Really?
'Who are these key players, boss?!'
Ha, ha, ha! Let's find out, my little invisible friend! ...
Hi Michael, and Voice,
Hello. 'Hello.'
Boutique investment bank DAI Magister has orchestrated the merger of two key players in the renewable energy and climate tech space.
Yeah, who are they? I don't actually have all the time in the world, you know. Who are these key players???
PEG Africa, a provider of digital financing solutions for solar homes systems in rural communities, and Bboxx, a distributor and financer of decentralized solar powered systems to the developing world, will both benefit from extended product lines and increased operational expertise.
Oh, okay.
Please see the full release below for more details.
Eh?! I thought this was the full release.
'Ha! You thought wrong, boss!'
Christ! Does this mean we have to go through all this again?
Never mind.
If you would like to speak to Victor Basta, Co-Head at DAI Magister, then please -
No, you're all right.
Boutique investment bank DAI Magister has advised leading distributed energy company PEG Africa on its merger with Bboxx, a UK start-up delivering clean energy supply in the developing world. This is the first merger of its kind on the continent and in particular, in the off-grid solar space.
Right.
With over 700,000 daily users, and operating across Ghana, Côte d'Ivoire, Senegal and Mali, PEG Africa is a leader in providing digital financing solutions for solar homes systems to those who do not have access to an electrical grid in rural and remote communities. All its solar products are integrated with mobile embedded finance via its PAYG financing model and through flexible micro-payments, customers gain ownership of assets which they can use as collateral for loans for further products and services.
Okay.
Based in London and with key partnerships with some of the largest energy companies in the world, Bboxx manufactures, distributes and finances decentralized solar powered systems to the developing world. It provides affordable clean electricity and other utility services to millions who do not have access to a reliable grid connection. Through its innovative management platform powered by IoT technology and its strong strategic affiliations, it can positively impact over two million people, across 27 markets.
Fine.
By joining forces, PEG's customers will gain access to additional products such as Bboxx's range of value-added products including additional SHSs, clean cooking solutions, finance products, and mobile technology and in turn, the merger will give Bboxx access to new markets and PEG's extensive operational and credit experience.
Okay. / And, uh ... does Hugh have anything to say for himself, or -
Hugh Whalan, CEO and Co-Founder of PEG Africa says: "We have built a pioneering energy provider in West Africa and have been extraordinarily lucky to do it with a group of remarkable people who are passionate about making a positive impact in the world. We look forward to having even greater impact with the bigger scale that is achieved through joining forces with Bboxx."
Thanks, man.
DAI Magister was privileged to assist PEG Africa in its next phase of growth that will not only allow it to expand further across the continent and grow its already global pan-African footprint. More importantly, it will help improve the lives of some of the poorest and most vulnerable within the countries they operate by achieving important economies of scale when cost competitiveness is the name of the game.
'Who was that?!'
I've no idea, Voice.
This follows on from DAI Magister's most recent transaction where -
Yeah, okay. Thanks.
ENDS
ENDS
ENDS
...
Anything else?
Fitness? Listen! I'm the same weight I was a year ago. It's not a tragedy though, because I've been replacing fat with muscle.
However, I can't keep doing that ... [I need to cut calories]
'Why not?'
Because I'll end up looking like the Incredible Hulk, Voice.
'He had green skin.'
Whatever!
Anyway, I've definitely gone beyond Steve McQueen and towards Daniel Craig. I mean, McQueen was never really that muscular. He was just nicely toned, that's all. Obviously, he was a film star from the old days. Modern film stars are different. 'But you're not going to be a film star, Mikey!' No, no ... BUT(!) ... that's the image I want. Film stars seem to take image more seriously than most rock and pop stars. Probably because they have to be, uh ... filmed all the time. I don't know.
All I do know is ... I always take EVERYTHING further!!!
'Just like your songs!'
Yeah, Jesus, just like my songs ... where I fear I may have gone too far in writing that BIG TEN.
It's the way I am, kooks. I can't help it.
Never mind.
Laters!
Oh, before I go ... fresh starts?
Don't talk to me about fresh starts, man. I've given up. My life is too chaotic. And my moods are all over the shop.
Fresh starts are for robots. That's the truth.
Making progress is the thing. All right?
Pretty soon, I'll be one of the three greatest songwriters ever, and I'll look like a film star. What more do you want from me???
Give me a break!
Voice ...
'Laters, kooks! / He's a bit stressed out. He'll be back later with a conceptual.'
