Konyin Ajayi

Olaniwun Ajayi - Nigeria

Position:

Partner

Address:

Lagos
Nigeria

Tel:

+234 1 270 2551 Ext 2901

Email:

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Rating:

Highly regarded

Bar admissions:

England & Wales
Nigeria

Jurisdictions:

Practice areas:

Banking
Capital markets : Debt
Capital markets : Equity
M&A
Project development
Project finance

Industry sectors:

Banking
Energy
Financial services
Oil and gas

Recent transactional highlights

Advised on Airtel Africa Plc’s on its US$750 Million dual listing in the United Kingdom and Nigeria, a deal which is the first ever offer and inward listing on the Nigerian Stock Exchange (NSE).
Advised Seplat Petroleum Development Company Plc. on its £382 million 100% acquisition of the equity of Eland Oil and Gas Plc., a Scottish company, which holds a 45 percent interest in OML 40 through its joint venture company, Elcrest Exploration and Production Nigeria Limited.
Advised Transcorp on its $292.5million acquisition of 100% of the Federal Government of Nigeria (FGN)’s stake in the Afam power assets, following Transcorp’s emergence as a preferred bidder in the competitive bidding process conducted by the Bureau of public Enterprise.
Advised the African Finance Corporation (AFC) on its NGN121.4 billion facility to Emerging Markets Telecommunications Services Limited (Etisalat Nigeria, now 9Mobile).
Advised the Dealer Managers with respect to the cash repurchase of the USD500,000,000 7.375% notes (due 2022) (Regulation S: Common Code: 161983977, ISIN: XS1619839779; Rule 144A: Common Code: 161984078, ISIN: US98935LAB36, CUSIP: 98935LAB3) issued by Zenith Bank Plc. of which USD500,000,000 were outstanding; the deal was valued at USD500bn.
Advised the Sellers on their $177.65million divestment of their shares in Forte Oil Plc. (the Company), constituting 74.02% of the Company’s issued share capital.
Advising the Lagos State Government in connection with the $2.25billion proposed design, development, concession, financing, commissioning, operation, and management of the 38-kilometre Fourth Mainland bridge (4MB) under a design, build, operate and transfer model using a private public partnership (PPP) arrangement.
Advised the Tolaram Group (the Sponsors) on the $629million construction, and development of the Lekki Port under a 45-year concession by Nigerian Ports Authority on a Build, Own, Operate and Transfer (BOOT) basis.
Advised Evercare Group, the largest healthcare fund on the $600million development of two hospital projects in Lagos, Nigeria.
Advised on the merger of Cement Company of Northern Nigeria (CCNN) and BUA Cement Plc (BUA) - with a market cap of $3.3B (NGN1.18TRN) - and the listing of BUA Cement Plc on the Nigerian Stock Exchange.
Advised the Sponsors, AFC (Africa Finance Corporation) in connection with the proposed concession, development, financing, construction, operations, and maintenance of a thirty-kilometre (30Km) light rail, spanning from Marina to Agbado, using a public private partnership (PPP) model with the Lagos State Government (LASG).

Practice areas

Asset finance
Banking
Capital markets: Debt
Capital markets: Equity
Financial services regulatory
M&A
Project finance
Restructuring and insolvency
Securitisation
Structured finance/securitisation
Trade finance

Sector specialisations

Banking
Construction and materials
Consumer goods and services
Energy
Financial services
Government and public policy
Healthcare
Insurance
Investment management
Media
Natural resources
Oil and gas
Real estate
Social infrastructure
Tech and telecoms

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