Sefton Fross has advised TLG Credit Opportunities Fund (Cayman) – an open-ended debt vehicle, and Stichting Medical Credit Fund, on its growth capital investment in Express Pharmacy, a Lagos-based mass market pharmacy retail chain.
The growth capital will be used to expand Express Pharmacy’s footprint across Lagos with the roll out of new pharmacies along busy commuter routes and in under-served communities across Lagos.
The Transaction furthers both Lenders’ continued commitment to healthcare across Sub Saharan Africa as well as validated their commitment to UN’s Sustainable Development Goals of ‘No Poverty’ ‘Good Health and Well Being’ and ‘Gender Equality’.
Sefton Fross’ advisory role on the transaction included conducting legal due diligence on Express Pharmacy and all affiliated companies of Express Pharmacy and (in conjunction with Anthem Advisory) preparation, negotiation of Transaction Documents and assistance in meeting all Conditions Precedent to drawdown.
Click here to read the press release.