IFLR AFRICA AWARDS 2020 – WINNERS ANNOUNCEMENT
Couto Graça e Associados recognised as top national firm in Mozambique at major awards
Leading firm take the top prize as the best firm in Mozambique for their work on transactions and restructuring at inaugural IFLR Awards for Sub Saharan Africa
Mozambique Firm of the Year: Couto Graça e Associados
James Wilson, commercial editor, IFLR, said of their success: “Couto Graça e Associados (CGA) impressed with the breadth of its innovative work.
One of its highlights was advising Moza Banco on its restructuring, following a bailout by the Bank of Mozambique, and subsequent acquisition of and merger with Banco Terra de Moçambique (BTM). The firm, led by Telmo Ferreira, acted as lead counsel to Moza Banco in the structuring and implementation of the transaction. The deal comprised three steps: an investment by fund management firm Arise into Moza Banco, Moza Banco’s acquisition of the entire capital stock of BTM, and BTM’s merger into Moza Banco. The combination of the three pieces into a single transaction was innovative, especially against the uncertain economic backdrop, and raised complex governance, competition and regulatory issues.
Another significant deal saw the firm, led by Pedro Couto, play a pivotal role on the financing of the 40MW Metoro photovoltaic power plant. The project develops the country’s renewables practice. It balanced the requirements of foreign developers and multilateral funding agencies and offered a bankable structure. The team’s scope was broad and included handling the debt and equity financing aspects, the PPA, government agreements, EPC contracts, and environmental licences.
Th firm’s work on the Metoro project reflects an innovative approach to power, with the team working on alternative industrial electricity supply options for Maputo Province.”
To see the full announcement for the awards please visit: https://vimeo.com/456553204
To see the full list of shortlisted please visit:
https://www.iflr.com/article/b1n0pjt4ms56x3/iflr-sub-saharan-africa-awards-2020-shortlist-revealed
to see the full list of winners please visit:
https://www.iflr.com/article/b1nb1q4vg4j0pf/iflr-sub-saharan-africa-awards-2020-winners-announced
Full a full explanation of the process and methodology please visit IFLR1000’s:
https://www.iflr.com/article/b1m3x358xzv4b3/iflr-sub-saharan-africa-awards-2020-open-for-entries