AVC 2.22% 44.0¢ auctus investment group limited

Really like this presentation...the company has net assets of...

  1. 2,704 Posts.
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    Really like this presentation...the company has net assets of around $5m, multiple new funds being reviewed for potential release next half and probable realisation of those investments in the next 3-6 months to fund future growth.

    Compared to the star gazing of our previous owners, don't think they should have been at C level, this new outfit is achieving impressive results.

    As long as they continue there is no reason to think we will be sitting at a $8m MC this time next year.

    See update from their latest newsletter, not sure why this isn't released as a sensitive ann??

    Energy storage projects reach ‘investment-grade’ with esVolta’s $140 million debt facility

    "Dear Investors, Shareholders & Supporters,

    Please find below an article on an Auctus portfolio company, esVolta LP, which is based in California and has just completed one of the largest debt transactions to date in the fast growing energy storage sector.

    Since Auctus launched the US$25m Energy Storage Fund, esVolta has continued to make significant progress in becoming the leading developer of utility-scale battery energy storage projects in North America.

    As well as being a significant cornerstone transaction for our business, the deal has enabled Auctus to further enhance its presence in the United States via the formation of RBP Partners LLC (“RBP”, based in New York City. RBP originated the transaction with Auctus’ Head of Capital Markets, Laz Siapantas. RBP provides Auctus with unique access to energy transformation and infrastructure opportunities in the scalable US market.

    In a press release from esVolta and CIT Bank, the lead arranger on the financing transaction, the following comments were made:

    “The project finance transaction is one of the largest and most innovative debt transactions completed to date in the fast growing energy storage sector. We greatly appreciate the leadership and diligence which CIT, SFS, CoBank and KeyBanc displayed in order to arrange and close this portfolio financing"

    - Krish Koomar, Vice President and Chief Financial Officer of esVolta.

    "We were pleased to leverage our storage industry knowledge and capital markets expertise to arrange financing that supports esVolta's growth objectives"

    - Mike Lorusso, managing director and group head for CIT’s Power and Energy business."
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