TRANSACTIONS
AXXA Energia, Chile
Lancaster has been engaged to assist AXXA Energia fund the development of five 3 MW solar plants. The first funding was closed in March 2022 for a total of $22M of combined senior and subordinated loans for the first 3 solar projects for AXXA. CIFI is committed to the funding of the remaining projects.
As AXXA Energia's footprint expands two new mandates were executed, one to monetize approximately $100M of the groups real estate utilized in several energy projects through a mayor publicly traded real estate firm with Leaseback Agreements thereby providing additional liquidity to the group.
Additionally, AXXA has developed two new Back Up projects totaling 300 MW and is in discussions with a mayor Project Finance lender for a senior loan facility (mandate signed 10/21).
In March of 2022 AXXA and CBRE entered into a new agreement to develop the Pudahuel real estate rental housing project in Santiago.
In early 2022 AXXA created AXXANET as a new group company to develop call centers in Chile and to benefit from ample green energy to support a mayor Bitcoin Mining initiative. A NY based investment bank was hired to raise $55M for this project. In spite of the Bitcoin market volatility, the new raise is in advanced stages and plans to close in the 4th quarter of 2022.
Grupo Mezerhane/Coltefinanciera
Grupo Mezerhane's financing company has engaged the services of Aldwich Capital and Lancaster to raise funds to meet the bank's growth objectives. Plan is to raise up to $75M to meet the Coltefinanciera's demand for payroll lending loans in Colombia.
Nueva Degan S.A. (Chile)
35 MW Back-Up diesel energy plant to identify a strategic partner and assist with a roll out of 500 MW of new plants. Prime-Energia was formed with Glenfarme Group LLC, a NY based industrial owner and operator. The $700M project finance structure was put in place and closed in 2018.
Calas Moritos / Energia Ltda. (Chile)
200 MW back up plant mandated to Lancaster in 2019 and $120M transaction is in final due diligence with a world leading project finance international bank and expected to close in the third quarter of 2022.
Solubag SPA (Chile)
Mandated Lancaster in 2020 as a consultant to structure and facilitate the opening of Solubag USA, a plastics replacement product creator, as it enters the US market. Lancaster is arranging the Capital Structure and formation of Solubag USA in Miami and formed a partnership with the well-known Harrington Group, an expert marketing consulting firm. Since 2020 over $2.5M has been raised in development capital and a complete structuring for the US/Canada operation is in full swing.
Mike Latham was hired in August 2021 as President and Chief Growth Officer and is spearheading the continued expansion in the US and Canada. Simultaneously, Solubag USA is now raising an additional $5M in equity to fund the high orders and production requirements for 2022.
Grupo Olio / Diaz Forti (Argentina)
Joint Mandate with Triangle Partners to structure a $100M export facility to expand the company's increased world commodity demand.
Sycar (Ecuador)
$35M Mandate to structure a new LNG pipeline / storage facility. Awaiting tender invite and outcome, anticipated for 2021.
Makmon (India)
Makmon from India is arranging the introduction of high end spices initially into the US market and in discussions with 2 mayor US distribution partners. In process