OFFICE DESCRIPTION

MAURITIUS ABOUT APPLEBY

APPLEBY IS ONE OF THE WORLD’S LEADING INTERNATIONAL LAW FIRMS. OUR GLOBAL TEAMS OF LEGAL SPECIALISTS ADVISE PUBLIC AND PRIVATE COMPANIES, FINANCIAL INSTITUTIONS AND PRIVATE INDIVIDUALS. “Appleby is a firm that you can put your We are regularly recognised for our professionalism, integrity and excellence, complete trust in to and these are the values we pride ourselves on and are at the core of our find a solution” business. - Legal 500 We are a full service law firm providing comprehensive, expert advice and services across Corporate, Dispute Resolution, Property, Regulatory and Private Client and Trusts practice areas. We work with our clients to achieve practical solutions whether from a single location or across multiple jurisdictions.

Through Appleby Global Services, Appleby provides a range of administration, reporting and fiduciary services focused on corporate structures. Our dedicated teams of experienced professionals work closely with our legal specialists to provide our clients with an integrated legal and corporate administration offering.

We have offices in ten highly regarded, well-regulated global locations, operating in nine and practicing the laws of eight jurisdictions. Our office locations include the key international jurisdictions of , the , the , , , , , and the , as well as the international financial centres of Hong Kong and Shanghai.

Our global presence enables us to provide comprehensive, multi-jurisdictional legal advice at the times most beneficial to our clients.

2 Mauritius Office Description OVERVIEW

APPLEBY MAURITIUS

APPLEBY WAS THE FIRST GLOBAL, OFFSHORE LAW FIRM TO PROVIDE LEGAL SERVICES FROM THE REPUBLIC OF MAURITIUS.

We focus on investments into emerging African, Indian and Asian markets through general corporate and dispute resolution work for our international clients. “A respected firm with an unparalleled Our clients are diverse, ranging from banks and state owned enterprises, to global network” investment funds, listed companies and high-net-worth individuals. They come to us for expert advice that is delivered in a timely and commercially minded way, and is always set in the context of understanding how to do business in - Chambers & Partners India, Asia, or Africa.

Our legal practices have consistently earned top-tier ranking in leading publications such as Chambers Global, Legal 500 and IFLR 1000.

Our unparalleled offshore presence means that clients do not have to manage a large group of advisors for complex, multi-jurisdictional matters and projects. In addition our relationships with leading onshore firms are unrivaled and ensure clients receive a cohesive and joined-up approach to both the offshore and onshore elements of their matters.

Our lawyers in Mauritius are fluent in English and French.

3 Mauritius Office Description applebyglobal.com LEGAL SERVICES

Our lawyers advise on all aspects of Mauritius law. This includes the establishment of investment funds, special purpose vehicles and structured finance, insurance companies and insurance products, securitisation, financing transactions and public and private holding companies. Our team can also facilitate the provision of legal advice in Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, the Isle of Man, Jersey and the Seychelles. “Our clients are Our areas of practice include: diverse, ranging from banks and state • Arbitration & Alternative Dispute Resolution owned enterprises to investment funds, • Banking & Asset Finance listed companies and high net worth • Corporate Finance individuals.”

• Dispute Resolution

• Employment

• Fraud & Asset Tracing

• Funds Disputes

• Funds & Investment Services

• Insolvency & Restructuring

• Insurance

• Insurance & Reinsurance Dispute Resolution

• Intellectual Property

• Islamic Finance

• Private Client & Trusts

• Commercial Property

• Structured Finance

• Trust & Disputes

• Regulatory Advice

4 Mauritius Office Description applebyglobal.com REPRESENTATIVE WORK

JP MORGAN MORGAN STANLEY ROYAL DUTCH SHELL PLC

Acted as Mauritius counsel to JP Morgan Acted as Mauritius counsel to a Acted as Mauritius counsel to Royal in connection with credit financing to consortium led by Morgan Stanley in Dutch Shell Plc in connection with Bain Capital Partners for the acquisition connection with the acquisition of a the sale of its downstream African of computer services company, Genpact 44% stake in the power generation and businesses, valued at US$1bn, as part Limited (NYSE: G), from General Atlantic engineering services firm, Asian Genco, of a programme of sales of its non-core and Oak Hill Capital Partners, for for US$425m. operations. approximately US$1bn.

EMERGING AFRICA CONSORTIUM OF BANKS O3B NETWORKS INFRASTRUCTURE FUND

Acted as Mauritius counsel to a Acted as Mauritius counsel for O3b Acted as Mauritius counsel to the consortium of banks in connection Networks in connection with its Emerging Africa Infrastructure Fund with a US$600m loan to Indonesian US$1.2bn financing of a series of in connection with a $35m loan to miner PT Bumi Resources Tbk, for the satellites to create a global internet Industrial Promotion Services (Kenya) pre-payment of part of its US$1.9bn six backbone and support super fast Ltd (IPS), enabling IPS to transfer its year loan from the leading sovereign broadband connections to service equity investment in the US$600m Chinese wealth fund, China Investment customers across 150 countries Seacom project, the first undersea fibre Corporation. including Africa and other emerging optic cable project along the east coast markets. of Africa.

RENASCER LTD. ASPEN GLOBAL ECOBANK CAPITAL

Acted as Mauritius counsel to Renascer Acted as Mauritius counsel for South Acted as Mauritius counsel to Ecobank Ltd. (Renascer), a Mauritius incorporated Africa’s leading pharmaceutical Capital in connection with a US$202m special purpose vehicle owned by the company, Aspen Global, in connection syndicated credit facility to IHS Republic of Mozambique, in connection with its acquisition of Australia’s Sigma Holding Limited (IHS), Africa’s largest with the refinancing of a US$800m loan, Pharmaceuticals Limited (listed on the independent mobile infrastructure arranged to restructure Hidroeléctrica Australian stock exchange) provider, to finance IHS’s acquisition de Cahora Bassa S.A.R.L., whereby for US$900m. of MTN Group Limited’s 1,757 mobile Renascer acquired further shares in network towers in Cameroon Hidroeléctrica de Cahora Bassa S.A.R.L. and Côte d’Ivoire. from the Government of Portugal.

5 Mauritius Office Description applebyglobal.com REPRESENTATIVE WORK

AFRICAN EQUITY PARTNER PACIFIC CENTURY GROUP RIO TINTO LIMITED 1 LIMITED

Acted as Mauritius counsel to Pacific Acted as Mauritius counsel to Rio Acted as Mauritius counsel in connection Century Group in connection with Tinto Limited in connection with with the establishment, registration its acquisition of AIG’s investment the acquisition of Riversdale Mining and launch of African Equity Partner management business (spanning 32 Limited (a coal mining company listed 1 Limited, a US$500m private equity countries and managing approximately on the Australian Stock Exchange and fund. The fund makes material US$88.7bn of investments of operating in Africa), and some of its unlisted equity and equity-related institutional and retail clients) for subsidiaries. investments principally in established, US$500m. stable companies with strong growth prospects in Southern Africa, with an emphasis on South Africa.

SODEXO SA AMERICAN INTERNATIONAL LEHMAN BROTHERS GROUP INC. OPPORTUNITY LIMITED

Acted as Mauritius counsel for Sodexo Advised American International Group Advised Lehman Brothers Opportunity SA in relation to the purchase of Inc. (AIG) in connection with the broad Limited, in relation to applicable Indian-based Radhakrishna Hospitality set of actions, taken in cooperation with insolvency proceedings (both Services Group, which services a the U.S. Department of the Treasury involuntary and voluntary winding- prestigious client base in 22 states and and the Federal Reserve Bank of New up) and directors’ duties advice under employs 20,000 people in more than York (FRBNY), with respect to the Mauritius law, following a US$400m 1,000 sites across India. US government US$80 to US$85bn creditor action initiated in the United investments in AIG through FRBNY. Kingdom.

BNP PARIBAS INTERNATIONAL JP MORGAN CAZENOVE AG

Acted as Mauritius counsel to BNP Acted as Mauritius counsel to Glencore Mauritius counsel to JP Morgan Paribas in connection with a US$155m International Ag with respect to the Cazenove (the Sponsor) on Heritage Oil Credit Facility to Puma Energy establishment of a joint venture between Plc and Heritage Energy Middle East Southern Africa Holdings LLC, as part AIM-listed Masawara Plc and Alveir Limited’s acquisition of a 26% interest in of its US$296m acquisition of BP’s Management Ltd, in connection with the production sharing contract for the downstream oil businesses in South and Masawara Plc’s acquisition of BP & Shell Miran Block in Iraq, and a corresponding East Africa. Marketing Services Zimbabwe. interest in the related joint operating agreement to Genel Energy plc (Genel) for cash consideration of US$156m and receipt of a US$294m exchangeable loan from Genel.

6 Mauritius Office Description applebyglobal.com REPRESENTATIVE WORK

INTELSAT CORPORATION - STANBIC IBTC BANK PLC - NEW DAWN DISTRIBUTION/ STANDARD BANK OF SOUTH SATELLITE RASCOMSTAR-QAF AFRICA

Acted as Mauritius counsel for Intelsat Acted as Mauritius counsel to the Acted as Mauritius counsel to Stanbic Corporation, New Dawn Distribution RascomStar-QAF, the Pan-African IBTC Bank Plc and Standard Bank Company Limited and New Dawn satellite operator with respect to a of South Africa in connection with Satellite Company Limited in connection US$111m facility for the financing a US$48.6m debt facility to Gruppo with a US$215m telecommunications and launch of a second satellite for Investments Nigeria Limited/Actis for satellite financing dedicated to supplying the African region. The financing was the development of the Ikeja Mall in telecommunications services to Africa. composed of a consortium of banks Lagos. including the African Development Bank.

BORNEO INVESTMENT HINDUJA GLOBAL GROUP INC. SPIRAX B.V SOLUTIONS INC. AXIS BANK

Acted as Mauritius counsel to Borneo Advised Hinduja Global Solutions Inc. in Acted as the Mauritius (and Isle of Investment Group Inc. and Spirax B.V in connection with infusion of equity/debt Man counsel) to Axis Bank, Hong Kong connection with the sale of 100% of the into 101477 P.E.I. Inc for the acquisition Branch in connection with a US$50m shares in their Mauritian incorporated of shares in On-Line Support Inc for Letter of Credit Facility Agreement subsidiaries (who, in turn, hold quotas in CAD75m. to the AIM-listed KSK Power Ventur Minas Moatize Limitada, a Mozambique Plc (KSKPV). KSKPV, through its BSE mining company) to BHR Mining Limited. & NSE-listed Indian subsidiary, KSK Energy Ventures Limited, operates a power project development company in India, with interests in multiple power plants across India.

STANDARD BANK PLC - STANDARD CHARTERED BANK

Acted as Mauritius counsel to Standard Bank Plc and Standard Chartered Bank on a US$40m loan Helios Towers Ghana Limited (HTG), to fund the improvement of mobile telecom towers owned by HTG and the acquisition of new tower sites. HTG is a direct subsidiary of Helios Towers Africa, Ltd. and has agreed to acquire approximately 750 towers from Millicom Ghana Company Limited.

7 Mauritius Office Description applebyglobal.com KEY CONTACTS

MALCOLM MOLLER Group Managing Partner Managing Partner YAHIA NAZROO Corporate Partner +230 203 4300 Dispute Resolution +248 429 5281 +230 203 4313 [email protected] [email protected]

SHARMILLA BHIMA DUSHYANT RAMDHUR Partner Partner Corporate Dispute Resolution +230 203 4323 +230 405 4378 [email protected] [email protected]

8 Mauritius Office Description applebyglobal.com 7th Floor, Happy World House 37, Sir William Newton Street Port Louis 11328 Mauritius

T: +230 203 4300 E: [email protected]

This publication is for general guidance only and does not constitute definitive advice.

© Appleby Global Group Services Limited 2020.

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