Financial Services - Africa

Nigeria – M&A Advisory

Advised a leading European Private Equity Fund on its acquisition of a minority stake in a large Nigerian bank.  The work included developing a 5-year financial projection for the bank to support the investment proposition

Zambia – Financial Restructuring

Prepared a detailed Financial Restructuring Proposal for CelPay Zambia, a provider of mobile payment solutions, on behalf of the company’s creditors and potential investors after its business became laden with debt

Sub-Saharan Africa – M&A Advisory

Advised a Gulf-based investor on formation of the first Shari’a-compliant banking network in Sub-Saharan Africa, starting with a de novo bank in Tanzania.  The role included attracting a strategic investor to support the proposition

Kenya – M&A Advisory

Advised Helios Investment Partners on its purchase of a 25% stake in Equity Bank through a USD 175mn primary share issue.  At the time, this deal represented the largest private equity investment in Kenya to date

Rwanda – Capital Restructuring

Advised RSwitch, the national electronic payments’ switch of Rwanda, on the preparation of a capital restructuring plan and long-term financial model for presentation to investors as part of a successful rights’ issue.

Nigeria – M&A Advisory

Advised a Sub-Saharan private equity fund on its investment in a leading Nigerian insurance company.  The work included drafting of the MOU and co-development with the target of a 5-year business plan and financial model

Africa – Commercial Due Diligence

Performed Commercial Due Diligence on a leading pan-African consumer finance group as part of a refinancing of the Group’s debt, including assessing growth prospects as the business rapidly expanded across borders

Sub-Saharan Africa – Transaction Support

Performed Financial and Commercial Due Diligence on an African financial group providing electronic payment services in Ghana, Kenya, Zambia and Zimbabwe on behalf of a leading European investment fund

Kenya – Due Diligence & Valuation

Performed a valuation of a local payments’ switch as part of a cross-border merger.  The work included developing long-term market assumptions for the Kenyan payments sector and modelling 5-year projections for the target

Uganda – Transaction Support

Advised Equity Bank on its acquisition of Uganda Microfinance Limited (UML), giving Equity an optimum entry into the Uganda market.  The work included a review of UML’s lending strategy and quality of its loan portfolio

Nigeria – Retail Strategy & Business Planning

Advised a leading Nigerian bank on a new retail strategy, business plan and financial model, integrating the retail strategy with existing corporate structures in order to create a consolidated strategy to attract investment

Rwanda – Electronic Payments’ Pricing

Advised the Government of Rwanda in negotiations between commercial banks over an agreement on an optimal pricing structure for electronic payments (ATM, POS) to enable faster roll-out of services across Rwanda