Month: December 2018

Sefton Fross acts as Joint Legal Adviser to the Debt Management Office on the N100,000,000,000 Federal Government of Nigeria Sukuk II Issuance

Sefton Fross has once again acted as Joint Legal Adviser to the Debt Management Office (DMO) on the Federal Government of Nigeria (FGN) N100,000,000,000.00 (One Hundred Billion Naira) Sovereign Non-Interest Financing instruments (Sukuk) issuance in the domestic capital markets, following the success of the first FGN Sukuk Bond issuance in 2017. The issuance of the Sukuk is …

Sefton Fross acts as Joint Legal Adviser to the Debt Management Office on the N100,000,000,000 Federal Government of Nigeria Sukuk II Issuance Read More »

Sefton Fross advises TLG Credit Opportunities Fund’s (Cayman) on the US$10 million Structured Credit Deal with Atlas Mara Limited

Sefton Fross has advised as Nigerian legal counsel to TLG Credit Opportunities Fund (TLG), an open-ended investment vehicle, on its US$10Million structured credit deal with Atlas Mara Ltd, a Pan African financial services company. The new capital is for general corporate purposes and for further investments in Atlas Mara Digital (Fin-Tech), Atlas Mara Global Markets and …

Sefton Fross advises TLG Credit Opportunities Fund’s (Cayman) on the US$10 million Structured Credit Deal with Atlas Mara Limited Read More »

Sefton Fross has advised Ignite Investments and Commodities Limited on its Proposed Acquisition of 75% Shares from the Majority Shareholder in Forte Oil Plc. Downstream Business

Sefton Fross has advised Prudent Energy and Services Limited, investing through Ignite Investments and Commodities Limited, on its agreement with Mr. Femi Otedola (CON), the Majority Shareholder in Forte Oil PLC, to acquire the 75% direct and indirect holdings of the Majority Shareholder the in Forte Oil’s downstream businesses. The Transaction is expected to close in …

Sefton Fross has advised Ignite Investments and Commodities Limited on its Proposed Acquisition of 75% Shares from the Majority Shareholder in Forte Oil Plc. Downstream Business Read More »

Sefton Fross advises on Fidelity Bank Plc’s NGN30 billion Bond Issuance

Sefton Fross advised on the N30 Billion 16.48% Fixed Rate Subordinated Unsecured Bond issued by Fidelity Bank Plc., a commercial bank in Nigeria. The Bond, due 2022 constitutes Tier 2 capital of the Bank and would be used to finance Small and Medium Enterprises and boost the bank’s retail infrastructure. Sefton Fross acted as Solicitors to …

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Sefton Fross advises Mobile Media Info Tech Limited (MMIT) on its innovative Mobile Money E-commerce Payment Platforms

Sefton Fross advised MMIT, a mobile money processing company on its innovative mobile money e-commerce payment platforms. The Firm assisted MMIT in putting together its legal documentation for the collaboration with Firstmonie, and other merchant and payment aggregators to deploy MMIT’s mobile payment platform which enables users to shop online through their mobile money wallets and …

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Sefton Fross advises Gemrock Management Company Limited on its Strategic Acquisition in Standard Alliance Insurance Plc.

Sefton Fross has advised Gemrock Management Limited (“Gemrock”) on its strategic acquisition of a controlling interest in Standard Alliance Insurance Plc (“Standard Alliance”); a company listed on the Nigerian Stock Exchange (“NSE”) and one of the leading insurance companies in Nigeria. The Sefton Fross team was led by Olayemi Anyanechi, assisted by Peter Achunine Chester Odagwe, Olufunmilola …

Sefton Fross advises Gemrock Management Company Limited on its Strategic Acquisition in Standard Alliance Insurance Plc. Read More »

Sefton Fross advises TLG Credit Opportunities Fund’s (Cayman) on its Two Year US$10 million Structured Credit Deal with Atlas Mara Limited

Sefton Fross advised TLG Credit Opportunities Fund (TLG), an open-ended investment vehicle, on its two years structured credit deal with Atlas Mara Ltd, a Pan African financial services company. With Union Bank being Atlas Mara’s largest asset, this deal presents TLG with opportunities to benefit from the rising credit growth and consumer activity in the country.The …

Sefton Fross advises TLG Credit Opportunities Fund’s (Cayman) on its Two Year US$10 million Structured Credit Deal with Atlas Mara Limited Read More »

Sefton Fross awarded Business Day’s Top 100 Fastest Growing SMEs in Nigeria

The newspaper praised the firm for demonstrating “business excellence”, “a high level of innovation” as well as for its “direct positive impact on its community.” Sefton Fross is a leading full-service law firm in Nigeria, providing services to diverse clients, ranging from banks and other financial institutions, local and multinational conglomerates and investors, government, and …

Sefton Fross awarded Business Day’s Top 100 Fastest Growing SMEs in Nigeria Read More »

Sefton Fross advises TLG Capital Investments Limited on Their US$11.5 million Investment in Grace Lake Partners

Sefton Fross advises TLG Capital Investments Limited on Their US$11.5 million Investment in Grace Lake Partners. Sefton Fross has advisedTLG Credit Opportunities Fund (Cayman) – an open-ended debt vehicle, on its US$11.5Million (Eleven Million Five Hundred Thousand Dollars) investment in Grace Lake Partners, a Nigerian marketing communication, investment and advisory services provider. The new capital will …

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