Davis Polk is advising Helios Investment Partners on the plan for a merger of its portfolio company Telkom Kenya Limited with Airtel Networks Kenya Limited. Under the terms of the combination agreement, Telkom Kenya Limited and Airtel Networks Kenya Limited will merge their respective Mobile, Enterprise and Carrier Services businesses in Kenya to operate under a joint venture company to be named “Airtel-Telkom.”
Telkom Kenya Limited’s real estate portfolio and specific government services will not form part of the combined entity. The completion of the transaction is subject to regulatory approvals and customary closing conditions.
Helios Investment Partners is the largest Africa-focused private investment firm, with a record that spans creating start-ups to providing established companies with growth capital and expertise. With offices in London, Lagos and Nairobi, Helios Investment Partners manages geographically diversified portfolios of private equity and credit investments in over 30 African countries.
The Davis Polk team includes partner Jacques Naquet-Radiguet (Picture) and associates Jean-Christophe Devouge and Ferdinand Barbé.
Law Firms: Davis Polk & Wardwell;
Clients: Helios Investment Partners;