White & Case LLP has advised Goldman Sachs as leader in the round JUMO, the largest and fastest growing technology platform for operating inclusive mobile financial services marketplaces, today announced the close of an equity funding round of USD$52 million led by Goldman Sachs, with participation from other leading investors including Proparco, the private sector […]
DLA Piper and DLA Piper Africa member firm, IKM Advocates, have successfully defeated the claim estimated to be worth US$2 billion in arbitration proceedings brought by a mining investor, Cortec Mining Kenya Limited. The claim was brought under the bilateral investment treaty (BIT) between the UK and Kenya dated 13 September 1999. The arbitration took […]
White & Case LLP has advised the International Finance Corporation (IFC) and a syndicate of around 20 development financial institutions and commercial lenders on the financing of the US$1 billion expansion of a world-scale urea fertilizer production facility near Port Harcourt, Nigeria. IFC will directly lend US$100 million and mobilize an additional US$850 million of […]
DLA Piper Garrigues and Afrique Advisors advised on the deal US private equity fund Brookstone Partners finalized the acquisition of Morocco-based renewable energy company AM Wind from Altus and All’in Consulting. The acquisition is a part of Brookstone Partners’ plans to develop a 900 MW wind farm in the Dakhla region of Morocco. With an […]
White & Case LLP has advised Absa Bank Limited (acting through its Corporate and Investment Banking Division), as exclusive mandated lead arranger, sole underwriter and sole hedge provider, on the R6.6 billion financing for Mainstream Renewable Power’s two wind projects in the Northern Cape and Western Cape provinces in South Africa. The projects, Kangnas and […]
DLA Piper has advised La Société d’Aménagement Zenata (SAZ), the entity in charge of the overall development of the Zenata Eco-City in Morocco, on the signature of a cooperation agreement with the Saudi German Hospital Group to develop a healthcare centre. Zenata is the biggest Eco-City project in Morocco and the first to have obtained […]
DLA Piper Africa has advised leading pan-African fintech service provider, Cellulant Corporation, on its series C equity capital raising from The Rise Fund (TPG’s global impact investment fund), Endeavour Catalyst and Satya Capital. The company’s existing investors include Velocity Capital Private Equity, Progression Capital Africa and TBL Mirror Fund. The transaction is subject to various […]
Eversheds Sutherland has advised GuarantCo Ltd. on the provision of a re-guarantee facility, worth up to $74 million, to the guarantors of a number of financial institutions who provide loans to small and medium sized enterprises in Africa. The facility, provided to the African Guarantee Fund for Small and Medium Sized Enterprises and the African […]
Clifford Chance et Meziou Knani & Khlif ont conseillé dans le cadre de l’opération Banque Européenne pour la Reconstruction et le Développement (BERD) a finalisé son financement de 38 millions d’Euros à la société Figeac Aéro, constructeur aéronautique français en forte croissance, pour l’extension de ses installations de production au Maroc et en Tunisie. Figeac […]
Banwo & Ighodalo and White & Case LLP advised the Federal Republic of Nigeria on the update of its US$4.5 billion Global Medium Term Note Programme and subsequent issuance of US$3 billion aggregate principal amount of dual series notes thereunder. The Notes, which were issued on 28 November 2017, comprise a US$1.5 billion ten-year series […]
Bookbinder Business Law advised ARABOV Group Limited, in relation to a dispute with Belgium based company Mackie Diamonds. Our client was sued on the basis of a consignment agreement for diamonds allegedly being sold to our client, and for payments not forthcoming. Established in 1958, Arabov Group Ltd. is an international diamond company with over […]
Appleby Mauritius advised ECL Finance Limited, a Mumbai-based financial services company, in its offer, by way of private placement to targeted investors, of INR denominated USD settled notes (also commonly known as masala bonds) aggregating to INR 5.02 billion (US$75 million equivalent in INR). The Appleby team was led by Partner, Malcolm Moller (Picture) and […]
