Principal Infrastructure Advisor
- Phillip has worked and continues to work closely with merchant and investment banks, such as the Development Bank of Southern Africa Limited, Rand Merchant Bank, Credit Agricole Indisuez, ABSA Bank Limited, Investec, Deutsche Bank, HSBC, HSBC Investment Services (Africa) (Proprietary) Limited, HSBC Equator Bank Privatization, JP Morgan, the Standard Bank of South Africa Limited and Standard Chartered Bank Zambia PLC, as well as the World Bank, notably the privatization unit responsible for Africa and the Indian Ocean.
- Project finance, derivative products and regulatory advice to
financial institutions on the most efficient way of assisting public authorities and municipalities in meeting their obligations within the context of annual financial targets, taking into account budgetary, financial, legislative and regulatory constraints.
- Advising banks, industrial entities and public authorities on matters relating to the financing of infrastructure projects such as schools, roads, airports and telecommunications.
- Corporate restructuring and European law public procurement advice to various public authorities and water utilities
- Advice to banks (such as NatWest Securities Limited, Société Générale S.A. and the Development Bank of Southern Africa) in the areas of bond issues, warrant programs, custodianship arrangements and emerging market securities sale and purchase contracts.
Selected Client Experience:
- Advice to Fieldstone, US financial advisers, advising the Mozambican government, in respect of legal agreement between the government of Portugal and Mozambique relative to the Cahora Bassa project.
- Advising the Namibian Government as regards to regulatory, legal and project financing issues in feasibility study in respect of proposed billion dollar ‘Kudu’ development gas power project.
- Advising the Ugandan Government as to all regulatory, legal and project finance matters in respect of the privatisation of the Ugandan Electricity Board into three separate entities concerned with generation transportation and distribution of electricity.
- Advising a French engineering firm Coyné & Bellier (as part of a consortium advising the African Development Bank) in respect to all regulatory, legal and project finance matters in respect to a feasibility study concerning a proposed hydroelectric project spanning Gambia, Senegal, Guinea, Guinea-Bissau, Central African Republic and Gabon.
- DRC/Australia/Mauritius: Project finance Advice to Ivanhoe Mines Limited. A Canadian publicly listed (Toronto) exploration and mining company, in respect of their activities in the DRC and Gabon including the drafting of an ‘Earn-in’ based JV established in Mauritius with Australian listed mining and exploration company Regal Resources Limited: 2013- 2015
- DRC: General on- going project finance and PPP advice to the Development Bank of Southern Africa as regards investments in the DRC ,Mozambique and elsewhere in Africa;1999 to date;
- England: Project finance Advice to Lovat Inc. and the Royal Bank of Scotland in connection with documents relating to the design, manufacture and delivery to AMEC Group Ltd. of billion dollar tunnel boring machine for use in the Woolwich to Arsenal extension of the Docklands Light-Railway.: 2004;
- France/Central Africa: Advice to the leading French engineering consultancy firm Coyné & Bellier (known since 2009 as TRACTABEL ENGIE (FRANCE) (as part of a consortium advising the African Development Bank) in respect of all regulatory, legal project finance and PPP matters relating to a feasibility study concerning a proposed hydroelectric project spanning Gambia, Senegal, Guinea, and Guinea-Bissau.:2006-2007
- Madagascar: Air Madagascar: project finance, PPP and transactional and regulatory privatisation advice to a consortium led by HSBC Equator Bank plc in relation to the sale of the state airline company “Air Madagascar” and to the Government of Madagascar and the Privatisation Unit of the World Bank (responsible for Africa and the Indian Ocean) in respect of the overall privatisation process in Madagascar with particular reference to the differences between legal systems based on the Napoleonic Code and those based on the common law system. Further advice also provided in collaboration with IOS Partners to Malagasy aviation authorities as to regulatory and safety issues: 2001–2003
- Mozambique/South Africa/: Project Finance and PPP advice to Hugh Brown & Associates (Pty) Limited a South African registered company and to Zambezi Synthetic Fuels SA a Mozambican registered companies and to the Government of Mozambique in relation to a $15 billion USD waste coal to liquids (diesel) project involving the sustainable utilisation of waste coal fines supplied by the Brazilian mining house Vale. The waste coal fines and mounds of resulting soil and water polluting waste, is a catastrophic environmental hazard which could be substantially mitigated by the implementation of this project: ;2/ project finance advice to Hugh Brown & associates and Nacala Power Lda in relation to a $ I billion USD Coal fired power project sponsored by Nacala Power Lda and benefiting from Chinese sourced project finance in respect thereof; Project finance advice to Hugh Brown & Associates in relation to a $ 3 million Ethanol fuel and sugar project with Chinese sourced project financing; and 4/ project finance advice to Hugh Brown & associates in relation to: a $ 100 Million USD Massingir Power project and benefiting from English/ South African and Chinese sourced project financing: 2012 to date;
- Mozambique: ‘Maputo Port’. Project Finance Advice provided to the Development Bank of Southern Africa, a member of the lending syndicate of banks, as to legal, and regulatory issues concerning the implementation of a limited recourse project financing structure bearing in mind South African, English and Mozambican legal constraints 2001 regards regulatory, legal and project financing issues in feasibility study in respect of proposed billion dollar, Nampower, ‘Kudu’ development gas power project.2001
- Nigeria: Project finance advice to Econet Wireless Nigeria Limited and HSBC in respect of a $200 million dollar financing package in relation to a GSM cellular licence acquisition in Nigeria 2002;
- Rwanda: Project finance and PPP advice to relevant municipal authorities as regards regulatory, funding and technical issues related to the possible construction of a toll road around the capital, Kigali taking into account World Bank ‘HIPC’ (Heavily Indebted Poorer Country) guidelines: 2002
- South Africa/Nigeria: Project finance and PPP advice to South African state owned energy company ‘Eskom’ regarding the establishment of a corporate structure for investment in Nigeria and regulatory matters concerning proposed investment in the Nigerian electricity market and drafting of documentation in respect thereof.2001-2002;
- South Africa: Project finance advice to the Development Bank of Southern Africa Limited (“DBSA”) in respect of Financial loan involving DBSA and Rand Merchant Bank as regards an export finance (COFACE) driven 74 million rand industrial water treatment, limited recourse, project financing in Durban, South Africa (sponsored by Ominium de Traitement et de Valorisation (“OTV”); a subsidiary of the French industrial concern Vivendi). 1999- 2000;
- South Africa: Project finance advice to the DBSA, Investec and ABSA Corporate Bank in respect of a 600 million rand consumer water utility supply project in Nelspruit, South Africa (sponsored by the English industrial concern, Biwater plc).1999;
- Uganda: Project finance and PPP advice to Fieldstone (Africa) Pty Limited and the Ugandan Government and the World Bank as to all regulatory, legal and project finance matters in respect of the privatisation of the Ugandan Electricity Board into three separate entities concerned with generation, transportation and distribution of electricity. 2003-2004;
- Zambia Advice to His Excellency Kenneth Kaunda First President of the Republic of Zambia in relation to a potential mining transaction in Angola.2003-2005.