Investment Banking Overview


Our investor network and expertise in energy, natural resources, renewable energy and financial services across emerging markets enables us to link investors to projects in some of the world's fastest growing economies.

The team is currently engaged in innovative projects across the natural resource sector and with financial institutions including M&A, debt & equity raising and corporate finance advisory in Europe, Africa and Asia.

Products & Services


Capital Markets

Issuance of debt and capital including Eurobonds, High Yield Bonds and Structured Notes

Equity capital markets, including IPOs, convertibles, exchangeables, block trades and accelerated book builds, private placements

Advisory & Distribution

Connecting company management with international debt and equity investors, modelling, structuring, advising on both technical (indexing, listing strategy) and corporate actions

Our extensive client base and experience provides a unique ability to arrange and distribute transactions

Corporate Finance

M&A advisory and merger analysis Corporate finance advisory, involving review of business portfolios, capital structure, dividend policy and strategic alternatives

Energy finance including Reserve Based Lending (RBL), Project, Infrastructure and PXF transactions

Notable Trades


Early Bird tranche

$25 million 144A 5-year USD notes

Acquisition of up to 40% of Pan African Energy Corporation (Mauritius) for a total consideration of USD130 million

 

Financial Advisor and Placement Agent

USD 60,000,000

Private placement of equity for a biogas and fertilizer plant on Lake Victoria (Kenya)

Advisor and Placement Agent
Ongoing

 

Collateralized Funding (Nigeria)

Joint Placement Agent
Ongoing

 

Advisory to Banco BPI on the strategic options for its African subsidiaries 
(Portugal / Angola / Mozambique)

Joint Advisor
2015 - 2016

USD 120,000,000

Advisory on structuring the rights issue of Sterling Bank (Nigeria)

Financial Advisor
2015

USD 700,000,000

Issue of 10-year notes by the Republic of Angola 
(Angola)

Sole Advisor and Placement Agent
2013

EUR 168,000,000

Rights issue and liability management exercise in connection with the recapitalization of Hellenic Bank (Cyprus)

Sole Advisor and Arranger
2013

USD 1,000,000,000

Arrangement of financing for the investments related to a production field 
(South America)

Sole Advisor
2013

Investment Banking Management Team


London

Andrew Moorfield

Andrew Moorfield

Head of Natural Resources

Dubai

Fabrizio Ferrero

Fabrizio Ferrero

With over 25 years experience at leading financial institutions, Fabrizio was responsible at Morgan Stanley for the relationship with leading financial services companies in Europe and emerging markets. He has an extensive track-record in M&A and capital markets transactions, having originated and executed over 60 deals across M&A, equity and debt for financial institutions in Europe and emerging markets. Having operated in emerging markets since 2004, Fabrizio pioneered deals for Morgan Stanley in new regions including Sub-Saharan Africa and Turkey. At Exotix, he spearheaded the investment banking operations. Fabrizio is a Visiting Professor at the Master of Science program in International Accounting at the University of Turin (Italy).

London

Paul Michowicz, CFA

Paul Michowicz, CFA

Head of Capital Markets

New York

Courtney Fellowes

Courtney Fellowes

Head of Private Placements

Recognition & Awards


Best Frontier Markets Investment Banking Team in the UK

2016 - Capital Finance International

Best Boutique Investment Bank in Africa

2016 - Global Finance Awards