Context
BNP Paribas is a leading global banking institution. I integrated the New York Corporate and Investment Banking arm of the bank in November 2017, after a six months internship in the Geneva based commodity trade finance team. I worked there as an Analyst with a French VIE status (18 months international graduate program).
During the 13 first months of my stay in New York, I worked within the Power & Utilities Coverage team. I was then drafted on a M&A mandate from December 2018 until the end of my VIE in April 2019.
Achievements
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Staffed on the first US utility M&A mandate of BNPP Paribas (buy-side advisory)
- Created the feature for variations of rate base, authorized ROE and distribution revenue requirement in the valuation model
- Performed horizontal and vertical analysis on the target and peer groups
- Provided regulatory advisory on local Public Utility Commission and Federal ratemaking (distribution and transmission) and took an active role in the Due Diligence process and Q&A submission to the Seller’s advisor
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Analyzed and managed a credit portfolio of over 40 clients in the Power & Utilities sector totaling $9BN in authorization among Fortune 500 utilities, IPPs and top Tier developers (Exelon, AES, LS Power, etc.)
- Successfully obtained approval for $1.6BN commitments to corporate credit facilities of utilities and IPPs
- Drafted, presented and secured approval for the Resource Allocation Committee of Project Finance deals
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Created and ran corporate finance and client return models
- Ran scenario/sensitivity analysis of debt capacity and leverage metrics for Rating Advisory and Hunting Licenses
- Modeled bank’s return for facility pricing and renewals for $3BN in successfully approved transaction
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Coordinated pitches and responses to Requests for Proposal on more than 4.4GW of renewable projects in North America among the Project Finance, M&A, Tax Equity and Global Market teams
- Researched project details, PPA and technology in support of the $1BN financing of the largest US offshore wind project (Vineyard Wind)
- Researched and ranked potential Asian, North-American and Middle-Eastern investors and renewable developers for capital raise pitches, including BNPP relationship clients
Jointly drafted five corporate acquisition Hunting License pitches totaling $12.7BN in potential commitments with the Power M&A and Acquisition Finance teams
- Provided inputs for the debt capacity model to the Acquisition Finance team
- Selectively filtered a strategic targets list for the client taking into consideration strategy, geography and size criteria
- Performed comparable analysis to show relative value among the targets
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Streamlined the CSR process through VBA automation and reduced overdue CSR reviews by 90% in 10 months
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Trained a new associate on processes and industry knowledge, including return modeling and Allocation Committee Memos