in our investment processes, share our investment objectives, whom we trust emphatically, and whom we believe demonstrate the same judgement and investment principles we do.

We believe in effective governance and decision-making structures that promote

~ Peter Drucker

of mobilising capital to catalyse the development of socially transformative and much needed energy and infrastructure projects in Africa.

We aim to attract and collaborate with partners who believe in our investment processes, share our investment objectives, whom we trust emphatically, and whom we believe demonstrate the same judgement and investment principles we do.

Our core strategy is significantly informed by our deep appreciation for the scarcity of development risk capital and therefore we seek to exit the project development cycle at financial close so that the funds are retained and re-invested in early-stage project development needs.

We believe strongly in our ability to develop and structure projects effectively and therefore we commit to securing both equity and debt for the implementation and operational phases of projects before seeking to exit our own investment positions

GIBB (Pty) Ltd

RvB Capital Projects Inc

Richard Vries is the Group Chief Executive Office (GCEO) of the GIBB Group of Companies. He has over 20 years’ experience in the consulting field. Under his leadership he has grown GIBB, a private limited company, to be one of the leading engineering consultancies in the areas of Power, Water, Transport, Property and Mining.

Richard has served on a number of industry bodies including the South African Presidential Business Working Group on Infrastructure, The BRICS Business Council Infrastructure Working Group, Chairperson of the Black Business Council Infrastructure Committee, and Consulting Engineering South Africa’s Council.

Richard is currently part of a task team assisting the South African government with alternative funding mechanisms for attracting private sector funding into the water space.

Richard is a qualified engineer with post graduate qualifications in Business Management and Project Management.

Robert van Beers is a senior executive with over 30 years’ experience leading the financing, development, operations and regulation of energy and infrastructure investments. An entrepreneur, business leader and trusted advisor he has worked around the world with public and private entities.

Prior to being a Partner of RvB GIBB CAPITAL, Robert was a founder, COO and later CEO of publicly-traded Tonbridge Power and, more recently, head of the energy (oil & gas, power, renewables and transmission) group in Africa, Europe and the Middle East for Hatch, a 10,000-person engineering firm. He has been a projects and investment advisor to many governments and corporations around the world and is recognized as a projects and transaction leader.

Robert has degrees in Economics and Public Policy as well as post-graduate certificates in Corporate Governance (University of Toronto); Advanced Leadership (University of Chicago) and Corporate Finance Strategy (INSEAD).

and will continue to test even the best developed strategies, we are in passionate pursuance of ensuring that the true potential of the continent is realised.

We believe in effective governance and decision-making structures that promote decisiveness, efficacy and accountability and we believe that these characteristics will ultimately deliver sustainable value to all stakeholders.

Through our investment choices we seek to deliver long-term value for all stakeholders. We look to mature and structure projects such that they become very attractive to equity and debt providers alike, and we look to exit and transfer intrinsic value at the point of implementation (i.e. at financial close). Accordingly we look to partner with investors who share our goals, whom we trust and can develop strong relationships with, and who demonstrate equally sound judgement.

We do not explicitly apply hard and fast investment rules but rather we seek to leverage our professional knowledge and experience to identify, understand and weigh up the factors that impact risk and reward features of energy and infrastructure projects, and in the context of all-encompassing sustainability goals.

We believe that

risk assessment and opportunity scoping

is a continuous process that required distinct implementation, yet we do not focus on risk management to the extent that it overshadows opportunity awareness.

Through our risk management strategies we seek to identify and interrogate all potential threats and we address these through a rational and proactive approach.

We invest in a focused portfolio of energy and infrastructure projects with significant business interests in Africa. The projects are selected for their potentially superior and fundamental value and we believe that our investment approach will deliver superior returns over the long-term and at a lower risk of loss.

In particular we invest in early-stage development (broadly pre-feasibility and feasibility). As project investments come into greater focus, they may be established in SPVs that permit ownership, risk crystallisation, management and financing to be transparent. Once projects are migrated into an SPV, we look to secure external investors in order to accelerate development.

At Financial Investment Decision or ‘Financial Close’, we will arrange the debt and equity needed and seek to exit.

Confirm comfort with the jurisdiction, technology, off-taker and partners. Project risks are enumerated in a preliminary risk register and a high-level project plan is developed.

Critically analyse projects for qualitative and quantitative risks and opportunities. This then becomes the basis against which each geography, projects, contract negotiation and progress are measured, and the development of a financial model.

Negotiate conditional development agreements, update financial model and project plan and re-validate mobilisation assumptions.

Ratify project agreements, mobilise and track progress.