The firm’s Private Equity team has developed significant expertise in private equity fund structuring and investment transactions, dating back to our work with some of the earliest domestic and foreign pioneers in this sector in Nigeria during the 1990s.
In addition to providing full transactional support, the firm currently advises on issues including the formation and establishment of funds; the development of tax-efficient investment structures; the tax liability of funds under Nigerian law; the corporate, regulatory and licensing issues relevant to funds investing and operating in Nigeria or dealing with Nigerians; the representation of investors in the purchase and sales of portfolio assets; and the provision of representation and support in dispute resolution involving the interests of fund managers in Nigeria. The team’s clients include top tier global, regional and local private equity funds and fund managers; institutional investors; financial organisations; international development institutions; banks; SMS fund managers, consortia of all of the above; and companies seeking private equity or venture capital.
The members of the team bring a dynamic range of experience from our commercial, financing, corporate advisory and restructuring, and tax practice areas to bear in our work for private equity clients. They have written extensively on regulatory issues, investments and the regulation of private equity for publications such as the IFLR, the Asset Management Law Review and the Emerging Markets Private Equity Association (EMPEA) newsletter, among others.
As part of our regulatory advocacy work, the firm is an inaugural member of the Private Equity and Venture Capital Association of Nigeria (PEVCA), and is represented on the legal and regulatory councils of the Emerging Markets Private Equity Association (EMPEA) and the African Venture Capital Association (AVCA). Members of our team have also chaired and coordinated key initiatives in the private equity space. For example, our team is represented on the legal and regulatory sub-committee of the Nigerian Private Equity and Venture Capital Development Committee that was established by Nigeria’s Federal Minister of Industry, Trade and Investment. This Committee is tasked with evaluating and generating recommendations, along with tax, social policy and economic experts, to create an optimal environment for private equity and venture capital investment in Nigeria.
The private equity team and its partners have been recognised and commended by Chambers Global, the IFLR1000, the Legal 500, Who’s Who Legal and The Lawyer’s 2015 Africa Elite Private Equity Report.