Provaris is pleased to announce that it has secured a two-year $3m standby facility through a Convertible Note with Macquarie Bank: https://loom.ly/Qv_Fw4I The Facility provides additional flexibility and source of cost-effective capital to support Provaris’ forward-looking development program in 2024-2025, including development costs for potential hydrogen production and export sites in the Nordic region, the Prototype Tank program and Final Class approvals, and future working capital requirements for the production and sale of small-scale tanks based on Provaris’ proprietary technology. We are also undertaking a Share Purchase Plan to raise up to $2m (before costs) with the offer supported through a partial underwriting of $1m from existing Institutional and Sophisticated shareholders. Funds raised will be applied to the ongoing hydrogen development activities related to both technical and commercial activities in Europe, and general working capital of the group. Read more: https://loom.ly/ESzLGds
Provaris Energy’s Post
More Relevant Posts
-
Excited to formally announce our new venture today: The EBA Strategic Battery Materials Fund. Over the past 18 months I’ve been meeting with evaluation-phase extraction, refining and recycling projects in Europe and in the EU’s new raw material partnership countries. The objective: how can we take the EBA’s industrial battery ecosystem building and InnoEnergy’s unique capital and de-risking of start and scale -up businesses to create a more resilient upstream and circular battery raw materials supply - the weak link in Europe’s fast-growing downstream and application battery value chain. The European Green Deal, towards meeting Net Zero 2050, can only be achieved by expanding the secure supply of raw materials. Now front-and-centre of policy, as evidenced by the new Critical Raw Materials Act, strategic battery material supply activity needs to catch-up in Europe. The EBA Materials Fund’s scope is to fund and de-risk extraction, refining and recycling projects through to FID, with the aim to help close the supply gap and exceed CRM Act targets into the 2030s. We are also targeting new process technology as an enabler for a more efficient value chain, and new material requirements of battery technology coming to market in future. All while meeting the expected sustainability and traceability requirements of European battery customers. Thanks to the hard work of Ilka von Dalwigk, Thore Sekkenes, Wouter Folkers, Diego Pavia, Elena Bou, Karine Vernier, and many more colleagues behind the scenes on the InnoEnergy team, for getting to this milestone. Looking forward to working with our new partner Demeter, and Societe Generale as financial advisor as we start our book build. Contact me to learn more. #batterymetals #fundraising
“Any value chain is as strong as its weakest link. In Europe, materials is the weakest link", said Diego Pavia, CEO of EIT InnoEnergy in #Davos today. This is why we are delighted to launch the EBA Strategic Battery Materials Fund with a target size of €500M, in collaboration with Demeter. The Fund is dedicated to the development of a resilient and diverse battery raw material supply chain for Europe, boosting domestic capacities for strategic battery materials such as lithium, nickel, cobalt, manganese, and graphite. Société Générale acts as the exclusive financial advisor for the capital raising. The Fund was announced today at #WEF24, alongside European Commission EVP Maroš Šefčovič on a panel hosted by Capgemini. #EBA250 #EuropeanBatteryAlliance #CriticalRawMaterialsAct
To view or add a comment, sign in
-
Get to know the portfolio management team of the Invico Diversified Income Fund a little better here:
Invico Diversified Income Fund’s (“IDIF”) Portfolio Managers are complemented by an Investment Team with more than 100 years of collective underwriting experience in the North American credit and energy sectors. This depth of knowledge and expertise has been instrumental in reinforcing Invico’s reputation as a leading Canadian investment firm alongside IDIF, which has delivered value to investors for over a decade: https://lnkd.in/gSBmWAfH To learn more about how IDIF can complement your portfolio, contact us today: info@invicocapital.com #alternativeinvestments #assetmanagement #wealthmanagement #investing #privatecredit #privatedebt #energy
To view or add a comment, sign in
-
Invico Capital Corporation’s long-standing expertise in private credit and energy working interests has allowed us to effectively navigate the differences between Canadian and U.S. economic conditions. Our focus on lending strategies, including syndicated credits and direct lending, has helped enhance the yield potential and provided critical diversification for our award-winning Invico Diversified Income Fund (“IDIF”). With over 100 years of combined underwriting experience and a nearly two-decade-long track record of specializing in the North American private credit and energy sectors, our Investment Team is adept at identifying and capitalizing on discounted secondary market opportunities. This approach has helped enhance cash flows, stabilized yield, and minimized portfolio risk. Explore the advantages of our award-winning Invico Diversified Income Fund (“IDIF”) today: www.invicocapital.com. #SyndicatedCredit #SyndicatedLending #SyndicatedLoans #AlternativeInvestments #Alternatives #AssetManagement #WealthManagement #PrivateDebt #DirectLending #PrivateCredit #PrivateMarkets
To view or add a comment, sign in
-
In recognition of Invico Diversified Income Fund’s (“IDIF”) eleventh anniversary, we are excited to highlight eleven key differentiators and strengths that have contributed to the Fund’s long-standing success and performance. These qualities have helped IDIF stand out in the market and continue delivering value to our investors year after year. #alternativeinvestments #wealthmanagement #assetmanagement #investing #alternatives #privatemarkets #energy
To view or add a comment, sign in
-
Following Actis’ acquisition and rebrand of ORYGEN this spring, we’ve achieved a new milestone for this platform. On 26 September, we achieved the largest ever single tranche Peruvian private corporate bond issuance and the largest capital markets debt raise in Actis history by issuing a US$1.2 billion 10-year bond with a yield of 5.746%. This represents just a 70-bps spread to Peruvian sovereign bonds and a 195-bps to US treasuries. The bond achieved investment grade ratings from all three major credit rating agencies. The bond issue saw significant investor appetite, with over US$5 billion in demand, being 4.1 times over-subscribed and achieving over-subscription levels less than 20 minutes following the announcement – a testament to the confidence placed in Actis’ strategy for Orygen, the firm’s strong track record in Latin American energy infrastructure and the strength of current market conditions. The bulk of allocations skewed towards high-profile asset managers in the US and Europe. The bond marks Orygen's inaugural issuance in the international capital markets and showcases investor appetite towards high-quality Latin American credits. Well done to all involved: José Arruda Junior, Victor Panetta, Bernardo Graf, Guilherme Chaves De Paula, under the leadership of Alberto Estefan and Nicolas Escallon, as well as the Orygen team. #SustainableInfrastructure #SustainableInvesting #Finance
To view or add a comment, sign in
-
Need to close a deal fast? At RRA Capital, we pride ourselves on certainty of execution and delivering rapid closings! Check out a recent deal that Marcus Goodwin successfully closed in just 13 days with Matthew Bucaro of Tauro Capital Advisors, Inc. Don't let tight deadlines hold you back. Partner with the RRA Capital team for fast, reliable, service – every time. #RRACapital #CREBridgeLoans #QuickClose #BridgeLoan #BridgeLending #CommercialLending #CommercialLoans #CommercialFinance #BridgeLender
To view or add a comment, sign in
-
Delighted to have assisted buyside this powerful deal! #DOM, in Ethica Group Global Investments portfolio, has acquired C Blade S.p.A. Forging & Manufacturing, a #manufacturer and #forger of #steam and #gas #turbine #blades. FINANZIARIA REGIONALE FRIULI VENEZIA GIULIA - FRIULIA S.P.A., BNL BNP Paribas Equity Investments, and a group of major investors (connected to Fineurop) joined Ethica Global Investments and other partners in acquiring shares in DOM. The deal was also supported by a loan from Banca Monte dei Paschi di Siena. C Blade, founded in 1963, has been owned by the US holding company SIFCO Industries, Inc since 2015. With two cutting edge industrial plants, C Blade serves the main players in the #PowerGeneration market, as well as some operators in the #Aeronautical space. 116th closing I advised, this time with Alberto Regazzo and OC&C Strategy Consultants Italy team including Giorgio Crainz, Matteo Croci and Chiara Lamberti. Grateful to DOM/Ethica team for the opportunity to work together! 📌 Details in comments OC&C Strategy Consultants is a leading global strategy consultancy, with deep expertise in the #CapitalGoods sector. In private equity, practice that I lead in Italy, we have commercially advised on more than 500 successful transactions over the last 5 years, encompassing sell-side and buy-side roles. #Deals, #PrivateEquity, #Energy, #DueDiligence, #CommercialDueDiligence #ManagementConsulting, #StrategyConsulting
To view or add a comment, sign in
-
March Performance: Protean Small Cap +8,1% Protean Select +3,2% The small cap fund is now up 25,3% in the 10 months since launch. That's 12,3% ahead of its small cap Nordic benchmark index. Protean Select is up 18,7% in the 23 months since launch. Historical performance is no guarantee for future performance. Investments can be risky and you are not guaranteed return of invested capital.
To view or add a comment, sign in
-
Last week, N5X, the joint venture of EEX Group and L4 Venture Builder, held its first #Summit, gearing up to the launch of operations in #Brazil with initial focus on #power futures markets. Focus of the talks were on the importance of #counterparties and #clearing as clarity on the fundamentals supports growth. Tobias Paulun | Demetri Karousos | Marcelo Carvalho
To view or add a comment, sign in
-
Invalda INVL invites shareholders, investors, analysts and all those interested to the #presentation of a EUR 10 million #public #bond #offering on 6 June 2024 at 4 p.m. The presentation will take place remotely and in English. Invalda INVL CEO Darius Sulnis and INVL Asset Management CEO Paulius Zurauskas will speak about the bond issue of the public offering as of 3 June 2024 and its objectives. After that, they will answer participants’ questions. ✔ Questions may be submitted in advance in English by e-mail to egle.dziugyte@sb.lt or via the registration link. ✅ How to join the online event ✔ We kindly ask all those who wish to participate in the video conference to register https://lnkd.in/dPvyQ2y9. Once you have successfully registered, you will receive a link to connect. ✔ The video conference will be recorded and the recording will be posted on Invalda INVL’s website https://lnkd.in/dFeixe9z in the Investors section as well as on the YouTube pages of the company and of Nasdaq Baltic. #invaldainvl #presentation #public #bond #offering
To view or add a comment, sign in
3,582 followers