LMS Role
Engaged by Claymore Advisory (lead advisor to equity) to provide financial modelling and analytical support to a bid group with sponsors Balfour Beatty and HRL Morrison. LMS adopted an early stage model and via continuous liaising with all members of the bidding group, including lenders, equity, tax, legal, builders and O&M, LMS re-structured the model to be both fit-for-purpose and with various optimisation tools / macros to establish best bidding pricing and structure according to a multitude of scenarios.
The Balfour Beatty / HRL Morrison bid was shortlisted in a competitive process and then was awarded preferred bidder status. LMS continued to provide financial modelling, analytical and latterly documentation support to the team until and through financial close as well as being central to the debt swap rate setting.
Client
Claymore Advisory is an independent project advisory and specialist finance arranging company. Claymore’s team of experienced directors have completed mandates on behalf of some of Australia’s major companies and government organisations. Areas covered by these mandates vary from PFI and PPP projects, large operating and leveraged leases, corporate mergers and acquisitions, asset divestments and acquisitions, structured and project finance advice and arrangement, to the placement of bank debt and long term capital markets bond issues for highly rated clients.
Claymore received the award of ‘Project Finance Firm of the Year’ in Finance Monthly’s Global Awards 2015.
Other Engagements
In relation University of Wollongong project:
- Operational model (from February 2015)
LMS developed an operational actuals upload, forecast and tracking tool for use by the management services provider, InStruct (now Plenary)
In relation to Claymore Advisory:
- Model review (from August 2015)
LMS provided a detailed mechanical and high level commercial review of a portfolio credit support model. - James Cook University Student Accommodation PPP (from December 2015)
Build of PPP model and transaction support for duration of this bid process. Final shortlist, but not preferred bidder. - Australia National University Student Accommodation PPP (from January 2016)
Build of PPP model and transaction support for duration of this bid process. Final shortlist, but not preferred bidder.