MANDATES
Natural Gas Infrastructure Project - USD 600MM.
We are the lead transaction advisor for MOGS International (Pty) Limited in respect of project appraisal, concept development and project management for the acquisition and development of a natural gas transmission pipeline network in Ghana. This project will implement an onshore and offshore gas pipeline from Takoradi to Tema to deliver gas to the power plants in the Aboadze Power Enclave and onward to the Tema Power Enclave.
Refined Petroleum Products and Gas Distribution Infrastructure. - USD 430MM.
This project was promoted by BOST Pumpuni Terminal Limited (BPTL), a joint venture between Bulk Oil Storage and Transportation Company Limited (BOST) and MOGS International (Pty) Limited, to develop new petroleum products and LPG storage terminal at Pumpuni, Western Region, Ghana. Merson raised project development funding for the project and served as the Project Manager and Transaction Advisor throughout the project development process.
Structuring and negotiation of bank guarantees for Karpowership IPP Project - USD 79MM.
Electricity Company of Ghana (ECG), being ultimately responsible for the provision of fuel for power generation, granted a fuel supply contract to BOST and it’s fuel trading partners, who in turn established the guarantees in favour of Karpowership on behalf of ECG under the Power Purchase Agreement between the two parties for a 450MW power barge. Merson proposed the structure and advised on the negotiation of the Term Sheet for the guarantees and the Fuel Supply Agreement.
Tema Offshore Mooring Facilities – Single Point Mooring & Conventional Buoy Mooring Concession - USD 90MM.
Merson Consulting was the Lead Transaction Advisor to Tema Oil Refinery Limited (TOR) for the acquisition of offshore mooring facilities (SPM, CBM and a Jetty) for the receipt of crude oil and refined petroleum products as well as the sale of shares in Ghana Petroleum Mooring System Limited (GPMS), a special purpose vehicle set up to operate and maintain the facilities.
Debt Raise - USD 30MM.
A Toronto Stock Exchange (TSX) listed exploration mining firm, based in Accra, mandated Merson Capital to raise debt capital to fund its expansion plans. The funds were successfully raised from Standard Chartered Bank PLC, London, UK. All terms and covenants were agreed to. The directors eventually opted to do a secondary listing on the TSX on the back of a spike in the share price.
Business Restructuring
Main Investments Limited (now Merson Consulting) was Lead Local Advisor on the Business Restructuring and Community Relations mandate for a TSX listed junior gold explorer.
Equity Raise - USD 750,000
A junior oil and gas explorer mandated Main Investments Limited (now Merson Consulting) to raise seed capital to fund the initial commitments of acquiring marginal oil blocks in Nigeria and gas assets in Kenya. The funding was raised from High Net Worth individuals.
Toronto Stock Exchange (TSX) Listing - USD 46 million
Main Investments Limited (now Merson Consulting) was the Local Advisor to an Accra based exploration mining firm on the listing process on the TSX. This was the first listing on the TSX of a firm, originated and solely operating in an African country.