Capital Advisory

Debt Financing

Access to debt is often easier than managing it well. Poorly structured borrowing can constrain a business long after the capital is deployed, particularly across jurisdictions.

We advise on debt structures aligned with business cash flows, jurisdictional constraints, and risk appetite, ensuring sustainable leverage without creating future strains. We support clients by:

• assessing how much leverage the business can sustain based on real operating cash flows — whether for ongoing operations, expansion, or potential acquisitions.
• evaluating financing options for specific situations, including acquisitions, where we assess how a target can be financed without overextending the business.
• comparing structures across different forms of debt (e.g. term loans, revolving credit facilities, project financing, acquisition financing) available in different markets.
• guiding discussions with lenders on key terms such as repayment structure, security, and covenants (e.g. amortisation schedules, collateral packages, financial covenants).
• working with your legal and finance teams to ensure terms are clearly understood and properly implemented.

Growth Capital

Raising equity capital can introduce new investors into the business, or deepen the commitment of existing shareholders. In either case, it shapes ownership, control, and the long-term direction of the company. The quality of that alignment matters more than the capital itself.

We support capital raising strategies for expansion, including identifying suitable investors, structuring entry terms, and aligning funding with long-term strategic positioning.

We help clients:

• determine whether equity funding (growth capital) is appropriate at their current stage of growth.
• assess investor profiles that align with their strategy and operating realities
• structure entry terms that balance funding needs with ownership, control, and future optionality.
• prepare for investor engagement, including how the business is presented and defended.

Where required, we support negotiations directly, ensuring that discussions remain grounded in commercial reality, not just headline valuation.

Company Valuations

Valuation is often treated as a number to negotiate. In practice, it is a reflection of how others assess your business — its risks, its growth prospects, and its ability to deliver.

We work with clients to:

• understand how lenders and investors will assess the business, and what drives their view on value (risk, growth, track record).
• develop valuation frameworks that present the business in its strongest defensible position, grounded in commercial reality, market conditions, and underlying operational fundamentals.
• use scenario and sensitivity analysis to identify the key drivers of value, and assess how changes in these drivers may affect valuation under different conditions.
• use valuation insights to make informed decisions — including the timing, scale, and terms of any capital raise.

IPO Preparation

Public listing offers businesses a strategic path to capital and expansion. Moving from private to public markets demands a higher level of accountability and regulatory rigor.

However, going public is not simply an execution exercise. It requires a level of discipline and preparation that many founders are navigating for the first time. In practice, companies often find themselves reacting to the requirements of sponsors, auditors, and regulators, leading to inefficiencies, delays, and missed opportunities.

We act as client-side advisor, sitting on the same side as the founders and management team. Unlike other advisors whose roles are defined by specific mandates, our responsibility is to the company’s overall outcome. We provide an independent perspective by helping clients understand the implications of advice received, challenge assumptions where necessary, and guide decisions that are aligned with their long-term objectives.

Governance & Structure

We work with management and legal advisors to ensure that governance structures are compliant, aligned with the company’s strategic objectives and ownership considerations, and meet public market expectations.

• review whether proposed governance structures align with the company’s strategy and meet public market expectations.
• provide an independent perspective on board composition, committee structures, and oversight frameworks.
• ensure governance decisions are coherent with ownership, control, and long-term positioning.

Financial Readiness

We work alongside management and auditors to ensure that financial reporting and controls are compliant, and consistent with how the business is positioned to the market.

• review whether financial reporting, controls, and processes meet public market expectations.
• identify gaps in financial discipline that may affect investor confidence.
• ensure consistency between financial disclosures and the company’s strategy and positioning.

Regulatory & Listing Compliance

We work with sponsors and legal advisors to ensure that regulatory requirements are clearly understood and addressed in a structured and commercially sensible manner.

• help interpret regulatory requirements in the context of the business and its strategy.
• review disclosures to ensure they are consistent, defensible, and aligned with the company’s positioning.
• maintain clarity on key regulatory issues and their implications for the listing process.

Equity Story & Market Positioning

We work with management and sponsors to ensure that the business is presented to the market in a way that is clear, credible, and aligned with its underlying fundamentals.

• provide an independent perspective on the investment narrative and its credibility.
• ensure alignment between strategy, financials, risks, and market messaging.
• challenge assumptions to ensure the story withstands investor scrutiny.

Execution Readiness

We work alongside management, sponsors, and advisors to ensure that the IPO process remains coordinated, disciplined, and aligned with the company’s objectives.

• maintain oversight of preparation timelines, key milestones, and interdependencies.
• ensure alignment across legal, accounting, and sponsor workstreams.
• identify potential gaps, inconsistencies, or risks in execution and address them early.