Capital for your projects — and for your company.

A structured sale process in six phases — typically around six months from kick-off to closing. And always through the financing lens: bankability on the buyer’s side directly affects the achievable price.

1. Weeks 1–4
   PreparationData room, FAST model, info memo, equity story — built against the buyer’s bank’s question catalogue.
2. Weeks 4–7
   ApproachLonglist, teaser, NDA, shortlist — discreet and targeted rather than broadly scattered.
3. Weeks 7–11
   Indicative offersQ&A, management presentations, evaluation and comparison of offers.
4. Weeks 11–18
   Due diligenceTechnical, legal, tax, financial — with tight Q&A discipline.
5. Weeks 18–24
   SPA & signingPurchase price bridge, warranties, closing conditions — through to signature.
6. Then
   ClosingConditions satisfied, payment, handover — and onwards into post-closing if you wish.

On the buy side the reverse applies: an acquirer needs early clarity on how much debt the target carries and what it really costs after the price bridge. We review the other side’s model and structure, size the acquisition financing and support the negotiation through to closing.

The common thread: whoever builds data room and model against the buyer’s bank later negotiates the price instead of the discounts — and the existing financing becomes negotiable value: assume, refinance or repay.

Capcanto GmbH · Hamburg

We don’t just build a financial model — we create the quantitative basis for structuring, financing and negotiation.

• What is the project worth? — NPV, IRR, MOIC and purchase price bridge per scenario, including tax and distribution effects.
• How secure is the yield? — P50/P75/P90, power price curves, EEG and PPA regimes: the yield approach that determines debt capacity.
• Is it bankable? — DSCR (minimum and average), LLCR over the remaining term: calculated the way the bank calculates.
• How much debt can it carry? — Debt sizing and senior/mezzanine tranching, cash sweep and exit repayment.
• When does money flow to you? — Distribution capacity, lock-up tests, free liquidity in the first operating years.
• What if things go worse? — Base and downside cases, sensitivities, covenant headroom. To the FAST standard: every assumption in exactly one place, no hidden hardcodes.

Capcanto Ltd. · Nicosia

One contact who holds transaction and delivery together — from kick-off to handover into operations.

• Process management — timelines, workstreams, responsibilities: a schedule that holds because someone runs it.
• DD coordination — advisers, data room, Q&A discipline: keeping short the query loops that experience shows cost the most time.
• Financial close — drawdown conditions, expert reports, contracts: until the money flows.
• Construction & handover — drawdowns, completion, documentation: handed over cleanly into operations.

Capcanto GmbH · Hamburg

Four types of capital, one goal: the structure that leaves as much value as possible with you. Typical ranges in project business:

Ranges indicative — depending on technology, remuneration regime, yield assessments and market environment.

• Senior debt — project finance in the ProjectCo, first-ranking, DSCR- and LLCR-driven, typically 55–75 % of the structure. We calculate the sustainable quota on a P90 basis and negotiate covenants, security and drawdown.
• Mezzanine debt (HoldCo) — subordinated tranche above one or more ProjectCos, secured over shares, cash or PIK interest, typically 10–25 %. Releases equity without giving up shares.
• Corporate financing — the platform level: pipeline, staff, overhead and acquisitions. Items that project finance is structurally unable to fund.
• Building an IPP — our particular experience: financing the hold phase instead of the exit. Bridge to financial close, then mezzanine across the growing portfolio.
• Intercreditor & security — ranking, enforcement rights, standstill obligations: we negotiate the interplay of the lenders from day one.

Capcanto Ltd. · Nicosia

We don’t monitor the inverter — we monitor what carries your financing.

• Covenant monitoring — ongoing DSCR calculation against the facility agreement definition, not the model definition. Early warning before distribution lock-ups.
• Reporting — bank and investor reporting in the required form and time, including variance commentary and covenant certificates.
• Cash & waiver — distribution capacity, cash sweep calculation, liquidity and decommissioning reserves; where needed, waiver negotiation with the lender group.
• Exit readiness — keeping the valuation current, spotting refinancing and upsizing windows, preparing repowering.
• Why with us — a breached covenant costs no kWh; it costs distributions and negotiating position. Whoever knows model and facility agreement spots the deviation a quarter earlier.

Capcanto GmbH · Hamburg

AI creates value where it is embedded in existing processes — not as an isolated solution. That embedding is exactly what we advise on.

• Use-case analysis — together with you, we identify the points in project development, financing and operations where AI measurably gains time or quality: data room preparation, document review, reporting, model maintenance.
• Tool selection & architecture — independent assessment of the tools on the market, with data protection and confidentiality considered from the start: client and project data stays in controlled environments.
• Process integration — embedding into your existing workflows and systems, with clear approval stages: AI delivers drafts and analyses, decisions stay with your teams.
• Implementation & enablement — pilot, rollout and training of your teams. We stay on board until it is lived practice, not just a concept.
• Confidentiality — piloting and implementation in controlled environments: your data remains your data and is never used to train third-party systems.

Capcanto Ltd. · Nicosia