Atkins sets up new project finance consultancy
Atkins Acuity will target finance institutions, governments and large corporations
Engineering firm Atkins has set up a consultancy - Atkins Acuity - to advise on project finance.
Atkins Acuity is headed by Dominic Harvey, a lawyer who joined Atkins in September 2015 initially as ‘chief executive, infrastructure and cities advisory’. He previously worked for Norton Rose and then Vinson & Elkins in project finance.
Around him is a new team hired from the likes of McKinsey, KPMG, Arthur D Little, World Economic Forum and Standard Chartered Bank, adding structuring and financing skills to the engineering knowledge that Atkins already has. It has also recruited the former executive director of the Philippines government’s public private partnership (PPP) unit.
The company will target finance institutions, governments and large corporations. Initially it will focus on the Middle East, South East Asia and Africa markets across the core Atkins’ sectors of transportation, energy and infrastructure.
The goal is to achieve revenue of approximately £200m ($141m) in around four to five years.
Uwe Krueger, Atkins’ chief executive officer, said: “Atkins Acuity is a direct response to our client’s needs to deliver more rewarding and higher-value partnerships for infrastructure and energy investments. We believe Governments, corporates and financial institutions alike are frustrated at bottle-necks in programmes and a lack of delivery – the Atkins Acuity end-to-end advisory service is designed to help change that.”
Dominic Harvey, chief executive officer of Atkins Acuity, said: “By combining our engineering heritage with this broader offering of skill sets, our aim is to ensure upfront that projects are technically sound, properly structured and bankable in the international market. We’ll support our clients for the long term, building legacy capability to make sure their teams are fully functional and fit for the future.”