DC Advisory is the winner of the IJInvestor Awards 2024 Financial Adviser of the Year, as judges said it is known for creating innovative solutions to get deals done and that its experience in the market is impressive.  

The submission said that Ventient’s refinancing, which closed in December 2023, is a key example of how the financial adviser provides innovative solutions to complex challenges. 

DC was appointed co-financial adviser with CIBC Capital Markets to Ventient Energy in connection with their €2.6 billion ($2.8bn) debt refinancing, which is thought to be the largest onshore wind refi to date. 

The refinancing, however, included major obstacles. Not only did the company does Ventient have assets across multiple legacy subsidy schemes but during the refinancing, the company commenced its merger with Renantis that had to be delicately managed with lenders. 

Another major obstacle was that existing were secured at historically low rates and new refinancing had to achieve quantitative value and qualitative benefits. 

The financial advisers ran a highly competitive financing process, competing different structures and pools of liquidity across global bank lenders and private placement funds.  

One judge said: “DC Advisory’s role as co-adviser to Ventient Energy on its €2.6 billion debt refinancing demonstrates market leading execution skills with an innovative approach to overcome complexities associated with a cross-border asset base with multiple legacy subsidy schemes, as well as the commencement of a group merger with Renantis during the refinancing process.” 

In the judging period, DC also acted as financial adviser to EQT Infrastructure on its acquisition of Statera Energy. The submission said the adviser played a significant role in providing support across multiple areas within a condensed timeframe. The transaction involved a diverse portfolio of generation and storage assets spread across diverse UK regions, necessitating an extensive and efficient due diligence process. 

DC also advised Conterra Networks on its $580 million refinancing. DC Advisory ran a comprehensive refinancing process, targeting new banks and institutional investors with the aim of establishing a long-term financing platform to support Conterra’s future growth.