Hura* Capital is an independent advisory boutique specializing in impact investing. We support start-up funds and innovative companies - mainly in the financial inclusion, agriculture and access-to-energy spaces - using a principal consultant and a network of project-specific talents.
We leverage our expertise and network in numerous emerging and frontier markets to help you. We design solutions that are tailored to your needs and context.
We have a track-record of delivering tangible results to our clients. We combine strong, fact-based, analytical competencies with solid inter-personal and intra-corporate relationship skills, which allows us to consistently deliver quality and actionable outputs
* Hura is a fast-growing tropical tree covered in spines. We saw in it an analogy for growing while protecting against risks, so we picked it as our name.
Facility Design and Structuring
We assist emerging fund managers in defining their policies, structures, KPIs, business models, investment policies, and more. Our services in this category include: Fund structuring and governance Investment policy and mandate development Risk management framework establishment KPIs and performance metrics design Compliance and regulatory guidance
Market Research & Data Analysis
We conduct market assessments, analyze regulations and competition, and provide data-driven insights. Our market research services include: Market assessments and sizing Regulatory and policy analysis Competitive landscape evaluation Data analysis and forecasting Consumer and stakeholder insights
Investment Strategy Development
We help investors with market scoping, risk assessment, and pipeline generation. Our services in this area include: Market analysis and opportunity identification Risk assessment and mitigation strategies Pipeline development and deal sourcing Investment thesis and portfolio construction Sector and thematic investment strategies
Remote CFO/CIO Services
We offer remote CFO and CIO services, including liquidity planning, fundraising, portfolio management, and investments. Our services in this category include: Financial planning and analysis Fundraising strategy and support Portfolio management and monitoring Investment strategy and execution Financial reporting and compliance
M&A and Transaction Advisory
We provide financial and operational due diligence, valuation, and other services related to mergers and acquisitions. Our offerings include: Financial and operational due diligence Valuation and deal structuring Negotiation support and transaction execution Post-merger integration and synergy realization Exit strategy development and implementation
We help clients understand the potential, economic viability, and options for carbon finance. Our services include: Carbon market assessment and opportunity identification Carbon credit project development and management Verification and certification support Offset strategy development and implementation Carbon finance risk assessment and mitigation
some recent work
MINI-GRIDS FINANCIAL Due diligence
An impact investor was considering a debt transaction with a mini-grid developer and operator in Madagascar. As a first stage, we designed the investment policy and criteria for mini-grid models. Based on that framework, we supported the investment team with the business and financial due diligence of the opportunity, including conducting meetings with the management team, the review of the financial model and the assumptions analysis. The first mini-grid deal was subsequently approved by the Investment Committee.
rural electrification finance
The electrification rate is still very low in most SSA countries. Ambitious rural electrification targets associated with substantial funding efforts are needed. As part of a consortium, and thank to funding from the World Bank, we helped draft the rural electrification roadmap for Mozambique addressing the supply and affordability gaps toward full energy access in the country. We also led the design of a blended finance facility to be managed by FUNAE (Mozambique's Energy Fund), to attract more private sector players into the local off-grid energy market. The $20m Facility will be launched in 2023
OFF-BALANCE SHEET FINANCE STRUCTURING
An agribusiness operating in various emerging markets in considering innovative financing solutions to scale-up without weighting on its balance sheet. We led the design of a $10m off-balance sheet financing facility for the company including : legal structures to be followed, a comprehensive financial model with several portfolio quality and funding rates assumptions, term sheet and associated data room
BUSINESS & FINANCIAL MODELLING
A climate tech company active in Africa was planning to raise money after a couple of years of successful revenue generation. We have designed and developed the excel model that offers ease of use and analysis by investors, while allowing the management to properly plan liquidity on a very granular basis. Such work was similarly done with several clients (including leading asset managers in the space) to help them test their assumptions, effectively present their projections and raise debt & equity
Hatem mahbouli, cfa
Founder & Principal
Hatem is an investment professional with extensive experience in private-sector development and impact investing in Asia and Africa. He has sourced and led various debt and equity facilities, including term sheet negotiation, due diligence, syndication of co-investors, financial analysis, contracting, hedging and design of ESG action plans. Transactions and projects have included: equity investment in a greenfield Microfinance bank in Rwanda; equity investment in the first global gender-focused SME debt fund with IFC; the first SME Guarantee Fund in Tajikistan with DEG; innovative finance for solar energy startups in West Africa; receivable finance facility for PAYGO kits in Kenya; EU-funded country line for the energy sector in Zambia, etc. He is very familiar with DFIs, the impact investing industry and impact-focused structures (OBS, result-based finance). He has contributed to several investment and electrification strategies for private and public organization (utilities, rural electrification agencies). He also regularly support business and financial intermediaries with their financial management operations, strategy and fundraising efforts (financial risk management, business modelling). He has held various board and investment committee memberships.
Hatem holds a master's degree in Information Science from Telecom SudParis and a master's in Business Administration from Georgetown University. He is also a CFA charterholder.