2. Phoenix Greenworks Capital
Phoenix Greenworks Capital Ltd (“PGC”) is a financial services firm, focused
on the renewable energy and waste sectors. PGC is developing projects in both
Western and Eastern Europe, Africa, Asia and the Middle East.
PGC’s strength and market edge is drawn from the breadth and depth of its
team’s experience, coupled with their knowledge and network of local experts in
the renewable energy and waste fields.
PGC’s mission and objective is to assure delivery of robust, sustainable and
environmentally compliant renewable energy and waste projects in regions
where they both are in demand and supported by the respective governments
and constituencies.
PGC is a subsidiary of Phoenix Partners Group, a leading credit and equity
derivatives interdealer broker with offices in New York, London and Paris.
3. PGC overview
Project Developers / Capital
projects
Bank debt
HFs
PGC
HNIs
Private Equity
1. PGC uses its expertise to source 2. PGC understands the preferences of
projects and project developers with each capital source and presents the
bankable, strong track records and appropriate opportunities accordingly
those projects with attractive risk-
adjusted returns
4. PGC understands the structure of renewable energy
projects and their strong contractual underpinnings
Bank PGC and its parent company Phoenix Partners
Finance Group have an extensive network of financial
Equity Operations
partners and relationships including:
Investor • Private equity funds
Debt • Hedge funds
Finance
• Commercial banks
O&M
Equity
Contract • Global investment banks
Sponsor
• High net worth individuals
EPC Project Subsidies Govern-
Builder and Loan
Contract Company ment
Support
PGC has the experience and relationships to
Feedstock
Power
facilitate each aspect of a project through its
Agreement
Purchase relationships with:
Agreement
• Government bodies
Off take
Agreement • Financial institutions
Fuel Power • Technology developers
Supplier Purchaser
• Engineering firms
Fuel
Consumer
• Operating and management companies
• Fuel suppliers
• Energy consumers
5. PGC’s in-house capabilities and Phoenix’s broader
capital markets platform offer a broad foundation for
project facilitation
Phoenix Partners Group
Legal expertise
Initial Investment -
project Project Management ready project
outline
PGC
Technical expertise
Financial modelling
• Financial markets
• Commodities markets
• Renewable energy markets
• Compliance
6. The PGC Team
Thomas Lumsden – CFA, Managing Director, Los Angeles & London
Thomas leads PGC in structuring and securing finance for its projects. Thomas is also the founder and CEO of TL
Capital Group. Prior to joining Phoenix, from 1996-2007 Thomas was a Partner with Promethean Asset
Management, a New York-based hedge fund. At Promethean Thomas lead the direct lending business and was
solely responsible for opening and managing Promethean’s European operation. Promethean had assets under
management of approximately $600m and successfully closed over 70 deals, which totalled in excess of $1.7bn.
Simon Thorne – Managing Director, London
Simon, a qualified lawyer, has extensive experience in the waste sector. Simon has previously held the following
positions: legal compliance director at SITA UK (a leading global waste management company); founder of
Climate Finance; chairman of the EIN (Environmental Investment Network); chairman of the Environmental
Specialty Group of TAG law; and chairman of Forbury Environmental (an environmental consultancy firm). Simon
has been involved in all aspects of waste projects, from inception to operation, utilising technology solutions
including incineration, anaerobic digestion, gasification and mechanical heat treatment.
Graham Smith - Managing Director / Phoenix Partners Group, London
Graham is a partner in PGC’s parent company. Graham works to secure finance for PGC’s projects and further
with all aspects of Phoenix’s related businesses, with a focus on Commodities and Phoenix’s senior management.
Graham has a track record of founding successful brokerage businesses such as Axiom Global (London office)
and Mint Equities (Fixed Income business). In 2006 Graham co-founded the London business of Phoenix
Partners Group, a top-5 Global InterDealer Broker, headquartered in New York with offices in London and Paris.
Graham is also an ex-Olympian.
7. The PGC Team
James Wang – CFA, Senior Financial Analyst, New York
James has more than 10 years experience in the financial services industry spanning equity analysis,
investment banking and corporate finance. James has a Bachelor of Economics degree from the Beijing
International Studies University, and an MBA with majors in Finance and Accounting from the Wharton
School, University of Pennsylvania.
Ali Rahman – Global Business Development , New York
Ali project originates in the Middle East, Africa and the Caribbean. Previously Ali was an associate in the
Corporate & Securities as well as Finance practices at Pillsbury Winthrop Shaw Pittman LLP where he
focused on project finance and M&A in the energy industry. Prior thereto, Ali was employed at the
International Crisis Group, an independent non-governmental organization working through field-based
analysis and high-level advocacy to prevent and resolve deadly conflict.
Daniel Grossman – LLB Hons, Project Associate, London
Daniel is a Law graduate who joined PGC’s parent company PPG, in 2009. At PPG Daniel worked in the
wholesale Capital Markets facilitating efficient execution of trading orders for PPG’s clients. Daniel joined
PGC at the beginning of 2011 to assist in all aspects of the business.
PGC working committee: This comprises all 6 PGC team members together with Phoenix Partners Group’s
CEO, Nicholas Stephan, the COO, John Bolton, and the head of Compliance, Ron Steinfeld. The
complement of the most senior members of the parent firm to PGC’s working group demonstrates Phoenix’s
commitment to the business, as well as its ability to leverage its significant business acumen in helping PGC
achieve its mission and objectives.
9. European Solar, Waste-to-Energy and Wind
European Solar
• Following the introduction of the government feed in tariffs (FiTs) across Europe in recent
years, PGC is advising selected investors on several solar project opportunities
UK – property and EFW site
• PGC is raising the funds (equity/debt) for a PGC-designed proposal for an EFW site on a
property that has the potential for a number of renewable energy projects
Waste to Energy
• In 2009 PGC provided the development work for a pyrolysis / gasification plant situated in
Southern Poland. The project has reached financial close and is now under construction
• PGC is now in talks with several municipalities to provide the project expertise, technology
and finance to install solutions to the waste challenges facing several regions in Poland
Wind
• PGC has developed a network of relationships from which have emerged wind energy
development opportunities – these have sprung from PGC’s commitment on the ground in
Poland
10. Phoenix Greenworks Capital Limited (registered in England under number 07008511 and
with the Financial Services Authority under number 511113) is the appointed representative
of Phoenix Partners Group LLP (registered in England under number OC320934 and with
the Financial Services Authority under number 454748), which is authorised and regulated
by the Financial Services Authority.
