Mergers And Acquisitions
- Helios Investment Partners in its launch of Africa Specialty Risk Group, a reinsurance business.
- HarbourVest Partners in its secondary acquisition of a majority interest in Digital Prosperity Fund I and an associated co-investment vehicle, both managed by Amadeus Capital Partners, from MTN Group.
- Capital Group Private Markets and other selling shareholders in the $1.85 billion sale of Eaton Towers to American Tower. The deal won the “M&A Deal of the Year” category at the IFLR1000 Sub-Saharan Africa Awards.
- SBM Ventures in its investment in mPharma, an Africa-based company that manages prescription drug inventory for pharmacies and their suppliers in various African jurisdictions.
- Prudential Financial, as the primary investor in LeapFrog Strategic African Investments (LSAI), in LSAI’s $180 million investment in Ghanaian financial services market leader Enterprise Group.
- Helios Investment Partners in its sale of a minority stake in Interswitch to TA Associates. Helios Investment Partners remains the majority shareholder following the transaction.
- Capital Group Private Markets, part of Capital Group, in its acquisition of a 35% interest in Tsebo, the leading Pan-African facilities services company.
- Helios Investment Partners in a subsequent investment in MallforAfrica, a Nigerian e-commerce company.
- A private equity fund in the subscription of subordinated convertible promissory notes in a Cayman Islands incorporated company which operates an energy business in Africa.
- Helios Investment Partners and its investment vehicle Samba Luxco Sarl in the settlement of claims made in an ICC Arbitration regarding Samba's stake in Africatel BV. The settlement involved reducing Samba’s stake in Africatel BV from 25% to 14%, and the transfer from Africatel BV to Samba of a 34% stake in Mobile Telecommunications Limited, the Namibian telecoms operator.
- Opportunity International in its sale of a majority stake in Kinshasa, a microfinance institution operating in the Democratic Republic of Congo, to VisionFund International.
- Prudential Financial in its $350 million partnership with LeapFrog Investments, targeting investments in life insurance companies in Africa.
- HarbourVest Partners in its investment, as part of a consortium of new investors, in a follow-on capital raise by a private equity-owned telecom tower company in Africa with broad geographical coverage over the continent.
- Helios Investment Partners in its minority investment in Wananchi Group as part of a $130 million investment from Helios and existing shareholders.
- Clayton, Dubilier & Rice in its acquisition of up to a 49% stake in NYSE-listed CHC Group, the world's largest commercial helicopter operator with an enterprise value of $1.9 billion.
- Helios Investment Partners in the acquisition by Helios Towers Africa of 3,100 telecommunications towers, located throughout Africa, from Bharti Airtel.
- A consortium including HarbourVest Partners and Coller Capital, in their secondary purchase of interests in Absa Capital Private Equity Fund I from Barclays Africa Group, formerly known as Absa Capital, as part of a spin-out of Absa Capital Private Equity from the Absa Group.
- Helios Investment Partners in its investment in MallforAfrica, a Nigerian e-commerce company.
- Capital International Global Emerging Markets Private Equity Fund in its purchase of a minority interest in Mobile Systems International Holdings B.V.
- The Carlyle Group in fund and tax structuring advice relating to its $210 million acquisition of a minority interest in Export Trading Group.
- Helios Investment Partners in the acquisition of a controlling stake in Interswitch, Nigeria’s largest electronic transaction switching and payment processing service provider, from several Nigerian banks.
- Genbel Securities, the investment management arm of Sanlam Financial Services Group (South Africa), in its sale of Fieldstone, an investment banking boutique focused on project finance and infrastructure projects, to Fieldstone Private Capital Group.
- Merrill Lynch, as financial advisor to Dimension Data Holdings plc, in Dimension Data Holdings plc's $376 million acquisition of Proxicom.
- A Ripplewood-led consortium in its purchase of a minority interest in The Commercial Bank of Egypt.
- Ripplewood, Eton Park and RHJ International in the sale of their minority interest in Commercial International Bank to Actis.
- The acquisition of a strategic stake in a major Algerian state-owned company. (Terminated)
- Helios Investment Partners in the formation of a joint-venture with GBfoods targeting the African fast moving consumer goods (FMCG) sector, creating one of Africa's largest FMCG groups, operating in 30 African countries, including leadership positions in Nigeria and Ghana.
- Eutelsat in a partnership initiative to provide data connectivity to Sub-Saharan Africa.
- Phelps Dodge in its joint-venture with Dynatec to evaluate development of the Ambatovy nickel deposit in Madagascar, and in its sale of its 47% interest in the Ambatovy nickel deposit in Madagascar to its joint-venture partner Dynatec in exchange for an interest in Dynatec.
- Korea Heavy Industries and Construction, a major Korean industrial company, in a proposed power plant project in Morocco. (Terminanted)
- Mitsui in its proposed development of a phosphate manufacturing facility in Morocco.
- The Carlyle Group in the formation of Carlyle MENA Partners, a $500 million Middle East and North Africa buyout fund.
- The Carlyle Group in the formation of Carlyle Sub-Saharan Africa Fund, a $698 million Sub-Saharan Africa fund.
- Zephyr Management in the formation of Pan-African Investment Partners, a $150 million Africa buyout fund.
- Zephyr Management in the formation of South Africa Capital Growth Fund, a $125 million South Africa buyout fund.
- Ashanti Goldfields in Ghana on various syndicated bank financings.
- A U.S.-based natural resources company in an ICC arbitration against an African State-owned entity relating to the sale of shares in a holding company with significant assets in an African country.
- A major London-based mining company and its African subsidiary, one of the largest mining and metals companies in Africa, in four parallel LCIA arbitrations relating to a $500 million dispute with a major contractor over short delivery and other alleged breaches of a contract for mining services at an open cast copper mine in Southern Africa.
- A Canadian mining group in a dispute with the government of an African country, concerning claims of breach of the tax stabilisation and other provisions of an agreement for the operation of a copper treatment facility, and an expropriation of certain of the mining company’s rights.
- A leading natural resources group in its criminal investigation by the SFO into allegations of fraud, bribery and corruption relating to the activities of the company or its subsidiaries in Kazakhstan and Africa.
- Exxon Mobil Development Company and its subsidiary Esso Exploration & Production Nigeria in challenging the constitution and jurisdiction of a tribunal in arbitration proceedings.
- An international mining group in its ongoing tax dispute in the context of development agreements with the Government of Zambia.
- Phillip Morris in its business in Africa.
- ICC arbitration relating to a dispute in the region of $100 million arising out of the installation of an extensive telecommunications and Data Control System in North Africa.
- The Government of Ghana against claims brought by Telekom Malaysia Berhad for over $150 million in an arbitration under the UNCITRAL Rules pursuant to the Malaysia – Ghana BIT. The case settled amicably after final hearings.