1. Finance and Projects (Power, Energy and Natural Resources)
2. Mergers and Acquisition (Energy)
3. Mergers and Acquisition
- Bola Tinubu
- Samuel Salako
4. Infrastructure/Telecommunications
- Tunde Oyewole
- Solape Peters
5. Corporate Commercial
- Bola Tinubu
- Samuel Salako
6. Real Estat
7. Technology, Media, and Entertainment
8. Litigation and Arbitration
Recent transactional highlights:
1. Banking & Finance
- USD$461 million Oando – Vitol/Helios downstream divestment;
- Adviser to a multinational real-estate company on a USD4 million facility for the construction of affordable housing units in Nigeria;
- USD$3 billion FPSO EPC Project by Samsung Heavy Industries;
- Adviser to a syndicate of Chinese lenders, export credit banks, and development banks on a USD$2.2 billion-dollar debt investment for developing, constructing, maintaining, and operating pipeline project;
- USD$1.79 billion acquisition of ConocoPhillips Nigerian assets by Oando Energy Resources Inc.;
- Adviser to First Modular Gas Systems Limited on a $5 billion equity and debt investment for developing, maintaining, and operating a gas processing plant in South-Eastern Nigeria;
- USD$450 Million Reserve Based Lending for upstream oil and gas acquisition;
- USD$350 Million Corporate Facility for acquisition of oil and gas assets;
- Oando Plc NGN108 billion Syndicated Medium Term Financing;
- Adviser to Finnfund and Norfund (DFIs) in respect of cross border financing of solar panel/off-grid power solutions to Starsight Power;
- Adviser to Txtlight Power Solutions Limited/Lumos on its USD$15 million OPIC financing for development and sale of rooftop solar kits;
- SHI-MCI FZE Financing and Development of a US$270 Million development of a Fabrication & Integration and deep draught quay wall at the LADOL Free Zone;
- Acquisition and Business Combination of 2 major oil companies – USD$500 million;
- Acquisition of a major oil and gas company and its related assets USD$2 billion;
- Financing package for acquisition of oil fields – US$525 million;
- NGN60 billion (US$400 million) syndicated medium-term financing for an oil and gas company;
- Establishment of a mass rail transport system in Lagos State— ‘Blue Line’ US$900 million + N33 billion;
- Legal advisory to Mainstream -concessionaire of Kainji and Jebba Power Plant;
- Adviser to a Government SPV on the restructuring of a $40 million loan arrangement with the AfDB and a syndicate of local lenders;
- USD$400 million syndicated medium-term financing for an oil and gas company; and
- Establishment of a mass rail transport system in Lagos State— ‘Blue Line’ USD$900 million + NGN33 billion.
2. Infrastructure, Transportation, Telecommunications
- Joint legal counsel for the establishment and operation of a mass rail system of transportation in Lagos State— ‘Blue Line’ and ‘Red Line’ for Lagos State Lagos Metropolitan Area Transport Authority (LAMATA)/Lagos State Government – US$870 million;
- Legal adviser to Mainstream Energy Solutions Limited on the installation of turbines 1G3 and 1G4 and recovery of 1G9 Hydroelectric Turbine at Kainji Power Plant to a total of 300MW– € 80 million;
- Legal counsel for the Build, Operate and Own Agreement for the construction of a 50MW IPP (Independent Power Project) for Lagos State Water Corporation;
- Nigerian legal adviser to the project sponsor on a Port Expansion Project in Ghana – USD$400 million;
- Legal adviser on the $73Million IHS /Visafone tower sale and lease back transaction;
- Legal adviser on the acquisition of a 3G Telecoms Operator by Etisalat – USD$250 million;
- Legal adviser on Alheri Engineering/ Alheri Mobile Services Limited transfer of 2Ghz Spectrum License;
- Legal adviser to the project sponsor of a $300 million tower site development and financing transaction;
- Legal adviser to Mainstream Energy Solutions Limited on the refurbishment of 2G6 Hydroelectric Turbine at Jebba Power Plant – EUR€32 million;
- Legal adviser to the Lagos State Government, (‘Project Owner’) on an Electronic Tolling System (ETS) Operation and Maintenance (O & M) Concession;
- Legal adviser to Samsung Heavy Industries on a $3 Billion Floating Production Storage and Offloading (“FPSO”) EPC Project;
- Legal adviser to the concessionaire on the concession of a data network, data centre and digital infrastructure - US$400 million;
- Legal counsel and adviser to the sponsors Badagry Deep Sea Port Project (PPP Port Development); and
- Joint legal counsel in the matter of Econet Wireless Ltd v. Delta State Ministry of Finance Inc. and others where we represented the interest of Lagos State in Ibile Holdings.
3. Real Estate
- Structured finance for real estate development valued USD$125 million;
- Financing package for development of commercial real property valued at USD$170 million;
- Transaction solicitors in the acquisition of over 40 hectares of land at Eko Atlantic City, Lagos for the development of the proposed Eko Energy City valued at over USD$400 million;
- Advisers to the developer of one of the largest property developments in Nigeria covering 145 hectares for the acquisition, development, financing, construction of a residential estate valued at over $1 billion; and
- Successfully defending the corporate owner of approximately 1,500,000 square metres of prime property in Lagos State, valued at over $1 billion, against all
4. Corporate Services
- Advised Cappa & D’Alberto, a leading construction company with the reregistration from a public limited liability company to a private limited liability company;
- Advising an international client on regulatory compliance issues on taxation, import and export regulations, company statutory filings and reports, local authority byelaws;
- Advising a leading internet service and data provider in Nigeria in establishing governance frameworks in accordance with global standards and best practices;
- Acted as legal advisers to Pfizer, a leading multinational pharmaceutical corporation in relation to the proposed global divestment of an arm of its business;
- Advised the Receiver-Manager in the sale of the business assets of Nigerian-German Chemical PLC (In Receivership) following the enforcement of security by a syndicate of creditors (First Bank of Nigeria Limited, Guaranty Trust Bank Plc and Union Bank of Nigeria Plc) acting through FBN Quest Trustees Limited and security trustee;
- Advised General Electric, a multinational conglomerate on the reorganization of its transport, healthcare, and power business in Nigeria;
- Advised Africinvest Group in relation to the USD$25 million Series B Preference Stock Investment in 54 Gene Inc;
- Advised Nampak International Limited on the US$300 million acquisition of Alucan Packaging, an aluminium beverage can manufacturer based in Agbara, Nigeria; and
- Advised R-Jolad Hospital Nigeria Limited, a family-owned hospital business in the divestment of 80% of its shares to AfyA Care Nigeria Limited, a private equity investment company.
