PRIVATE EQUITY PRACTICE ALGERIA BOTSWANA ETHIOPIA GUINEA KENYA MADAGASCAR MALAWI MAURITIUS MOROCCO MOZAMBIQUE NIGERIA RWANDA SUDAN TANZANIA UGANDA ZAMBIA REGIONAL OFFICE UAE ALN’S PRIVATE EQUITY PRACTICE ALN has a presence in sixteen African countries. Our local knowledge allows us to advise on the Our firms work together providing a one-stop- concerns that fund managers and investment shop solution for clients doing business across committees have when investing in Africa, Africa. including: ALN member firms have established private ▶ environment, social and governance equity teams that have worked together for many considerations and business integrity years on landmark private equity transactions ▶ political risk across Africa. Our geographical footprint and seamless collaboration place us in an excellent ▶ investment policies position to assist private equity funds navigate ▶ deal and tax structures the complexities of investing in African corporates ▶ fund flows which often have operations spread out across the continent. We have adopted a standardised ▶ currency risks approach to our working practices, including ▶ exit routes cross-border due diligences, to ensure that we provide consistent and first class service to our clients. We act for a wide range of local, pan-African and international funds as well as development institutions on their direct investments and consortium deals. We handle the full legal scope of private equity investments, including advising private equity firms on how to structure new funds, assisting clients throughout the fund-raising process, advising during the purchase and exit of investments (including secondary transactions), providing tax advice, coordinating legal due diligences, dealing with the appropriate regulatory approvals, and advising on the competition aspects of any transaction at national, regional and COMESA levels. ALN firms routinely project-manage cross border investments regionally and across the continent. ALN - PRIVATE EQUITY 1 ABOUT ALN ALN is an alliance of leading corporate law firms Chambers Global has consistently ranked the currently in sixteen key African jurisdictions, ALN alliance as Band 1 in the “Leading Regional including the continent’s gateway economies. Law Firm Networks – Africa-wide” category. We have a presence in Francophone, Anglophone, Lusophone and Arabic-speaking For more information on ALN, please visit Africa: Algeria, Botswana, Ethiopia, Guinea, www.africalegalnetwork.com. Kenya, Madagascar, Malawi, Mauritius, Morocco, Mozambique, Nigeria, Rwanda, Sudan, Tanzania, Uganda and Zambia. The firms are recognised as leading firms in their markets and many have advised on ground breaking, first-of-a-kind deals. ALN also has a regional office in Dubai, UAE. ALN firms work together in providing a one- stop-shop solution for clients doing business across Africa. ALN’s reach at the local, regional and international levels, connectivity with key stakeholders, and deep knowledge of doing business locally and across borders allows it to provide seamless and effective legal, advisory and transactional services across the continent. Our high level of integration is achieved by adherence to shared values and an emphasis on excellence and collaboration. We share sector-specific skills and regional expertise thus ensuring our clients benefit from the synergies of the alliance. ALN is proud to have won the “Africa Network/ Alliance of the Year” award at the 2018 African Legal Awards hosted by Legal Week, which recognises its leadership in the market in legal expertise and innovation, strategic vision, business winning, service delivery across the continent and commitment to CSR. ALN - PRIVATE EQUITY 2 REPRESENTATIVE DEALS Algeria ▶ Acting for The Carlyle Group, CVC Capital prominent branded generic pharmaceuticals Partners and a group of co-investors on the business, in Algeria and Tunisia. acquisition of a majority shareholding in ENGIE E&P International for USD 3.9 billion ▶ Acting for Emerging Capital Partners on the from France’s ENGIE Group. acquisition of an important participation in Atlas Bottling Corporation, PepsiCola’s ▶ Acting for Actis in connection with its exclusive bottler in Algeria. significant investment in Medis Group, a Ethiopia ▶ Acting for Schulze Global Investment on its recent acquisition of an Addis Pharmaceutical various investments in Ethiopia. Factory. ▶ Acting for Capital 54 in connection with a ▶ Acting for Veris investments on its acquisition number of acquisition deals including its most of Holland Dairy. Guinea ▶ Acting for Endeavor Energy and its Guinean on their USD 90 million and USD 80 million affiliate Tè Power SASU (backed by global financing of the exploitation of a bauxite private equity firm Denham Capital) on its mine in Guinea. development and project financing and providing sponsor assistance in the context ▶ Acting for Pala Investments on its USD 10 of a USD 121 million financing by institutional million financing of the exploitation of a lenders (the first project finance IPP of the bauxite mine in Guinea. country). ▶ Acting for Swiss Re in connection with its ▶ Acting for OMF Fund II, AFC Equity acquisition of shares in the banking and Investments and Resource Capital Fund VI insurance sectors in Guinea. ALN - PRIVATE EQUITY 3 REPRESENTATIVE DEALS Kenya ▶ Acting for CDC Group on its USD 140 million ▶ Acting for Catalyst Principal Partners equity investment for 40.65% of the issued in connection with its debt and equity share capital in ARM Cement, East Africa’s investment in the Kensta Group, a printing second biggest cement producer with and digital telecommunications business operations in Kenya, Tanzania and South operating in Eastern and Southern Africa. Africa and listed on the Nairobi Securities Exchange. ▶ Acting for Energy Access Ventures and Blue Haven Alternatives as lead investors, who ▶ Acting for Helios Investment Partners on invested USD 7.5 million in a Series A round the disposal of its stake of 24.99% of its into PEGAfrica, the leading off-grid solar pay- shareholding in Equity Group Holdings, a as-you-go company operating in Ghana. company listed on the Nairobi Securities Exchange, the Uganda Stock Exchange and ▶ Acting for Catalyst Principal Partners in the Rwanda Stock Exchange. connection with their set-up of and fund raising for Catalyst Fund II which achieved a ▶ Acting for Helios Investment Partners in first close of USD 103 million in commitments connection with the acquisition of 70% and targeting USD 175 million of total of the share capital of Telkom Kenya from commitments. France Telecom and in connection with the acquisition of a shareholder loan from France ▶ Acting for Kuramo Capital Management in Telecom. connection with its investment for 24.99% of the shares in Trans-century, a company listed ▶ Acting for a consortium of investors on the Nairobi Securities Exchange. comprising Africinvest Capital Partners, DEG, FMO and Proparco in connection with ▶ Acting for Emerging Capital Partners and its an equity investment of approximately USD educational holding company, Maarifa Edu, on 50 million in Britam Holdings, a Kenyan its purchase of a 75% stake in KCA University listed insurance and asset management (KCA), a leading Kenyan university, as well as group with operations in Kenya, Tanzania, on its establishment of a joint venture with Uganda, Rwanda, Malawi, South Sudan and KCA and the Institute of Certified Public Mozambique. Accountants Kenya. ▶ Acting for Emerging Capital Partners in ▶ Acting for Catalyst Principal Partners in connection with the sale of its stake in Java relation to its investment in Jamii Bora Bank, House, East Africa’s leading coffee-led casual the fastest growing bank in Kenya focused on dining chain, to Abraaj Group. enterprise banking. ▶ Acting for Amethis Africa Finance and Metier ▶ Acting for Ascent Capital in connection with Investments Advisory on their acquisition of its initial and follow on acquisition of shares shares in Kenafric Development. in Kisumu Concrete Products, a company involved in the extraction and manufacture ▶ Acting for Actis on its 36% equity investment of concrete products. in AutoXpress Group, a leading East African tyre wholesaler and retailer. ALN - PRIVATE EQUITY 4 REPRESENTATIVE DEALS ▶ Acting for Asia Africa Investment and ▶ Acting as lead counsel for Energy Access Consulting, a Singapore-based fund services Ventures in its first investment from its provider, in connection with its investment newly raised fund in Off-Grid Electric based through its fund, Africa Healthcare Master in Tanzania. Fund in Seven Seas Technologies, a leading technology company in East Africa, through ▶ Acting for Energy Access Ventures and STAK a share subscription transaction. Pymwymic in connection with an equity investment in Enterprise Projects Ventures ▶ Acting for Frontier Energy, a leading investor which provides turn-key refrigerated cold- in the African renewable energy market, storage solutions to enable small and growing in connection with the restructuring of its agribusinesses to access energy-efficient funds. food processing technology in East Africa. Mauritius ▶ Acting for LeapFrog Financial Inclusion Fund ▶ Acting for MCB Capital Markets in connection II on the USD 400 million social impact PE with its acquisition of the entire shareholding fund. held by Club Med S.A.S in Compagnie Des Villages De Vacances De L’isle De France, ▶ Acting for Berkeley Energy in the setting a company listed on the Stock Exchange of up and first closing