The senior members of Cranmore Partners have been involved in almost every single water and power project financing in the Middle East and Africa region over the last 15 years. Having served in diverse roles as project developers, advisers to bidders or, procuring authorities, and as lenders, the Cranmore Executive Team brings to the table a uniquely well-rounded understanding of the project lifecycle. We will therefore provide you with pure unbiased analysis, and our recommendations will be geared towards achieving the most favourable outcome for your bidsituation. As senior ex-bankers, we also bring unique insight into banks’ processes and considerations. Our sole mission is to achieve superior and differentiated capital terms for our clients on their strategic transactions across the power, water and wider infrastructure sectors.
Yusuf Macun has over 20 years’ experience in energy and infrastructure finance and investments, with a focus on the power, water, renewables and oil & gas verticals. His impressive track record includes the successful closing of cross-border deals in excess of c. USD 20bn over 35 transactions in a range of emerging and developed markets, particularly the Middle East and Sub-Saharan Africa.
Before founding Cranmore Partners in 2017, Yusuf held a variety of leadership roles including Global Head of Project & Commercial Finance at Abu Dhabi National Energy Company (TAQA). and Head of Power &Renewables for Europe and Africa at HSBC London, where he advised governments and companies on a wide range of transactions across EMEA in verticals including wind, solar, coal/oil/gas-fired thermal and nuclear power generation. He also gained valuable transaction experience and expertise in prior roles at the Emerging Africa Infrastructure Fund, Lazard and Flemings.
Yusuf is a graduate of HEC Paris (Grande Ecole) and holds a Master’s Degree in Engineering & Computer Science from ENSIMAG in Grenoble.
Richa has 17 years’ experience in energy and infrastructure project financing in the EMEA and Asia regions, with a particular focus on emerging markets and products utilising both debt and capital markets. Prior to joining Cranmore Partners, Richa was Executive Director and Head of Power, Utilities, Metals and Mining for the EMEA region at Sumitomo Mitsui Banking Corporation (SMBC). Richa has strong experience in financial structuring, debt underwriting and arranging, project and acquisition finance, derivatives structuring and managing specialist advisors during performance of due diligence roles.
During her tenure with SMBC, Richa successfully closed in excess of 40 transactions across Europe, the Middle East, North Africa and Asia in sectors ranging from power generation, water desalination, wastewater treatment, district cooling and air separation to metals and mining, regulated networks and the telecom sector. Prior to SMBC London, Richa worked with SMBC in Asia on various financial advisory transactions, including the Singapore power privatisation, advising sponsors on a light rail transport project in Manila and a water pipeline project between Indonesia and Singapore. Prior to SMBC, Richa worked in Investment Banking at Merrill Lynch in Hong Kong and in India in the TMT sector on various M&A transactions.
Richa is a qualified Electrical Engineer from Delhi University and holds an MBA with specialisation in finance from the Indian Institute of Management.
Nick is an energy and infrastructure finance expert whose previous roles include being a director responsible for originating and executing European power and renewables business for the HSBC Project Finance team, working on over USD 40bn of projects. Nick has significant international experience in originating, advising, assessing, structuring and negotiating major project finance transactions for greenfield and operating projects across all classes of infrastructure, asset and lending sources throughout EMEA.
Within the power space, he has worked across a range of different technologies on renewables projects (onshore and offshore wind, solar and biomass), thermal power projects (nuclear, gas, coal), and power infrastructure (inter-connectors, smart meters) with private and public clients.
After leaving HSBC, he joined a start-up infrastructure debt fund as a founding member focused on UK / Eurozone renewables that was in the capital-raising phase. Prior to HSBC, Nick trained and qualified as a chartered accountant at KPMG in London working with financial services sector clients.
Nick holds a BSc (Hons) in Economics from the University of Bristol, United Kingdom.
A co-founder of Cranmore, Kenny is one of the leading financial modelling experts in the global project finance market. He has trained over 1,000 modelers from the world’s leading commercial and investment banks, top-tier accounting firms, infrastructure funds and project developers. As a project finance practitioner for over 16 years, he is also a leading modeler on transactions and has played a significant role in the development of financial modelling standards over the past 10 years. He has made media appearances as a financial modelling expert on leading news and business channels including BBC, CNN, and CNBC.
He has served as Cranmore’s Head of Financial Modelling & Analysis since 2016 and has been CEO of the modelling consultancy Gridlines since September of 2018. Since the start of his tenure at Cranmore, Kenny has advised on a range of projects for clients including Joule Africa, Neoen, JGC Corporation, Trina Solar, Al Jomaih, CNIM, GIC, EdF EN and Masdar.
From 2011 to 2015 he was the managing director of F1F9, following the merger of his training business, Financial Mechanics, with F1F9 in 2010. During his stint at the head of F1F9, he grew revenue by 300%.
Prior to Financial Mechanics, he was an Associate Director of Deloitte Corporate Finance from 2005 to 2007 and Manager of KPMG Corporate Finance between 2001 and 2005. Kenny holds an MBA with the High Honours Award from Université Libre de Bruxelles and an MA in Psychology from the University of Aberdeen.
Head of Financial Modelling
Peter has over 25 years of experience in project and export finance. He has managed and arranged finance for projects around world and has expertise in power (thermal, hydro, nuclear and renewable), transportation (rail, shipping, aircraft, bus rapid systems), infrastructure (roads, airports, ports, hospitals and real estate), telecommunications (including satellites and undersea cabling) and oil and gas (onshore and offshore including LNG).
He has worked with over 20 ECAs during his career, developing this product alongside debt capital markets, multilateral loan financing, Islamic debt financing and, more recently, equity participation. Prior to joining Cranmore Partners, Peter had a 40-year career with HSBC, culminating as Global Head of Export Finance and Forfaiting. In this position, he led HSBC’s franchise to the number one position in its industry for seven years running, achieving an annual volume of $10-12bn in ECA-backed financing per annum , equivalent to an impressive 10% market share.
Peter managed a team of over 70 Project and Export Finance professionals globally, including teams in London, Paris, Madrid, Rome, Duesseldorf, Beijing, Hong Kong, Dubai, Tokyo and New York. His team pioneered many innovative ECA structures, including the first Islamic-based export credit, the first ECA-wrapped bond, the first renminbi and rouble financings and the first corporate structures in the UAE, Russia and China. Peter has built strong senior level contacts within various governments, investors, ECAs, corporates and financial institutions over his career. This has included discussing ECA finance with the US Treasury Department and the UK, French and German Treasuries. He has a proven record of negotiating special terms and conditions from ECAs and their respective Ministries in support of competitive project financing.
He is also highly experienced in leading ECA transactions on strategic projects located in “frontier jurisdictions”. Since leaving HSBC in 2017, Peter has held a board-level position with Anglo Gulf Trade Bank, a digitally-based trade finance bank headquartered in Abu Dhabi, whose principal shareholders are Mubadala and a private British concern. He is a linguist with a language and literature degree from Kingston upon Hull University (German and Dutch) and an Associate of the Chartered Institute of Banking (UK).