DEBT/EQUITY CAPITAL MARKETS:

• Advised First Ally Capital Limited on the acquisition of a majority equity stake in Mines.IO Nigeria Limited.
• Advised First Ally Capital Limited on the acquisition of a majority equity stake in Mines.IO Nigeria Limited.
• Advised on the listing by introduction of the shares of Nigerian Exchange Group Plc on Nigerian Exchange Limited (NGX).
• Advised Access Bank Plc, Nigeria’s largest bank by asset size, on the issuance of a US$50 Million Regulation S 5-year Senior Unsecured Step-Up Puttable Green Bond due 2027. The Bond, which was the Bank’s first US Dollar denominated Green Bond, was issued in the international capital market via a private placement and is listed on the Main Market of the London Stock Exchange.
• Advised Access Bank Plc, a systemically important Nigerian bank on the issuance of US$500 Million Rule144A/Regulation S Senior Unsecured Eurobond Notes due 2026, admitted to trading on the London Stock Exchange.
• Advised Skyway Aviation Handling Company Plc on its Initial Public Offering and Listing of Shares on the NGX.
• Advised Access Bank Plc on its issuance of N15 Billion (5-year 15.50%) Fixed Rate Senior Unsecured Green Bonds due 2024, the first ever approved Climate Bonds Standard Certified Corporate Green Bonds issuance in Africa.
• Advised Access Bank Plc on its N30 Billion Naira, Tier II, 7 year, 15.5% Fixed Rate Subordinated Unsecured local bond issuance.
• Advised the Joint Lead Managers in relation to the CHF 200 Million Eurobond issuance by Africa Finance Corporation under its US$3 Billion Global Medium Term Note Programme.
• Advised Union Bank Plc on the establishment of its N100 Billion Debt Issuance Programme and the N7.19 billion Series 1 and N6.31 billion Series 2 Bonds issued under the Programme.
• Advised Access Bank Plc on the listing of the additional 6.617 billion units of ordinary shares arising from its Scheme of Merger with Diamond Bank Plc on The Nigerian Stock Exchange.
• Advised Rand Merchant Bank Nigeria Limited on its N40 Billion Bond and Structured Note Programme, to be issued through a special purpose vehicle.
• Advised on the inaugural N80 Billion Commercial Paper Programme established by Rand Merchant Bank Nigeria Limited.
• Advised the Joint Lead Managers (J.P. Morgan Securities Plc and Morgan Stanley & Co. International Plc) in connection with the Eurobond offering of US$400m by Guaranty Trust Bank Plc under a US$2 Billion Global Medium Term Note Programme. The Eurobonds were listed on the London Stock Exchange.
• Advised UBA Trustees Limited in their capacity as Trustees in relation to the issuance of N26 Billion Fixed Rate Unsecured Series 1 Bonds by First City Monument Bank Limited (“FCMB”) under a N100 Billion Debt Issuance Programme and the Series 2 and 3 Bonds issued by FCMB under the Programme.
• Advised the Joint Lead Managers (Citibank Global Markets Limited, Goldman Sachs International and Standard Chartered Bank) in connection with the US$800 Million Eurobond Issuance by IHS Netherlands Holdco B.V., the holding company of IHS Nigeria Limited – the largest mobile telecommunications infrastructure provider in Africa.
• Advised Access Bank Plc in connection with its establishment of a US$1,000,000,000 Global Medium Term Note Programme, under which it undertook a Eurobond offering of US$400 Million Resettable Subordinated Tier II Notes. The Eurobonds were listed on the Irish Stock Exchange.
• Advised on the N359 Billion Bond Issuance Programme by Local Contractors Receivables Management Limited established for the purpose of issuing bonds to pay the debts of the Federal Government of Nigeria to local contractors, as identified by the Debt Management Office. The Firm advised on bonds issued in Tranches 1 and 2 under the Programme.
• Advised Access Bank Plc in connection with its Eurobond offering of US$350 Million Senior Notes. The Notes were offered in accordance with Rule 144A and Regulation S under the U.S. Securities Act to qualified institutional buyers and non-U.S. persons outside the United States respectively.  The Notes were listed on the London Stock Exchange.
• Advised a Nigerian publicly quoted oil and gas company in connection with the JPY750,000,000.00 (Seven Hundred and Fifty Million Japanese Yen) convertible Bonds issued to an offshore entity.
• Advised Deutsche Bank Trust Company Americas (the Depositary), Deutsche Bank AG London and J.P. Morgan Securities Limited (International Placement Agents) in connection with the establishment and placement of a US$350,000,000.00 Global Depositary Receipts (GDR) facility for a sugar refinery company in Nigeria.

MERGERS & ACQUISITIONS/CORPORATE RESTRUCTURINGS:

• Advised on the demutualisation and restructuring of The Nigerian Stock Exchange into Nigerian Exchange Group Plc, a non-operating holding company.
• Advised Access Bank Plc, one of Africa’s largest retail banks, on its restructuring into a non-operating financial holding company through a Scheme of Arrangement.
• Advised Access Bank Plc on its merger with Diamond Bank Plc, a transaction that produced the largest retail bank in Nigeria.
• Advised Skyway Aviation Handling Company on its merger with Skypower Aviation Handling Company as well as its subsequent IPO and Listing on The Nigerian Stock Exchange.
• Advised ExxonMobil Oil Corporation in connection with the N90 Billion sale of its 60% equity stake in Mobil Oil Nigeria Plc, which was acquired by Nipco Investments Limited, a wholly-owned subsidiary of Nipco Plc.
• Advised Unilever Plc on the US$8.03 billion sale of its Nigerian spreads business to KKR & Co., as part of a worldwide divestment by Unilever.
• Advised a joint venture, comprised of Vitol S.A. and Helios Investors, in relation to its US$460 Million acquisition of the downstream businesses of Oando Plc, a leading Nigerian integrated energy company.
• Advised AXA, a global insurance and asset management group, in connection with its successful acquisition of 100% of Assur Africa Holdings which hold a 77% equity stake in Mansard Insurance Plc (“Mansard”) from Africinvest, DEG, ADP, FMO and Proparco for €198 Million (US$246 Million).
• Advised Access Bank Plc in connection with its N50 Billion (approximately US$300 Million) acquisition of a 75% equity stake in, and subsequent merger with, Intercontinental Bank Plc, a listed Nigerian bank. The transaction was awarded the 2012 M&A Deal of Year for Africa by the Banker Magazine.
• Advised Pearson Plc (publisher of The Financial Times), a major LSE listed company on its acquisition and subsequent divestment of a majority stake in a listed Nigerian company.
• Advised Unilever Overseas Holdings B.V., a majority shareholder in Unilever Nigeria Plc, in connection with its tender offer to minority shareholders of Unilever Nigeria Plc to acquire up to 944,465,532 ordinary shares of N0.50k in Unilever Nigeria Plc in order to increase its equity stake in the company.
• Advised on the Nigerian aspects of the €192 Million acquisition by GMG Global Limited (a Singapore listed company) of a 35% stake in Siat SA, a Belgian agro-industrial group.
• Advised NSIA Participations S.A. in respect of its approximately US$45 Million acquisition of approximately 96 per cent of the shareholding of the insurance subsidiary of Diamond Bank Plc, ADIC Insurance Limited.
• Advised Sanlam Developing Markets Limited, a South African based company in connection with its N700 Million acquisition of 35 per cent of the shareholding of FBN Life Assurance Limited, the life insurance subsidiary of First Bank of Nigeria Plc.
• Advised Mutual and Federal Insurance Company Limited, a major South African insurance company in connection with its acquisition of Oceanic Insurance Company Limited from Ecobank Limited.
• Advised on the Nigerian aspects of the US$925 million buyout of ABB’s Oil, Gas and Petrochemicals Upstream business.
• Advised on the US$128.5 Million global acquisition by Power Well Service Holdings LLC of a portion of Halliburton Inc’s surface well testing business.
• Advised on the Nigerian aspects of Johnson & Johnson’s global acquisition of Pfizer Consumer Healthcare.
• Advised on the Scheme of Merger between Access Bank Plc, Capital Bank International Plc and Marina International Bank Limited.
• Advised on the corporate restructuring of CFAO Nigeria Plc, a major company listed on the Nigerian Stock Exchange, culminating in the acquisition of the minority shareholding by the majority shareholder – CFAO France and the subsequent de-listing of CFAO Nigeria Plc from the Daily Official List of The Nigerian Stock Exchange.

POWER:

• Advised a major international electricity corporation on the development, financing, and implementation of the first private independent power production (“IPP”) project in Nigeria, involving the installation of 9 barge-mounted electricity generating units with a total nominal capacity of approximately 270 MW.
• Advised on the multi-million dollar financing of a 12.8 MW power plant to be constructed by Ewekoro Power Ltd (a subsidiary of Rolls Royce Power Ventures Ltd) at the Ewekoro Plant of West African Portland Cement Plc (a member of the Lafarge Group).
• Advised Globeleq in connection with its proposed acquisition of a majority stake in the Akwa Ibom IPP Project via an acquisition of up to 80% of the shares in the project company, Ibom Power Company from the sole shareholder, the Akwa Ibom Investment and Industrial Promotion Council.
• Advised the Korea Electric Power Corporation (KEPCO) in connection with its contract for the operation and maintenance of the Egbin Power Plant and repair of two 1,320MW boilers at the Egbin Power Plant.
• Advised an international investor in connection with its prospective acquisition of an equity interest in the Aba independent power production (IPP) project.
• Advised on the US$30 Million financing of a gas expansion infrastructure project and the construction of a 20 MW power plant for a publicly quoted Nigerian oil marketing company.

OTHER NOTABLE TRANSACTIONS:

• Advised the International Finance Corporation (IFC) and the Bureau of Public Enterprises (BPE) in connection with the granting of a concession for the management, operation, financing and development of the Nnamdi Azikwe International Airport, Abuja (“Abuja Airport”) as a pilot for the concessioning of other airports in Nigeria as part of a Public Private Partnership programme.
• Advised the International Finance Corporation (IFC) in connection with the proposed privatisation of Nigeria’s largest state-owned water corporation.
• Advised the Korea National Oil Corporation in connection with the acquisition of two deep-sea oil blocks in Nigeria and the establishment of Nigerian subsidiaries.
• Advised a South African company in connection with the first dual listing of the shares of foreign companies (M-Net/SuperSport) on The Nigerian Stock Exchange.