Providing clients with unambiguous, independent and objective advice, we are the preferred provider of commercial due diligence in our market sectors.

The Tolvik team has a comprehensive knowledge of the market fundamentals and dynamics along with extensive experience in the requirements of customers, investors and lenders.

This means that we are uniquely well placed to provide clients with commercial due diligence services either in support of specific project assets or as part of broader Mergers & Acquisition (M&A) strategy.

As a result, Tolvik has earned its reputation through providing clients with unambiguous, independent and objective advice upon which they can rely.

Thank you for the support and insight provided over past few months, it has been invaluable to get us up to speed and understand the business.”

Global Infrastructure Investor, 2022

Supported by Professional Indemnity Insurance of up to £10m we have been engaged by both debt and equity investor across project finance, refinancing and M&A activity for investments ranging in scale from £5m to £4bn.

A selection of Corporate and M&A appointments

2022
Commercial Advisor
£2bn acquisition of Suez UK by Suez SA
Equity Investors
2022
Commercial Advisor
Sale of Speyside 15MWe virgin
wood biomass plant
Vendor due diligence
2021
Commercial Advisor
£390m acquisition of Augean
Equity Investors
2021
Commercial Advisor
30% investment in Blue Phoenix Group
Equity Investors
2021
Commercial Advisor
€60m Stream BioEnergy, Ireland
Investor diligence into chicken litter & AD market
2020
Commercial Advisor
Acquisition of 49% interest in five FCC EfWs
Equity Investors
2020
Commercial Advisor
£4.2bn acquisition
Equity and Debt Investors
2019
Market Advisor
Sale of Biomass and
Biofuel CHP Assets
Vendor’s biofuel market due diligence and advice
2018
Waste Market Advisor
Purchase of Assets
from NIBC
Infrastructure Fund
Belgian waste market due diligence
2018
Commercial Advisor
€400m purchase
by 3i/DWS
Investor UK export market due diligence
2018
Market Advisor
Purchase of CNIM
interest in 4 EfWs
Investor market due diligence and advice
2018
Commercial Advisor
1.5bn sale to
Dalmore
Consortium
Vendor and Investor due diligence
2016
Market Advisor
2016 IPO Process
Provision of market information

A selection of Project Finance projects undertaken

2022
Commercial Advisor
650ktpa Riverside 2 EfW
Senior Debt Investors
2021
Commercial Advisor
240ktpa Westfield EfW
Senior Debt Investors
2021
Commercial Advisor
395ktpa Kelvin Way EfW
Senior Debt Investors
2021
Commercial Advisor
410ktpa Skelton Grange EfW
Senior Debt Investors
2020
Commercial Advisor
400ktpa
Protos EfW
Senior Debt Investors
2020
Commercial Advisor
350ktpa
Newhurst EfW
Senior Debt Investors
2020
Commercial Advisor
20MW CHP Biomass facility, GWC,
Ghent, Belgium
Senior Debt Investors
2019
Commercial Advisor
545ktpa
Rookery South EfW
Senior Debt Investors
2018
Commercial Advisor
£200m EfW Debt
Refinancing
Debt Investors
2018
Commercial Advisor
220ktpa
Earls Gate
Energy Centre
Senior Debt Investors
2017
Commercial Advisor
785ktpa Riverside
EfW Refinancing
Senior and Junior Debt Investors
2017
Commercial Advisor
570ktpa Ferrybridge
FM2 EfW Debt
Financing
Senior Debt Investors
2017
Commercial Advisor
600ktpa Dublin EfW
Debt Refinancing
Debt Investors
2016
Commercial Advisor
525ktpa K3CHP
EfW
Senior Debt Investors
2016
Commercial Advisor
200ktpa Parc Adfer
EfW
Senior Debt Investors