Macroconsult

Investment Banking

Macroinvest, Macroconsult’s investment baking unit, is recognized for its ability and experience in the Peruvian market. It has participated in more than 60 transactions, the sum of which total more than US$ 15 billion. Our track record and our success in multiple, varied and complex negotiations are a differentiating factor that allow us to provide our client with the assistance required to develop their projects and operations.

Macroinvest has played a central role in the privatization process which was undertaken in the last two decades. It has participated in major transactions, including the transfer to the private sector of the Compañía Peruana de Teléfonos and ENTEL Perú telephone companies, the Antamina, Toromocho, Michiquillay, La Granja and Las Bambas mining mega-projects, and the concession of the Muelle Sur Container Terminal in the port of Callao.

In the private sector, it has participated in multiple transactions involving the purchase or sale of companies, placement of private sector capital and debt on the stock market, and structuring of bank financing operations.

In addition to the experience gained, it is further strengthened by its association with Global M&A, an international banking investment group specializing in mid-size transactions, working together in merger and acquisitions operations with a global focus and scope.Our investment banking activities include five main lines of services:

 

Mergers and Acquisitions

Macroinvest has received and successfully completed number of major mandates for the purchase and sale of companies and assets in various economic sectors. Today, our merger and acquisitions consulting is carried out primarily for clients in the private sector.

The services cover consulting in the areas of goal definition, strategic design and structuring of the transaction, economic and financial due diligence, valuation, marketing and negotiation, as well as the permanent assistanceto the client until the operation has been completed.

Macroinvest’s work is not limited to the buying and selling of assets, but also includes the identification and incorporation of strategic partners, financial partners and institutional investors, in order to strengthen the operations and assets of the Peruvian companies.

 

Private Initiatives and Concessions

Macroinvest provides its services both to the Peruvian Government and to the bidders participating in concession processes, mainly in the area of infrastructure development.

Our services are comprehensive and cover from the identification and understanding of the institutional, legal and regulatory framework, to the projection of demand, the economic-financial analysis of the project by means of modeling, the analysis and assigning of risks between the grantor and the concessionaire, the negotiation of the conditions of entry and the concession contracts, the guarantees, the financial structuring involved in the contracts, the obtaining of indications of interest from banks interested in financing the operation. Our services include advising the client until the signing of the concession contract, or any other similar contract.

The Peruvian legal framework establishes the possibility that the private sector can present private initiatives to design, build, finance, and operate a public service. Macroinvest has advised a number of different investors who have been interested in developing such initiatives in the water and sanitation, logistical services, and port infrastructure areas.

 

Debt and Capital Structuring in the Capital Market

Macroinvest’s team has significant experience in the structuring of debt and developing instruments to facilitate entry to the Peruvian capital market.

Based on our clients requirements, an analysis of the company and its capital structure, our recommendations involve the identification of risks and opportunities in the financial structure of the companies, an evaluation of alternatives, the design of a strategy for structuring operations, the coordination between consultants for the issuing of debt instruments (bonds and commercial papers), and the sale of existing shares or the issuing of new ones.

 

Financing Structuring

Our staff includes top-tier professionals with experience in the origination and structuring of financing for companies and projects.

Our consulting services includes accompanying companies and project promoters in the securing of credits, guarantees and coverage—interest rates and currency—from local and foreign banks, ensuring adequate financing and returns.

The experience of Macroconsult’s partners as managers and directors of major national financial companies allows for the development of a particular and specialized perspective on how to focus the aspects that are key to obtaining financing for investment projects.

 

Financial Consulting and Valuations

Macroinvest provides financial consulting to companies in various stages of development. We can provide assistance at the beginning of a project, identifying projects risks and conducting economic-financial studies, or in the development stage through providing assistance regarding the most appropriate capital structure and the analysis of debt reprofiling and restructuring need, among other requirements.

We also have significant experience in the valuation of companies as we have provide this service to a number of different companies in various sector of the Peruvian economy.