Debevoise Advises Helios in Acquisition of Majority Stake in Telkom Kenya

13 June 2016

The London office of Debevoise & Plimpton LLP has advised longstanding client Helios Investment Partners in its acquisition of a 60% shareholding in Telkom Kenya by Jamhuri Holdings Limited, a company owned 100% by HeIios Investors III, L.P.

The transaction also included an increase in the shareholding of the Government of Kenya in Telkom Kenya from 30% to 40%.

The transaction has received regulatory approval.

Telkom Kenya provides integrated communications solutions in Kenya with the widest range of voice and data services as well as network facilities for residential and business customers.

Helios Investment Partners is an Africa-focused private investment firm managing funds totalling approximately $3 billion. Helios’ diverse LP base includes a broad range of the world’s leading investors, including sovereign wealth funds, corporate and public pension funds, endowments and foundations, funds of funds, family offices and development finance institutions across the US, Europe, Asia and Africa.

Debevoise has advised Helios in a number of investments in Africa, including its investment in East African broadband and pay TV provider Wananchi Group at the end of 2014.

The Debevoise team advising Helios was led by London partner Geoffrey P. Burgess and associate Dominic Blaxill. Tax advice was provided by London partner Richard Ward and associate Ceinwen Rees.

Anjarwalla & Khanna acted as local Kenyan counsel for Helios.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.