Deals Closed
Provalue Financial Advisory LLP

DEALS CLOSED BY PROVALUE

Carpastretch India Pvt Ltd
Deal: Raising of Debt
Amount: Undisclosed
Date: November 2017
About The Company: CIPL is a part of one of the most respected and reputed Group from Pune, Jehangir Group. It is involved in manufacturing and sales of a patented medical device.
Description: The company started its operations a year back in India and was looking forward to raise some debt to fund its Working Capital requirements. We helped it raise money through CGTMSE scheme.
Highlight: The company was able to raise debt on an unsecured basis at competitive rates.
THE MAHARASHTRA EXECUTOR & TRUSTEE CO. LTD (METCO)
Deal: Valuation Advisory
Amount: Undisclosed
Date: : January 2018
About The Company: METCO is a subsidiary of Bank of Maharashtra. It is involved in providing Trusteeship services.
Description: The management team at METCO had appointed Synergy Finserv Consultants Pvt Ltd for carrying out the valuation of business at METCO. Provalue along with Synergy carried out the said valuation activity.
Highlight: The valuation was of a company which had no comparable as such. A valuation was arrived at using the Discounted Cashflow Method.
Donum Dieu Engineers Pvt Ltd
Title: Costing and Breakeven Analysis
Date: March 2018
In association with Mr. Girish Deshpande.
About The Company: DDEPL is a player in Switchgear & Power transformer manufacturing space and caters to the needs of Power Industry.
Description: Many a times, the management of a company tends to ignore the profitability aspect until the cashflows generated are enough to pay off its liabilities & expenses. In this case, the Company wanted to carry out a detailed Analysis of the Cost at which it manufactures its products. We carried out a Granular Level Costing as well as Breakeven analysis for three product families which the company manufactured.
Highlight: The Company had a scientific base to discuss in detail about the Pricing when it went back for negotiation to its Customer. Also the company got an exact picture of how it fared on a profitability basis.
Specialty Sintered Products Pvt. Ltd.
Title: Equity Buyout funding from existing PE investors
Amount: Undisclosed Amount
Date: April 2018
About The Company: SSPL is a leading player in sintered products space and caters to the needs of Automobile and White Goods Industry.
Description: The deal was of a mutually agreed exit of PE investors from the company. Various options right from Buyback to Buyout were studied and the most suitable option was chosen. All the factors like Financial health, Cashflow Strength, Pricing, Security Structure, Group structure,Future growth plans and regulatory guidelines were taken into consideration while freezing on the funding structure.
Highlight: Increase in shareholding of the Promoter Group keeping the Networth constant.
Reliable Autotech Pvt. Ltd.
Title: Operating Lease of Equipment’s
Amount: Undisclosed
Date: July 2017
About The Company: RAPL is a leading player in Sheet Metal Processing & Die Manufacturing space and caters to the needs of Automobile Industry.
Description: The deal was about leasing capital equipment’s on an Operating Lease basis. The highlights of the deal was that the company could procure capital equipment’s on an Off-Balance sheet basis. Thus the company was able to install and own assets in its premise without increasing the leverage on the books. The product is costlier in IRR terms as compared to a Purchase of equipment using term loans but after considering the tax shield which the company enjoys on the rentals, it is a deal to consider.
Highlight: The Companyleased the required equipments with an option to buy it at end of lease period. The equipments’ were purchase with lower cash outflow and No addition to leverage on the balancesheet.
Specialty Sintered Products Pvt. Ltd.
Title: Corporate Loan for procurement of Machinery
Amount: Rs. 100 Million
Date: November 2018
About The Company: SSPL is a leading player in sintered products space and caters to the needs of Automobile and White Goods Industry.
Description: The deal was of focused on raising term financing for procurement of machinery. SSPL had been banking with PSU banks in past and the deal was also aimed on introduction of a reliable term financing company in banking portfolio of SSPL.
Highlight: With appropriate presentation of business facts of SSPL, the finance was raised purely against equipment’s being procured by the company. Thus there was no separate collateral security offered.
Business and Asset Valuation of a Pune based 110 bed hospital
Title: The name of the hospital cannot be disclosed in general marketing material due to confidentiality concerns.
Date: August 2019
In association with Mr. Jitendra Paithankar and Codex Solutions Pvt. Ltd.
Description: The owner of the said hospital were in discussion with a prospective buyer and wanted a realistic assessment of the value which they could expect for the hospital. Provalue carried out a thorough analysis of the assets as well as business of the said hospital to arrive at an enterprise as well as asset value.
Highlight: Provalue utilised a composite method of valuation of the hospital as against the conventional method of valuations based on financial data submitted by the hospital alone. Help from domain experts in space of assets was taken to arrive at Fair Market value of the Hospital.
Raj Path Infracon Pvt Ltd
Title: Working Capital Financing
Amount: Non-Fund Based financing of Rs. 200 Million
Date: October 2019
In association with CA Amogh Pai
About the Company: RajpathInfracon Pvt Ltd is a Rs. 5000 Million turnover, rapidly growing, Infrastructure Development Company.
Description: Rajpath had a sole banking relationship with a PSU bank for over 14 years and addition of a new banker was desired to diversify the financing risk as well as lowering cost of capital. Provalue helped the company add a new Private sector bank to its working capital financing portfolio.
Highlight: Infrastructurefinancing is not the most sought out sector by banks due to historically high delinquencies. Provalue had to highlight the strong aspects of business in its client and convince the lenders based on facts as observed in the transaction for closing this transaction.
Salse Yavali Roadways Pvt Ltd
Title: Term Finance for State HAM Road project of Rs. 1650 Million
Amount: Term Loan of Rs. 400 Million
Date: December 2020
About the Company: SYRPL is an SPV floated by a consortium of 3 developers for execution of a State Highway Contract of Rs. 1650 Million under Hybrid Annuity Model.
Description: Project Financing in infrastructure space is considered to be one of the toughest mandates to close. Primary reasons for the same are, larger size as compared to conventional manufacturing project financing funded by banks, historical NPAs in infra space and risk averseness of banks towards financing state government funded projects. Provalue had to convince the potential lender over a range of aspects starting from capital tie-up of these projects at State Governments end to execution ability and financial position of the developers working on the project.
Highlight: Except SBI which has funded a few state HAM projects of its existing clients, none of the PSU or private sector banks have participated in financial closure of these projects. Provalue was able to close this transaction of Rs. 400 Million through one single bank.
Donum Dieu Engineers Pvt Ltd
Title: Capital raising under extreme financial stress faced by the company
Amount: Undisclosed
Date: December 2020
About the Company: DDEPL is a player in Switchgear & Power transformer manufacturing space and caters to the needs of Power Industry.
Description: The company had a single customer and the operations at the said customer came to a halt due to financial fraud by the outgoing management. This naturally lead to a situation wherein DonumDieu had to keep its plants shut for a period of about 15 months. Within the said time period, the company developed two new customers but raising finance for carrying out the said business was a big challenge. Provalue helped DD raise the working capital required for the said new business. The process was long and extremely deep analysis was carried-out to convince the lenders about possibility of revival of DD based on these new orders.
Highlight: The incremental working capital finance raised helped DD restart its operations. Provalue played a critical role in data analysis, data presentation and negotiations with the bank for raising the said capital.
Raj Path Infracon PN-42 Pvt Ltd
Title: Term Finance for State HAM Road project of Rs. 2600 Million
Amount: Term Loan of Rs. 683 Million
Date: January 2021
About the Company: Raj Path Infracon PN-42 Pvt Ltd is an SPV floated by Raj Path Infracon Pvt Ltd for execution of a State Highway Contract of Rs. 2600 Million under Hybrid Annuity Model.
Description: Project Financing in infrastructure space is considered to be one of the toughest mandates to close. Primary reasons for the same are, larger size as compared to conventional manufacturing project financing funded by banks, historical NPAs in infra space and risk averseness of banks towards financing state government funded projects. Provalue had to convince the potential lender over a range of aspects starting from capital tie-up of these projects at State Governments end to execution ability and financial position of the developers working on the project.
Highlight: Except SBI which has funded a few state HAM projects of its existing clients, none of the PSU or private sector banks have participated in financial closure of these projects. Provalue was able to close this transaction of Rs. 683 Million through one single bank.
Matter Softwares Private Limited
Title: Seed Funding Round
Description: Advisory for its First Equity raising round
Sascon Infrastructure India Private Limited
Title: Working Capital Limits Syndication
Description: Syndication of Debt Financing of Rs 150 Mio in form of NFB limits