IndustriesInfrastructure
Infrastructure
Financial groundwork for long-term infrastructure
We help developers, operators and investors model projects, structure financing and make capital decisions that hold up over decades.
Talk to us about a project model, financing or an acquisition.
Who we work with
From concept to operation
Infrastructure is capital-intensive and built to last, with returns spread over decades and exposed to rates, inflation and policy. We start with where the project stands.
Developers and sponsors
Feasibility and project models, capital structure and phasing, and the case for lenders and partners.
Owners and operators
Operating budgets, refinancing, capital renewal plans and performance reporting over the asset’s life.
Investors and lenders
An independent review of project economics and risk, valuation, and diligence ahead of an investment or financing.
Decisions we support
The decisions infrastructure teams bring to us
Each one links to the practice that handles it, so you can go from the question in front of you to how we answer it.
A project model lenders will trust
Construction, operations and financing in one model, with the sensitivities lenders and partners test.
Structuring the financing
Debt sizing, coverage ratios and the mix of debt and equity for single or phased projects.
Deciding what to build and when
Comparing projects and phases on return, risk and timing, so capital goes where it earns the most.
Managing rate and inflation risk
Understanding exposure to interest rates, inflation and currency over the project’s life, and the options for hedging it.
Valuing a project or a stake
Valuations for financings, partner changes and transactions involving operating or development assets.
Buying or selling an asset
Screening opportunities, testing price against the numbers, and supporting diligence through to close.
Our perspective
Infrastructure is financed for decades, so the model has to hold up as rates, inflation and policy change.
We build construction, operations and financing into one model and test the sensitivities lenders and partners will ask about, before capital is committed.
Insights
Related insights
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See how our engagements come together
From project models and financing structures to valuations and transactions, our selected work shows the range of companies we serve and the decisions we help them make.
The firm
An independent firm, built around the work
Engagements are principal-led and staffed to the work, drawing on our network of legal, tax and audit partners where a scope requires it.
Many of our relationships continue well beyond the first mandate, as fractional controller or CFO, as research partner, or as adviser on the next raise or transaction.
Principal-ledSenior attention from scoping through delivery.
Hands-onInvolved from the first model through to execution.
For the long termOngoing roles as controller, CFO and research partner.
Questions
Questions infrastructure teams ask us
Do you model public-private partnerships?
Yes. We model project structures across construction, operating and financing periods, so each party can see how risk and return are shared.
Can you review a model built by someone else?
Yes. We review and stress-test existing project models, and rebuild them where needed so your team can maintain them.
Do you only work with companies in British Columbia?
No. We are based in Vancouver and work with companies across Canada and internationally.
What does an engagement cost?
It depends on the scope. After a first conversation we send a written proposal with deliverables, timing and fees, so you know the cost before any work begins.
Capabilities
Related capabilities
Project finance modeling
Capital raising
Capital allocation
Hedging and risk management
Business valuation
Mergers and acquisitionsAlso for infrastructure teams: Debt financing in Vancouver
