Project Finance Fundamentals for Infrapreneurs

Brickstone Dealcamp Series

Project Finance Fundamentals for Infrapreneurs

Introduction

Brickstone Dealcamps Series were designed for the African Infrapreneur developing projects but lack the knowledge of basic limited recourse financial principles in making the deal happen. 

We define “Infrapreneurs” as Entrepreneurs or business owners who are typically in corporate business but now wants to develop a new project. They also called Project Sponsors in the Limited Resource Finance space. These individuals often point to project finance being the most important skill they cherish. What complicates the matter further is that debt and equity financial decision making in the context of new project ventures is different from materials taught in most finance & accounting courses.


Who Can Participate?

This course is aimed primarily at CEOs with little or limited finance knowledge but who are incubating projects in Energy and Infrastructure space. Brickstone believes it is also important important that CEOs have a solid grasp of basic project finance awareness in order to agree with other project stakeholders and appreciate project finance principles that affect the value of their large scale projects

Content Outline

The course provides important experience and practical teaching over 3 days of a typical Project Finance Life Cycle.

A. Introduction

Session 00: Course Introduction
Session 01: Motivations for Project Finance
Session 02: Overview of Project Finance Phases

B. Early Stage Project Development Stage

Session 03: Key Issues Early Development Stage and Importance of the Special Purpose Vehicle
Session 04: Practical Exercise – Contractual Flow Charts & Project Types Case Studies Examples
Session 05: Importance of Contracted Revenue and Turnkey Construction Delivery
Session 06: Early Stage Project Assessment using Financial Model

C. Pre-Financing Stage

Session 07: Key Issues Pre-Financing Stage (including Principles of Risk Allocation)
Session 08: Key Project Documents (Key Agreement, Organizational and Cost Agreements)
Session 09: Application of Financial Models in Negotiations: Discussion focussed on DSRC
Session 10: Practical Exercise – The DSRC
Session 11: Environmental Due Diligence Checklist
Session 12: Tendering Process for EPC Contacts: Key Issues for Infrapreneurs

D. Financing Stage

Session 13: Letters of Intent, Term Sheets, Commitment Letters, and Mandate Letters

Session 14: Understanding Investor Motivations for Debt and Equity Investors
Session 15: Introduction to Loan Finance Documentation

 

E. Post-Financing Stage

Session 16: Project Monitoring, Operation & Management: Issues for Infraprenuers
Session 17: Case Studies and Discussions

Duration

3 Days (9.00 am to 5.30pm daily)

Location

Lagos (6-8 February 2020)

Abuja (20 -22 February 2020)

Facilitators
Jobalo Oshikanlu
Jobalo Oshikanlu
Consultant
Investments, Legal & Compliance
ARM-Harith Infrastructure


Jobalo is a highly experienced corporate and commercial lawyer with extensive experience in infrastructure project development, infrastructure project finance and implementation, as well as private equity. Currently, he works as Consultant at ARM-Harith Infrastructure Investment Limited (ARMHIIL), manager of the ARM-Harith Infrastructure Fund, where he is responsible for Investments, Legal & Compliance. Prior to joining ARMHIIL, Jobalo was Executive Director and Head of Legal at Lekki Concession Company for 7 years. He also had prior experience with the law firm of Aluko & Oyebode where he was involved in litigation, oil & gas, mining law, banking, corporate finance, project finance, corporate restructuring and M&As. He was a key member of the Privatization and PPP advisory teams at the firm.

Jobalo holds a Bachelor’s degree in Law and a BL from the Nigerian Law School. He is a Barrister and Solicitor of the Supreme Court of Nigeria, a member of the Nigerian Bar Association and of the International Bar Association. He is also an alumnus of Cranfield where he obtained an Award in Business & Leadership.

Fola Fagbule
Fola Fagbule
Senior Vice President
Head, Financial Advisory
African Finance Corporation


Fola Fagbule is a banker and investment professional focused on infrastructure in Africa. He currently serves as a Senior Vice President and Head of Financial Advisory with overall responsibility for mergers, acquisitions, capital raising and other technical advisory assignments at the Africa Finance Corporation (AFC). His work revolves around large infrastructure projects, companies and investments across sub-Saharan Africa. AFC is a US$4.0bn infrastructure financier working across nearly 30 countries in Africa.

Fola has worked at AFC in various roles for nearly a decade and is currently focused mainly on leading the delivery of advice to various clients including governments, private funds, large corporates, private developers, state-owned entities and central banks. Prior to AFC, Fola worked as an investment banker at Afrinvest, a London and Lagos based securities firm. At Afrinvest he focused originally on mergers, acquisitions and capital raising; then subsequently led the investment research department. Fola has received a Master of Business Administration (MBA) degree and prior to that a Bachelor of Science degree in Physics.

Femi Awofala
Femi Awofala
Founder & CEO Brickstone
Head Infrastructure Acceleration Programme


Femi is the founder of Brickstone and has practical experience in advising companies and governments on private investments in energy , real estate and infrastructure, including structuring and executing project/structured financings and M&A transactions. He leads Brickstone’s Origination & Commercial advisory team in Energy, Infrastructure and Real Estate

Femi was an investment banking professional with Vetiva Capital Management Limited where he led teams on several M&A transactions, capital raisings programmes as well as structured/project financings of over $500 million. Prior to joining Vetiva Capital Management Limited, he was at the ARM Investment Mangers and was part of the private equity real estate team and he assessed potential real estate investment opportunities, prepared detailed financial models and valuations and oversaw property development, construction management, coordinated marketing, contract negotiations and closings for a real estate developments; Femi has a first degree – B.Sc Geology from University of Ibadan and Masters in Business Administration (MBA) from Lagos Business School, Pan-African University. He is the Facilitator and Lead of the Mining –Manufacturing Policy Commission of the Nigeria Economic Summit Group.

Training Fee ( Terms and Conditions Apply) VAT Inclusive

NGN 195,000

Payment to be made to
BRICKSTONE INVESTMENT MANAGERS LIMITED / FIRST BANK PLC / 202 234 7194
Please send evidence of payment to dealcamp @ brickstone.africa
Call us on +234-814 990 6488 (Direct Line)

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Preferred LocationLagos (6-8 Feb 2020)Abuja (20-22 Feb 2020)
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