Practice Areas:
Banking
Project finance
Capital markets : Debt
Capital markets : Equity
M&A
Energy and infrastructure
Project development
Jurisdictions:
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
Address:
Tel:+234 1 270 2551 Ext 2901
Email:Contact this practitioner
Website:https://www.olaniwunajayi.net/lawyer/konyin-ajayi/
Lagos
Nigeria