Financial Advisory

Our Advisory team specialises in infrastructure, energy transition, and digital infrastructure projects.

We offer tailored independent financial advice to support you in structuring winning bids.

Our advice ranges from financial modelling to complete financial advice.

Our extensive auditing experience provides us with superior market insight into project funding and our independence ensures your project benefits from the best funding options. Access to our acknowledged world-leading financial modelling expertise ensures funders’ complete confidence in your model.

Global Clients, Bespoke Solutions

We work alongside project developers, contractors, investors and asset managers worldwide. We appreciate that no two projects are the same and take a tailored approach to give you the team and service that you need.

Our clients don’t always need an all-encompassing service. You can pick and choose which of our financial advisory services will add the most value to your team and project.

We‘ll happily step in at any stage of your project and, through close collaboration with your in-house team, help you achieve attractive financing terms.

Why choose Operis?


One of the world's largest modelling teams, we have the resources to support any project.

Market Insight

As leading model auditors, we have wide visibility of funding terms.


Without ties to any lenders, we ensure that projects benefit from the best funding options.


Our rigorous, analytical approach to financial advice helps clients structure winning bids confidently.

Financial Advisory Services

Greenfield Advisory

We offer expert commercial and financial advice from project inception to financial close.

Our team provides you with funding solutions, including:

• advice on bid strategy
• contractual negotiation
• transaction model development
• running funding competitions from multiple sources of debt
• sensitivity analysis based on due diligence

We optimise your financial structure and advise you on debt raising. We also provide commercial advice on contractual negotiations of project documents (PPP agreement, PPAs, subcontracts and payment mechanisms).

Refinancing Advice

We help our clients unlock value from their projects through focused refinancing advice.

We support you at any stage of the refinancing. Following the initial refinancing feasibility assessment, we can:

• assist with model re-building
• engage with public sector clients
• offer independent tax and accounting advice
• optimise financial structures
• arrange the most competitive source of debt finance
• support internal investment approval processes

M&A Advisory

We offer expert financial valuation advice for both bidders (buy-side) and vendors (sell-side) of infrastructure and energy projects.

Our team provides you with valuation and due diligence advice, including:

• advice on bid strategy
• detailed valuation of the asset(s), either to prepare an asset for sale or to submit a competitive offer for an asset
• sensitivity analysis based on detailed financial due diligence
• general bid support

We optimise your financial valuation and support your financial due diligence effort. We can also assist with the optimisation of leverage at operating company level.

Business Scenario Modelling

We can offer independent financial advice and financial modelling expertise to develop and review alternative scenarios, whether reacting to a changing environment or evaluating various business development options.

We help you identify the best option for your business.

We develop robust financial models and provide expert analysis to show the potential economic outcomes of different scenarios.

Tax & Accounting Advice

We offer professional advice on tax legislation and accounting standards.

Tax and accounting rules impact the project cash flow and financial statements. Having a financial advisor who can correctly interpret tax regulations and laws is essential.

Our team includes both chartered accountants and tax advisers. They ensure that your model conforms to the most recent local tax legislation, including sales tax and related cash flows, and IFRS or local GAAP.

Feeling confident about cash flow projections, you can make well-informed investment decisions.

Our Experience


years of experience


total capital value



Project Value Country Year  
Croydon & Lewisham Street Lighting Refinancing Advisory £66 m United Kingdom 2023

Equitix has lined up a sole lender to refinance the project.

Aviva Investors has been appointed to provide circa GBP 70m of debt for the refinancing.

The refinancing has been approved by both councils, which is expected to result in savings of GBP 860,000 to be split between the two authorities, according to a filing from the Lewisham council.

Triton Knoll OFTO Brownfield Advisory £523 m United Kingdom 2023

An offshore electricity transmission project for the Triton Knoll offshore wind farm in the UK.

The Japan Bank for International Cooperation (JBIC), Sumitomo Mitsui Banking Corporation, Societe Generale, Barclays Bank and Aviva Life & Pensions UK have agreed to finance the project.

Triton Knoll OFTO will own and operate the facilities for the wind farm, which has a generation capacity of 857 MW and is located off Lincolnshire.

Île-aux-Tourtes Bridge Replacement P3 Greenfield Advisory £1,166 m Canada 2023

The Quebec Transport Ministry is the Île-aux-Tourtes bridge that link the Island of Montreal and Ontario.
The new bridge is being built just to the north of the current bridge, and carry six lanes of regular traffic, as well having bus lanes on both sides and a combined pedestrian and bicycle lane.

Sheffield Highways Greenfield Advisory £369 m United Kingdom 2022

The refinancing in March 2022 of the Sheffield Highways PFI. BBVA, MUFG and Caixabank provided GBP 240m of fresh debt for the project.

The PFI, owned through the SPV "Amey Hallam Highways Limited", is sponsored by Amey, Equitix and Pensions Infrastructure Platform. It involves the 25-year upgrade, operation and maintenance of the city's 1,902km road network.

Rock Rail West Coast Greenfield Advisory £350 m United Kingdom 2019

A new fleet consists of 135 vehicles comprising both electric trains and electric-diesel bi-mode trains. The trains will be built by Hitachi at their Newton Aycliffe factory in North-East England. They will run on the West Coast Partnership franchise, run by a joint venture between First Group and Trenitalia operating as Avanti West Coast.

Rv3/Rv25 Ommansvollen – Grundset/Basthjørnet Road Greenfield Advisory £480 m Norway 2018

The Rv3/Rv25 PPP Project was the first of a new generation of PPP Projects procured in Norway. The Project consists of a 26-kilometre-long greenfield upgrade to the existing Rv3 and Rv25 roads, which follows a new alignment located close to the existing highway corridor.

View case study
University of Leicester Freemens Common Village Greenfield Advisory £145 m United Kingdom 2019

Engie acts as building contractor to construct 1,164 new student rooms across 7 blocks on a site adjacent to the University’s main campus. The project also delivers a new 9,000m2 teaching and learning centre, a 500-space multi-storey car park and the refurbishment of the Grade II-listed Freemen’s Cottages, which is used as office and study space.

Carlisle Northern Development Route Refinancing Advisory £100 m United Kingdom 2018

The project involves the design, construction, operation and maintenance of the new Carlisle Northern Development Route from Junction 44 of the M6 at Greymoorhill, to the Wigton roundabout west of Carlisle, which connects to the A595. The road is just over 5 miles long and includes 8 new roundabouts, 3 new bridges and the demolition of an old bridge, 4 underpasses, 15 flood relief culverts and 3 traffic counters.

Hartland Residuals Treatment Facility Greenfield Advisory £71 m Canada (BC) 2018

The Hartland Residuals Treatment Facility is near Victoria, British Columbia, in Canada. The project was procured by the Capital Regional District (CRD) under the design-build-finance-operate-maintain P3 model.

View case study
Northwest Parkway Buyside M&A £587 m USA (Colorado) 2017

The road, which opened in 2003, has strong traffic history and connects with several toll and non-toll highways, including E-470, I-25, US-36 and US-287, providing convenient access to residential and commercial centres in the region.

Rock Rail South Western Greenfield Advisory £1,000 m United Kingdom 2017

The Project involves the procurement of rolling stock fleets to run on the South Western rail franchise, for which the RockRail will facilitate the raising of debt and equity funding.

Primary Care Centres Greenfield Advisory £108 m Ireland 2016

The Project involved the design, build, finance and provision of facilities management services for 10-14 Primary Care Centres across Ireland. The project will last for an anticipated period of 25 years post-construction.

N18 Groenlo-Enschede Greenfield Advisory £94 m Netherlands 2016

The PPP project involves the upgrade of the existing N18 between Enschede - Varsseveld. This includes expanding 20km of road between Groenlo and Haaksbergen from two lanes to three and building 7km of dual carriageway between Haaksbergen and Enschede.

Meet our Financial Advisory Team


Birmingham University: Pritchatts Park Residences

The project involved Birmingham University seeking a private partner for its £125m student accommodation DBFOM contract.

Read more

Rv3/Rv25 Ommansvollen – Grundset/Basthjørnet Road

The Rv3/Rv25 PPP Project was the first of a new generation of PPP Projects procured in Norway.

Read more

University of Essex Student Accommodation

This project involved two student accommodation PPPs at the University of Essex's Colchester campus delivered by Uliving, made up of Bouygues/LinkCity, Derwent Housing Association and Equitix. Both transactions achieved financial close in the first half of 2017.

Read more

CRD Hartland Residuals Treatment Facility

The CRD Hartland Residuals Treatment Facility is near Victoria, British Columbia, in Canada. The project was procured by the Capital Regional District (CRD) under the design-build-finance-operate-maintain P3 model.

Read more

Let's talk about your project

Discuss the specifics of your project with our financial advisory team.

Get in touch


Please get in touch with either of our regional offices.
Chris Aldred

+44 207 562 0433

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Jun Tao

+44 207 562 0428

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Michael Jarman

+1 647 243 8016

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Operis Europe

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Operis North America

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Chris Aldred

+44 207 562 0433

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