our Solution
We conducted a detailed analysis of the evolution of the role & value of storage flexibility in the UK power market. We also delivered detailed analysis of battery margin stacks and associated risk/return dynamics.
Result
We ran a workshop with the client’s investment committee to deliver & debate key conclusions, in support of a binding bid on the portfolio.
Infrastructure Fund
Gas storage portfolio acquisition
Infrastructure Fund
Gas storage portfolio acquisition
We led commercial due diligence for the successful acquisition of an equity stake in a portfolio of Central European gas storage assets and associated capacity contracts.
Client Challenge
We advised the client on evolution of Central European gas market price signals, valuation of storage assets, contracting strategy and focus areas for enhancing returns.
Our Solution
We prepared a Red Flag Report & initial review of asset margins, followed by a full Commercial Due Diligence Report covering asset valuations and key commercial considerations.
Result
Our advice and analysis supported the client’s successful acquisition of the portfolio of storage assets.
Infrastructure Fund
Interconnector valuation and bid
Infrastructure Fund
Interconnector valuation and bid
We delivered market analysis and interconnector margin projections that supported a bid for a stake in an interconnector between UK & Continental Europe.
Client Challenge
We were engaged to conduct market & asset valuation analysis and to help communicate this to key client stakeholders.
Our Solution
We undertook detailed analysis of the evolution of price spreads & volatility between UK & NW Europe. We then used our stochastic interconnector valuation model to project asset margin distributions.
Result
We presented analysis to the client’s investment committee and supported bid preparation.