In this episode, we chat to Scott Levy, the CEO of Bedford Row Capital who is a non-bank originator that exists to serve a diverse range of firms who are unable to access the services of banks and want to raise finance in the debt capital markets.
Scott has a background in financial services which includes asset-backed securities, securitisation, debt capital markets, structuring, Islamic finance, and asset management. We talk about current financing for mining companies and in particular, the royalty and streaming model that is becoming increasingly popular in the mining industry.
KEY TAKEAWAYS
- Bedford Row Capital´s primary function is to create access to finance using alternative sources.
- Over the last 15 years, vanilla investment banking has gone increasingly vanilla.
- A reluctance to invest in things that are not seen as totally ESG or green is making it increasingly difficult to secure capital for industries that need it.
- Since 2016, Bedford Row Capital has completed over 150 transactions, with most of the firms they arranged finance for being listed.
- It is the mid-tier transactions that need support.
- Streaming and royalty financing is used to fill the gap until you are ready for investors.
- For investors this form of finance is attractive, Scott explains why, in the podcast.
- It is in everyone's interest to continue production, which keeps the cash flowing.
- Not enough people yet understand the royalty and streaming model.
- Miners who want to tap into this form of finance must be sensitive to the sensibilities of new investors.
BEST MOMENTS
‘We´re in very interesting times, at the moment. ´
‘Merchant banking, at least in the UK, is virtually dead.’
‘Royalty financing is a way to attract new investors into the sector.’
EPISODE RESOURCES
Website: https://bedfordrowcapital.com/
LinkedIn: https://www.linkedin.com/company/bedford-row-capital-advisers/
Website: https://www.raptorcapitalstreaming.com/
VALUABLE RESOURCES
Email: rob@mining-international.org
Website: https://www.mining-international.org/
LinkedIn: https://www.linkedin.com/in/rob-tyson/
Twitter: https://twitter.com/MiningRobTyson
Facebook: https://www.facebook.com/DigDeepTheMiningPodcast/
Instagram: https://www.instagram.com/theminingpodcast/
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast/videos
ABOUT THE HOST
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community insight into people's experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.
Rob is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specializing in all areas of mining across the globe from the first world to third world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our client's organizations in any mining discipline or level.
Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.
Podcast Description
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content about the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.
