WHAT WE DO

SERVICES WE OFFER

Sponsor case financial models. As a part of our transaction advisory services, equity capital fundraising advisory services nd M&A or privatization advisory services advisory services mandates, where we are representing the "sell side" (or "procurer side"), we often provide special purpose sponsor case financial models to prospective equity sponsors, developers and investors as a part of those transaction processes. The main purpose of the sponsor case financial model is to provide a financial model that conveys and emphasizes the relevant up-side equity returns scenarios related to the project, company or asset the we are selling or procuring. The sponsor case financial model will be grounded in assumptions that may be aggressive, but that we can strongly defend with underlying supporting data, studies and reports. The sponsor case financial model will be configures in a way that will allow the potential buyer/investor to "play" with model assumptions, but only within certain relevant areas and bandwidths (so as to prevent possible undesirable conclusions resulting from uninformed or erroneous model entries). The sponsor case financial model is usually developed as a limited/special purpose model derived from our previously developed comprehensive financing model (CFM) (in the case we were also mandated by the client to develop the CFM). In unusual case where the we have not previously developed the CFM, we can and occasionally do develop a sponsor case financial model for our client.

Lender case financial models. As a part of our transaction advisory services, debt capital fundraising advisory services and M&A or privatization advisory services mandates, where we are representing the "buy side" (or "sponsor/contractor side"), we often provide special purpose lender case financial models to prospective lenders (including commercial lending institutions, export credit agencies (ECAs) and export-import banks (EX-IMs) and international / development financing institution (IFI/DFIs)), credit rating agencies and bond investors as a part of those transaction processes. The main purpose of the lenders case financial model is to provide a financial model that conveys and emphasizes the reasonable and defensible "best worst case" stress case and down-side scenarios related to the project, company or asset the we are financing. The lenders case financial model will be grounded in assumptions that may be aggressive, but that we can strongly defend with underlying supporting data, studies and reports. The lender case financial model will be configures in a way that will allow the potential lenders/credit rating agencies/bond investors to "play" with model assumptions, but only within certain relevant areas and bandwidths (so as to prevent possible undesirable conclusions resulting from uninformed or erroneous model entries). The lender case financial model is usually developed as a limited/special purpose model derived from our previously developed comprehensive financing model (CFM) (in the case we were also mandated by the client to develop the CFM). In unusual case where the we have not previously developed the CFM, we can and occasionally do develop a lender case financial model for our client.

We individually custom-build each and every one of our sponsor case or lender case financial models using standard Microsoft® Excel® software in a the most user-friendly manner possible. We provide a user manual and in-model user instructions for our sponsor and lender case financial models which are handed over to our clients. Our objective is to create a model that can be handed over to the client and operated proficiently by the client's own staff (in some cases for many years). After our model is in our client's hands we can provide ongoing services such as model training & capacity building workshops for client staff, model maintenance and update services and support and specific modeling analysis utilizing the client's model, as may be requested by the client.

In addition to developing, updating and maintaining our own sponsor and lender case financial models for our client advisory mandates, we also provide model review and audit services of financial models produced by our clients or by another third-party model developer on behalf of our client. Model review and auditing services are often required by our clients (as an independent review or audit) in other transactions that DCS is not otherwise a party to.

DCS advisors are able to provide sponsor case and lender case modeling services on a stand-alone basis on behalf of public and private sector clients who have mandated us to provide transaction advisory, capital fundraising advisory or M&A and privatization advisory services. In most cases, as sponsor and lender case financial modeling services will be only one element of a larger project delivery program, DCS will also be providing other complementary analytical services in relation to other transaction elements. Our preference is always to provide such comprehensive advisory services and coordinate all elements of the transaction, including sponsor and lender case modeling services on behalf of our clients.

Under any sponsor or lender case financial modeling services mandate, DCS will draw from our vast global network of veteran industry expert advisor affiliates and our relationship consultants in order to assemble the most appropriate team to match the specific needs of the transaction at hand. This will always include leadership of DCS affiliate experts who possess decades of global transactional experience related to the specific sector and transaction type. In any sponsor or lender financial modeling services mandate, our preferred role is always to serve as the lead project/program manager. Within this role we are also able to assist in the selection and procurement (or subcontracting) and management of other advisors, including local and international legal, technical, economics, commercial/operational and other specialized advisors or other specialized advisors, as the specific transaction may require. To the extent that other third-party advisors are required, there are many value added advantages of allowing DCS to assist in the procurement of these advisors. First, DCS expert affiliates themselves possess many of required legal, technical, economics and managerial skill sets and we are best positioned to determine which additional outside third-party skill sets are required and which firms or individuals should be hired in these roles. Secondly, financial modeling is a very complex undertaking, requiring the management and coordination of many simultaneous workstreams. DCS advisors are experts inproject and program management services and are ideally suited to manage and coordinate a multi-dimensional advisory team most efficiently and effectively.

Complementing our sponsor and lender case financial modeling services, DCS advisors offer the following complementary advisory services that may be applicable, dependent on the specific needs of our client.

DCS experts provide sponsor and lender case financial modeling services in the following sectors that we specialize in. Please click on the below links to learn more about the sectors that we cover: