Mergers, Acquisitions and Restructuring
At the heart of Udo Udoma & Belo-Osagie’s areas of specialisation is its market-leading Corporate Advisory Practice. The team advises on mergers, acquisitions, investments, corporate restructuring, general, corporate and commercial matters. The firm’s oldest and largest practice group, it continues to earn some of our most notable and recurring peer and client commendations, as evinced by international rankings and accolades over three decades.
The team has extensive domestic and cross-border transactional experience advising corporates, conglomerates, investors, joint venture partners, shareholders, boards of directors, financial institutions, regulators, and a host of other local, regional and international clients. The sectors that these clients operate in include oil and gas, banking, finance, telecommunications, fast-moving consumer goods, food, beverage, packaging, brewery, manufacturing health, logistics, insurance, infrastructure, retail, power and agriculture, among many others.
The team routinely advises on mergers, de-mergers, acquisitions, domestic and foreign investments, restructuring, commercial contracts, joint ventures and strategic alliances, equity and asset disposals, employment, foreign investment, due diligence and risk management, governance, including anti-trust, competition, business ethics and anti-corruption issues, and insolvency, among other matters.
Members of the team have been involved in advising the office of the Senate President on the legal and regulatory reforms required to enhance the business environment in Nigeria, including the review of the Nigerian Companies and Allied Matters Act.
News & Insights
“Best value for money law firm in Nigeria by a mile. You get world-class work done, on time without paying more than you would have if you had used other firms. Firm has a depth of partners across the African region that makes our acquisition easier. The quality of work from Udo Udoma has always been first class. The partners are extremely competent and customer service is great.” – IFLR1000, 2019/2020
“Udo Udoma & Belo-Osagie has proven to understand our need. In working on our legal matter, their lawyers have proven to be experts on the subject matter, the law and its application. Additionally, I am most impressed by the fact that they take feedback and criticism in good spirits and immediately make corrections in order to meet a client’s expectation.” – IFLR1000, 2019/2020
“I am very impressed by the law firm’s work. Their recommendations are thorough and when legal advice is sought, it is received timely.” – IFLR1000, 2020
“Excellent. Deeply professional.” – IFLR1000, 2020
“They are responsive, hardworking, practical and they know their market.” – IFLR1000, 2020
“They were extremely professional, provided us with a comprehensive checklist of all the items to be addressed and closely updating as to their findings.” – IFLR1000, 2020
“Very efficient and hardworking, very thorough and professional.”- IFLR1000, 2020
The team was proactive in anticipating problems and thorough in its review and analysis of situations.”- IFLR1000,2020/2021
“The UUBO team was always very responsive, professional, had good work ethic and insights into structuring M&A transaction under Nigerian jurisdiction and had a fast and efficient turnaround of transaction documentation. The team was proactive in reaching out to the target in the context of the legal due diligence.”- IFLR1000,2020/2021
“They are very responsive and accommodated our very tight timelines in ensuring we concluded the deal in record time.”- IFLR1000,2020/2021
“They are very knowledgeable, and their work product always demonstrates their high level of expertise.”- IFLR1000,2020/2021
“Pragmatic and practical, they brought an understanding of local dynamics to the transaction.”- IFLR1000,2020/2021
“The firm demonstrated good risk analysis, trend analysis, and understanding of best practices.”- IFLR1000,2020/2021
“Knowledgeable lawyers who are detail oriented.” IFLR1000,2020/2021
“The firm is like a repository of the evolution of Nigerian law and regulations, and this enables the firm to give accurate advice and this is particularly important because some regulatory requirements are not easily accessible in Nigeria. The partners are very experienced and provide practical advice, which is not only based on their interpretation of regulatory requirements ‘as is’ but based on their knowledge of the context in which the relevant regulations were promulgated.”- “IFLR1000,2020/2021
“They are very professional in my dealings with them. They have provided more value to my organization more than they were contracted to and were very flexible to work with.”- IFLR1000,2020/2021
“The firm provided very swift and relevant advice.”- IFLR1000,2020/2021
UUBO is pleased to have advised Tangerine Life Insurance Limited and ARM Life PLC on the merger of both companies. The merger is expected to improve the positioning of the Enlarged Tangerine Life Limited in the life insurance sector, creating a stronger player with a larger retail footprint and an increased underwriting capacity.
UUBO’s Mergers and Acquisitions and Private Equity team that advised on this deal was led by our Partner, Ozofu ‘Latunde Ogiemudia and included team members Amina Ibrahim, Faridah Orimobi, Tobechi Nwokocha, Chisom Okolie and Bolaji Odekunle with support from our litigation team members, Olukayode Dada, Chisom Ndubuisi and Titilola Olatunde-Fasogbon.
To learn more about UUBO’s Mergers and Acquisitions work, email email@example.com and visit uubo.org
UUBO team advises on proposed BAXI/Capricorn Digital limited buyout by MFS Africa
We are pleased to have advised Capricorn Digital Limited, one of Nigeria’s larger digital solution providers, on its proposed acquisition by MFS Africa Nigeria Holdings Limited, in one of Nigeria’s largest FinTech acquisition deals. The investment, which is subject to the approval of the Central Bank of Nigeria, will enable both MFS Africa and Baxi/Capricorn to scale their operations extensively and widen their presence in other African countries in line with their shared corporate values of innovation and technical excellence.
The multidisciplinary Nigerian transaction advisory team was led by UUBO M&A and Private Equity team partner, Folake Elias Adebowale, and included @iamujuude, @kelechi.ibe_ , @officially_bond, @dami.ady , @dpobuchi, @debbynotadowner and @iwuozo_k_godson, working with a cross-border group of advisers.
UUBO teams advises lead investor on Flutterwave series D funding round
We are pleased to have advised the lead investor, B Capital Global Growth Fund III, L.P on its participation in the US$250 million Series D Investment in Flutterwave, a leading technology company operating across Africa.
The UUBO transaction advisory team was led by our private equity and M&A team partner, Ozofu ‘Latunde Ogiemudia with support from Temiloluwa Okeowo (senior associate), Bond Eke-Opara, Etido David (both associates) and other members of our private equity, corporate, M&A and FinTech teams. The UUBO team worked with a cross-border group of advisers led by Goodwin Procter.
Flutterwave’s successful Series D fund raise follows its initial US$20 million Series A round of 2018, its US$35 million Series B round in 2019 and its US$170 million Series C round in 2021, and has resulted in a valuation of over US$3 billion making Flutterwave, currently, the highest valued African start-up.
Our transaction team was led by private equity partner, Folake Elias-Adebowale, with specialist input from #power and #finance team partners, Adeola Sunmola and Onyinye Okafor, and principal support from Tobechi Nwokocha, Godson Iwuozo and Aanu Odunaike.
For more information about UUBO’s #Private Equity, #M&A, #Energy, and other market-leading practice area offerings, please visit our website on www.uubo.org.
Udo Udoma & Belo-Osagie is pleased to have advised LeapFrog Investments on its strategic investment, with Tana Africa Capital, in Interswitch, one of Africa’s leading technology-driven companies focused on the digitisation of payments. The investment is expected to assist in supporting Interswitch’s drive to advance the payment ecosystem across Africa.
A portion of the investment has been acquired from existing shareholders, with Ignite Holdco Limited, made up of Helios Investment Partners and TA Associates, remaining the largest shareholder in the business following the transaction. More information about the transaction is available to read here:
Our transaction team was led by private equity and M&A team partner, Folake Elias-Adebowale, with principal support from associates Bond Eke-Okpara, Aanu Odunaike and Precious David and additional support from Babatunde Olayinka, Pamela Onah, Dami Adedoyin and Chigor Weli-Igwe.
For more information about UUBO’s Private Equity, M&A, Energy, and other market-leading practice area offerings, please visit our website at www.uubo.org.