Introduction
Western Gulf Advisory (WGA) is a self-sustaining investment and asset management company that has provided investments and services such as corporate finance, debt, and equity participation on the basis of its own adequate internal resources.
Typical Investments
The sectors encompass Real Estate, Oil & Gas, Mining, Industrial Parks, Steel, Cement, Agriculture, Infrastructure, Energy, Healthcare, Electronics, Financial, Transport, Aerospace, Alternative Energy, Rubber, Fashion & Retail, Townships, Food & Beverage and the Film Industry. We do not invest in Alcohol or Gambling related projects.
Typical Investment Size
Investments can range from 1 million USD to 500 million USD, with the typical investment size being around 100 million USD.
Financing Details
Interest Rate: Interest rate usually varies from 4-7% this will usually depend on the risk and geographical location of the project.
Structure: Senior Debt, WGA must have first liens to all assets pledged as collateral.
Term: Ranges from 3-7 years, early termination constitutes to no repayment penalty; however all the principle must be paid back in one bullet payment.
Repayment of loan: Due at maturity, no amortization of the loan.
Interest Payments: Semi – Annually, with the first 6 months an interest free holiday.
Up-front fee*: £54,000 for projects ≤ $25,000,000 and £72,000 for projects ≥ $25,000,000.
Due Diligence: Required via a respected third party.
Financial Covenants: We do not believe in restricting the company’s ability to grow hence we are very lenient with regards to financial ratios. However we do not expect the client to take on excessive risk. Semi-annually we will require the company to provide an audit of the company account
Process
Typical deal takes between 12-14 weeks, this will account for the time taken to perform internal research as well as external due diligence, board meetings etc.
Criteria
WGA will only accept clients with clean criminal as well as a financial background.
WGA will not participate in a syndicated loan; WGA must be the sole lender.
WGA will not invest in any alcohol or gambling related projects.
WGA has a strict policy on collateral; clients must have one or more of the following forms of collateral:
Bank guarantee
Fully tangible asset
100% Insurance cover
Personal guarantee
Future bankable tangible contracts
Public stock holdings (in this case LTV ratio would be max at 50%, due to stock volatility)
Please ask if you have any other forms of collateral
WGA will not exceed a LTV of 72%.
*Please note, if you do not conform to the criteria above we ask you kindly not to send your business proposals to us, as the upfront fee is non-refundable. However if WGA does not deliver on its proposed service, the upfront fee would be fully refunded to the client.
Please send all proposals to
haji@westerngulfadvisory.com