RAME Energy, an energy consultant, engineer and power generator, is listing on Aim today to finance new projects in Chile.
The company, which provides power generation solutions to firms including Anglo American, Barrick Gold and BHP Billiton, is raising up to £2.1m to fund its participation in three wind projects in Chile with a combined capacity of 24 megawatts.
It has signed a joint venture agreement with Spanish bank Santander to co-finance the first two wind projects, in which Rame will have a 20 per cent stake with an option to buy the remainder.
The projects are expected to be operational in the next 12 months.
Rame is targeting an operational portfolio of 300 megawatts in Latin America within three years, using revenues generated from the initial projects.
BEHIND THE DEAL
NORTHLAND CAPITAL PARTNERS | LUKE CAIRNS
1 Cairns has over twelve years of corporate finance and broking experience and joined Northland in 2009 from HB Corporate.
2 An Exeter University graduate, he has experience in a number of sectors across multiple jurisdictions, covering initial public offerings, pre-IPO fundraisings, acquisitions and disposals.
3 When he’s not busy making deals, Cairns is involved in the e-gaming sphere. He is the founder and director of Uflutter Holdings, an online fundraising and gaming platform.
Northland Capital Partners is acting as nominated adviser and broker on the float. Other key players on the corporate finance team were Matthew Johnson and Lauren Kettle. On the broking team, it is John Howes, Mark Simpson and Alice Lane. Watson, Farley & Williams are giving legal advice, led by Jan Mellmann.