January 2014 saw the establishment of Bosch Capital and to-date there have been a few noteworthy achievements. To recap the offerings from Bosch Capital:
Fund raising for project development and feasibility studies;
- Purpose built financial models;
- Structuring solutions to raise finance for projects and the subsequent capital raising process; and
- Invest and manage investments in strategic projects.
One particular project underway involves Bosch Capital partnering with Cresco Project Finance to assist in the early stage development of a biomass renewable energy project in South Africa. The anticipated capital expenditure for this project is in excess of R1bn.
Together, Bosch Capital and Cresco Project Finance have prepared detailed financial models, economic and commercial viability assessments and provided a framework for development fund raising and joint development by all stakeholders. Bosch Projects has completed a detailed technical pre-feasibility report in order to advance the project further down the development life cycle.
This project has highlighted the benefit for our clients that the integration of financial and engineering solutions from the Bosch Holdings’ group of companies brings. We look forward to a successful future with Bosch Capital.
Jarred Roberts – RobertsJ@boschcapital.co.za