Pre Investment TA with Evenpar - Sanivation - Aqua for All

Pre Investment TA with Evenpar - Sanivation

Scale - Sanitation

Project summary

EP is an investment manager that is in the process of raising a €50M fund with the first financial close set between €15M – €20M of equity. The primary investment focus of the fund is on biogas, waste processing, and sanitation. The fund pipeline is presented to have sufficient projects in wastewater and sanitation (~40%) with a South and East Africa focus.

Through the partnership, Aqua for All would accompany EP in closing their first capital raise by initially providing first-loss capital (FLC) for two transactions and later fund-level FLC coverage for their entire WASH portfolio. Aqua for All has jointly worked with EP to develop a fund structure for an initial first transaction with a wastewater project developer.

For the second transaction EP has been approached by a sanitation services provider to finance the expansion of their treatment plant. The expansion will allow the abovementioned wastewater project developer to serve ~100,000 clients, 10x more than the current capacity**. Before the second transaction, EP has requested A4A to support improving the conceptual design model for the treatment plant project.**

Countries:
Kenya
Partners:
Start date:
05-Nov-2023
End date:
29-Feb-2024