01
The challenge
The company held thermal coal assets with declining long-term value but stable cash flows. To pivot, it needed to restructure its capital base and attract ESG-aligned investors.
02
The solution
We designed a capital restructuring strategy that separated legacy assets, established a new holding structure and positioned the company for ESG-aligned institutional investment.
03
The result
The company completed a R2.4bn capital raise within nine months — with 60% of the capital coming from new, ESG-aligned investors. The pivot is now underway.
