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Who we serve · Sheet 04.2Epiidosis Africa Limited · Who we serve / Developers

“How should we structure the project?”

We help developers set up the project vehicle, shape the capital stack and prepare for lenders, with research, staffing and risk advice alongside. We don't lend or invest.

Check your readiness See the programme
Aerial view of a looping highway interchange in Abidjan
A professional woman pointing to documents on a meeting table
Fig. 04.2.1
Sheet 04.2.2 / ChallengesWhat we hear

Challenges we hear

Six we often hear from developers. The chip shows which practice leads.

  • C101

    SPV and capital structure

    Who owns the project, who funds it and in what order shapes how lenders see it.

  • C201

    Construction facilities

    Lenders want feasibility, approvals and a credible cost plan before they commit to a facility.

  • C304

    Insurance programme across the build

    Cover has to follow the project from site possession to handover and the defects period.

  • C402

    Demand and feasibility evidence

    Sales and lease assumptions need independent market evidence behind them.

  • C502

    Site selection

    Access, surrounding demand and constraints decide what a site can support.

  • C603

    Staffing the project office

    Project managers, supervisors and safety officers need to be in place before work starts.

Sheet 04.2.3 / How we helpPractice × challenge schedule

How our four practices help

Each challenge has a lead practice. Others support where the work overlaps, under one engagement letter.

How each of our four practices helps with each challenge for developers
Challenge01Finance & structure02Understand03Staff04Protect
C1SPV and capital structureLeads: SPV and capital structuringSupports: Feasibility inputs for the modelNot usually involvedSupports: Contract risk allocation reviewSubject to partner confirmation
C2Construction facilitiesLeads: Facility readiness packSupports: Market evidence for lendersNot usually involvedSupports: Cover lenders expect to seeSubject to partner confirmation
C3Insurance programme across the buildNot usually involvedNot usually involvedSupports: Safety training on siteLeads: Insurance programme reviewSubject to partner confirmation
C4Demand and feasibility evidenceSupports: Sales and lease assumptions in the modelLeads: Demand and feasibility researchNot usually involvedNot usually involved
C5Site selectionNot usually involvedLeads: Geospatial site and market mappingNot usually involvedSupports: Site risk assessmentSubject to partner confirmation
C6Staffing the project officeNot usually involvedNot usually involvedLeads: Hiring plan and recruitmentNot usually involved

LeadsSupports— Not usually involved

Sheet 04.2.4 / DrawingFig. 04.2.4

Inside the project vehicle

An illustrative SPV: who funds it, who it contracts with, and where each practice comes in.

Fig. 04.2.4 · DevelopersSchematic · NTSPlan · NTS
Inside the project vehicle: an illustrative SPVSchematic of an illustrative project company, or SPV. Above it, three funders: the sponsor or developer provides equity under a shareholder agreement, numbered 1; co-investors provide equity or quasi-equity under an investment agreement, 2; lenders, meaning licensed banks and financiers, provide senior debt under a facility agreement, 3. Inside the SPV the capital stack runs from equity, which carries the most risk, through quasi-equity, to senior debt, which is paid first. Below it, four relationships: the contractor under a construction contract, 4; buyers and tenants under sales and lease agreements, whose payments flow back to the SPV, 5; insurers, with cover placed through licensed insurers and brokers, 6; and land, title, permits and approvals, 7. Practice touchpoints: 01 Finance on SPV structuring, the cash-flow model and the lender pack; 02 Understand on demand research and site mapping; 03 Staff on site staffing and safety; 04 Protect on contract clause and insurance programme review, subject to partner confirmation. Illustrative only. No figures, rates or terms are implied.SPONSOR / DEVELOPEREquity and project controlCO-INVESTORSEquity or quasi-equityLENDERSLicensed banks and financiers01LENDER PACKPROJECT COMPANY · SPVEQUITYCarries the most riskQUASI-EQUITYRanks in betweenSENIOR DEBTPaid firstSHAREHOLDER AGREEMENTINVESTMENT AGREEMENTFACILITY AGREEMENT1234567SPV structuring andcash-flow modelCONTRACTORConstruction contract03STAFF04CLAUSESBUYERS & TENANTSSales and lease agreements02DEMAND RESEARCHINSURERSLicensed insurers and brokers04PROGRAMME REVIEWLAND & APPROVALSTitle, permits and approvals02SITE MAPPINGSUBJECT TO PARTNER CONFIRMATIONSUBJECT TO PARTNER CONFIRMATIONInside the project vehicle: an illustrative SPVSchematic of an illustrative project company, or SPV. Above it, three funders: the sponsor or developer provides equity under a shareholder agreement, numbered 1; co-investors provide equity or quasi-equity under an investment agreement, 2; lenders, meaning licensed banks and financiers, provide senior debt under a facility agreement, 3. Inside the SPV the capital stack runs from equity, which carries the most risk, through quasi-equity, to senior debt, which is paid first. Below it, four relationships: the contractor under a construction contract, 4; buyers and tenants under sales and lease agreements, whose payments flow back to the SPV, 5; insurers, with cover placed through licensed insurers and brokers, 6; and land, title, permits and approvals, 7. Practice touchpoints: 01 Finance on SPV structuring, the cash-flow model and the lender pack; 02 Understand on demand research and site mapping; 03 Staff on site staffing and safety; 04 Protect on contract clause and insurance programme review, subject to partner confirmation. Illustrative only. No figures, rates or terms are implied.SPONSORCO-INVESTORSLENDERS01PROJECT COMPANY · SPVEQUITYCarries the most riskQUASI-EQUITYRanks in betweenSENIOR DEBTPaid firstCONTRACTORConstruction contract0304BUYERS & TENANTSSales and leases02INSURERSLicensed insurers04LAND & APPROVALSTitle and approvals021234567SUBJECT TO PARTNER CONFIRMATION
Legend
  • Practice touchpoint 01–04
  • Agreement 1–7
  • Funding and sales flow
  • Capital stack: equity to senior debt
  • Subject to partner confirmation04 Protect items

Illustrative only. No figures, rates or terms are implied. Structures vary by project.

Sheet 04.2.5 / ProgrammeRecommended programme

Recommended programme

Recommended programme · A

Project readiness

For contractors and developers

One programme from structuring to handover: finance, feasibility, staffing and cover, phase by phase.

  • 01Finance
  • 02Understand
  • 03Staff
  • 04Protect
See the programme
  1. 1Tender
  2. 2Mobilise
  3. 3Build
  4. 4Handover

Four phases · practices combined

Sheet 04.2.6 / QuestionsStarting points

Questions clients ask us

Typical first questions. Each one opens a conversation.

Sheet 04.2.7 / InsightsBriefs, guides and checklists

Insights for developers

All insights
Sheet 04.2.8 / Next stepContact

Walk us through your project.

Start a conversation Check your readiness