Environmental Services, Water & Circular Economy
Regulated revenue, long assets
Environmental businesses combine regulated revenue, long asset lives, permitting and offtake risk.
Our role in the sector
We assess tariffs and contracts, capital expenditure, regulatory exposure and operating capability, and support financing and investment structures.
Permitting, operation and compliance remain with the operator.
What we examine
Areas of interest: water services, recycling, waste management and resource recovery.
- Water services — tariffs, concession terms, non-revenue water and capital programmes
- Recycling — feedstock security, offtake prices and processing economics
- Waste management — contract duration, permitting and collection-network efficiency
- Resource recovery — technology risk, product markets and regulatory drivers
Options we assess
Senior debt from banks and institutions — subject to each lender’s own decision.
Private credit and structured credit where banks step back.
Mezzanine and quasi-equity bridging the funding gap.
Institutional, strategic or co-investment equity, case by case.
