Investment
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IFC - China Overseas Bank Environmental Protection Technology Co., Ltd. Technical Due Diligence
In September 2020, the United States Easen and Shanghai Easen signed a technical due diligence service contract with the International Financial Organization (IFC) for China Overseas Bank Environmental Protection. The International Financial Organization (IFC) is considering investing in Qiaoyin Environmental Protection Technology Co., Ltd. in the form of green loans. Green loans will be used for several green investments in the Qiaoyin PPP project. IFC will conduct due diligence on the corporate management and systems of Qiaoyin, and conduct a detailed evaluation of projects that will utilize green loan proceeds. The purpose of this due diligence is to assess the technical and commercial risks of the proposed investment project. Due diligence is conducted from two aspects: Part 1: Conduct an enterprise due diligence on the management system of Qiaoyin Company at Qiaoyin Guangzhou headquarters to evaluate the potential financial and reputational risk levels that IFC may incur when investing in Qiaoyin, assuming that green loans are used for agreed business lines and investments. Qiaoyin currently operates over 300 projects in 60 cities across 17 provinces in China, with projects in five operational categories. Part 2: Due diligence on multiple solid waste and sanitation projects in Guangdong Province, Yunnan Province, Guizhou Province, Jiangxi Province, and Henan Province. -
Technical and Commericial Due Diligence for Baring
Under a contract signed with Baring Private Equity Asia, EASEN's consultants completed Technical and Commercial Due Diligence in a study to take over 22 Wastewater Treatment Plants (WWTPs) in the P.R.C. Implemented in 2011, the project involved WWTPs with total treatment capacity of 1 million m3/d. -
Standard Chartered Infrastructure Growth Fund IL&FS Asia
In a project for the Standard Chartered Bank, EASEN’s consultants provided Technical and Commercial Due Diligence advice to Standard Water Ltd. and Crystal Water Company Ltd. in a study for the take-over of 17 Wastewater Treatment Plants (WWTPs) in the P.R.C. EASEN’s team of experts provided advice relevant to various aspects of the project suitable to local conditions, including: Operations and Management Technical assessment of the plants’ infrastructure and equipment (mechanical and electrical) Finance & Accounting Environmental Remediation On site Health and Safety Human Resources The project began at the end of 2010 and was completed near the summer of 2011, and involved WWTPs with total treatment capacity of 0.37 million m3/d. -
Tsinghua Unisplendor Private Placement Project
As part of a support initiative to the Tsinghua Unisplendor Environmental Protection Group (Thunip Holdings), EASEN’s financial team worked as the financial advisors that assisted the group in obtaining a 60 Million USD private equity investment from the Asian Development Bank’s Private Sector fund. Services provided included the valuation of Tsinghua Uniplendor’s financial analysis for one water supply plant and one wastewater treatment plant in Wuhai (Inner Mongolia), two wastewater treatment plants in Dalian, one wastewater treatment plant in Taizhou (Jiangsu), one wastewater treatment plant in Huaiyin (Jiangsu), one wastewater treatment plant in Ruian (Zhejiang). The team also provided advice on financial management, technology utilization and operations standards for the listed plants. -
Beijing Puhua Holdings – BOT and TOT Projects
Beijing Puhua Holdings – BOT and TOT Projects EASEN’s team of financial expert’s lead the due diligence process on both technical and financial aspects conducted for the Beijing Puhua Holdings BOT and TOT projects. These projects included: The Wuhai Water Supply Co. – TOT (Wuhai, Inner Mongolia) Ruian wastewater treatment plant (WWTP) – BOT (Taizhou, Jiangsu) Laohutang and Linshuihe wastewater treatment plants BOT (Dalian, Liaoning) Based on EASEN’s extensive experience in projects financed by International Development Organizations, the due diligence was conducted in compliance with the Asian Development Bank (ADB) private sector requirements and for the purpose of ADB’s planned funding. In addition, EASEN assisted the ADB in introducing other strategic investors for Beijing Puhua Holdings to expand in the water and wastewater concession market.