At CEPA, we advise both private and public-sector clients on funding and financing issues where public policy, economic analysis and finance overlap. We understand financial markets and how investors think and leverage our experience in regulatory finance and the broader policy environment to inform our advice.
We have expertise in both developed and developing markets, across regulated and infrastructure sectors. Our work has spanned a range of financial, commercial and regulatory issues, for new assets as well as existing assets that may be up for sale. This includes leveraging private sector participation and financing through tailored models that are suited to local conditions and government and/or regional objectives.
We specialise in:
- Transaction advisory – we provide support throughout the project cycle, including concept development, feasibility assessments and testing, procurement, transacting and post-contract review.
- Structuring PPPs and other commercial arrangements – design and implementation of innovative special purpose vehicles to support infrastructure project preparation, appropriate risk assessment and allocation and affordable financing.
- Due diligence – for both regulated and commercial targets.
- Funding and financing assessments – this includes identifying and prioritising sources of funding, as well as designing interventions to remove market failures and improve project bankability.
Finance News & insights
CEPA’s expansion continues across its offices
Increasing demand for CEPA's support and advice drives a growth in consulting team numbers.
Global Infrastructure Hub publishes guidance on infrastructure banks
Guidance has been published to assist governments interested in establishing, or reforming, a national infrastructure bank or a similar financing facility.
Authorised Push Payment scams
Working with the industry and the regulator to summarise responses to a draft code.
Senior hire to meet demand from energy companies and regulators worldwide
CEPA today welcomes Gary Keane as a director to the consulting firm’s London headquarters.
Airport capacity strategy
CEPA’s contribution to this study on delivering the future airport capacity requirements in Ireland for the Irish Department of Transport, Tourism and Sport set out the decisions Ireland has to make, and the timing, to come to a good decision on the future capacity requirements of Dublin Airport.
Expert advice on cost of capital issues in the telecoms sector
We provided expert advice to Ofcom on cost of capital issues in the telecoms sector.
Alternative approaches for setting the cost of debt
CEPA were commissioned by two UK economic regulators to look at alternative approaches that could be used in regulatory determinations for the cost of debt allowance.
Estimating a shadow value of water
CEPA were appointed by the EBRD to support them in developing estimates of an economic value of water, reflecting the full social costs of water...
Financing the Universal Postal Service
We have helped Ofcom (and previously Postcomm) think through how best to ensure that Royal Mail is able to deliver the Universal Service in a financially sustainable manner.
Thames Tideway Tunnel & the cost of capital
In 2015, Ofwat awarded the licence for the Thames Tideway Tunnel. As part of the announcement, Ofwat stated the cost of capital that will apply during the construction period of the project (the 'bid WACC') would be 2.497%.
Financial and economic analysis of Morocco’s water leakage reduction objective
CEPA was hired by the World Bank to review Morocco's submission to the United Nations Framework Convention on Climate Change.
Review of financial models for Postcomm
Postcomm asked CEPA to review two of its financial models, to improve their robustness and confidence in their results. One of the models was to be published, making it particularly important that the model was well-designed and reliable.
Mobilising finance for infrastructure in Sub-Saharan Africa & South Asia
Our research for DFID highlighted the need for public institutions to create bankable infrastructure projects to unlock funds available from the private sector.
A guidance tool for National Infrastructure Banks and related facilities
We developed a reference tool which examined areas where National Infrastructure Banks could play a catalytic role.
Financing UK infrastructure
Our review of private financing for infrastructure contributed to the national infrastructure debate on what role the public and private sectors should have in developing...