Helios Holdings Limited’s Combination With Fairfax Africa Holdings Corporation

McCarthy Tétrault LLP acted as legal advisor to Fairfax Africa and Fairfax Financial. Alvarium acted as financial advisor and Goodmans LLP, as legal advisor to the Special Committee. Lazard acted as financial advisor and Kirkland & Ellis LLP and Stikeman Elliott LLP, as legal advisors to Helios Holdings Group.

Helios Holdings Limited entered into an agreement with Fairfax Africa Holdings Corporation (TSX: FAH.U), an investment holding company traded on the Toronto Stock Exchange, for the combination of their complementary businesses on one unified platform.

On closing of the transaction, Fairfax Africa will be renamed Helios Fairfax Partners Corporation and continue to be listed on the Toronto Stock Exchange, creating the leading pan-Africa focused listed alternative asset manager. The transformative transaction represents a unique combination of a publicly traded investment holding company with a privately held private equity sponsor. Completion of the transaction is expected to occur in the third quarter of this year and is subject to customary conditions.

Established in 2004, Helios Investment Partners is the largest Africa-focused private investment firm, with a record that spans creating start-ups to providing expanding companies with growth capital and expertise.

Fairfax Africa is an investment holding company whose investment objective is to achieve long-term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments in Africa and African businesses or other businesses with customers, suppliers or business primarily conducted in, or dependent on, Africa.

The Kirkland & Ellis team was led by transactional partners Sarkis Jebejian (Picture) and Amanda Border and associate Dan Vaczy and investment funds partner Daniel Lavon-Krein and foreign associate Brenda Elizondo, as well as a London-based team including investment funds partner Amala Ejikeme and associate James King and tax partner Timothy Lowe.

Involved fees earner: Amanda Border – Kirkland & Ellis; Amala Ejikeme – Kirkland & Ellis; Brenda Elizondo – Kirkland & Ellis; Sarkis Jebejian – Kirkland & Ellis; James King – Kirkland & Ellis; Daniel Lavon-Krein – Kirkland & Ellis; Timothy Lowe – Kirkland & Ellis; Daniel Vaczy – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Helios Investment Partners;

Author: Ambrogio Visconti