Phone +234 14622307-12; 2774921-2
AddressSt Nicholas House, (10th, 12th & 13th Floors), Catholic Mission Street, Lagos, Nigeria.
Bond Eke-Opara is an Associate and a member of the firm’s Corporate and Commercial team. Since joining the firm, he has been involved in a wide range of matters, including general corporate advisory, banking & finance, aviation and employment matters.
We are delighted to have advised on the Nigerian elements of Predictus SAS’ $42 Million Series-B Funding Round of neobank startup, FairMoney, which was led by Tiger Global. The advisory team was led by our @mamaimanaliya, and included @temmini.as, @dami.ady, @officially_bond, @iamujuude and @nonsoikegwu
Udo Udoma & Belo-Osagie’s market-leading, four partner-led private equity and venture capital practice has, for over 25 years, advised on, and facilitated, local and cross-border investment, fundraising and regulatory advocacy activities benefiting investors and small, medium and large scale businesses with strong growth and impact potential and a visionary outlook across diverse sectors in Nigeria and Africa, including the exponentially growing financial technology sector, working in collaboration with our specialist teams.
If you require assistance or would like more information about our specialist private equity and venture capital fund formation and transaction advisory practice please contact us at firstname.lastname@example.org. General enquiries and information about all of our diverse practice area offerings is also available at www.uubo.org or via email at email@example.com.
We are pleased to have advised the lead investor, SoftBank’s Vision Fund 2 on its participation in the US$400 million Series C Investment in Opay, one of Nigeria’s leading mobile payments companies.
The UUBO transaction advisory team was led by our Corporate, Private Equity and M&A teams partner, @latundeo with support from @temmini.as, a senior associate with the team. Other key team members included Managing Associate and Abuja office head, @amina_f_ibrahim, as well as associates, @pamelaskyes, @officially_bond and @tobechee_. The UUBO team worked with a cross-border group of advisers.
For more information about our private equity and venture capitalist transaction advisory practice, please email us at PETeam@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.
Udo Udoma & Belo-Osagie’s Capital Markets team and its Mergers & Acquisitions team have advised on the consolidation of the BUA Group’s sugar, flour, pasta, rice, and oil businesses into BUA Foods PLC, and on the subsequent listing by introduction of the shares of BUA Foods PLC in the consumer goods sector of the Main Board of Nigerian Exchange Limited, with the trading symbol “BUAFoods”, adding, as a result, N720 billion to the market capitalisation of Nigerian Exchange Limited.
The Capital Markets team that advised on the listing was led by Yinka Edu and included Ekundayo Onajobi, Lisa Esamah, Ikenna Edeh, and Dumebi Anike-Nweze.
The M&A team that advised on the consolidation included Yinka Edu, Folake Elias-Adebowale, Amina Ibrahim, Ekundayo Onajobi, Temi Okeowo, Mesuabari Mene-Josiah, Uju Ude and Bond Eke-Okpara. For information about UUBO and our offerings, please visit www.uubo.org or email us at firstname.lastname@example.org.
Team advises lead investor on series A investment round in bamboo global INC
We are pleased to have advised on the Nigerian elements of a recent Series A investment round in Bamboo Global Inc (Bamboo), the parent company of Bamboo Systems Technology Limited.
Greycroft VC and Tiger Global LL.C co-led the financing round in the online investment business with participation from Motley Fool Ventures, Chrysalis Capital and key yCombinator CEO, Michael Seibel, among others.
This is expected to support plans to scale the business’s tech infrastructure, launch more products and expand access in new markets across Africa to global investment platforms.
UUBO’s multi-disciplinary Nigerian transaction advisory team was led by private equity and M&A teams partner, Folake Elias-Adebowale, and included Lisa Esamah, Bond Eke-Opara, Tobechi Nwokocha, Aanuoluwapo Odunaike, Godson Iwuozo, Precious David, Faith Oseghale, Daniel Adedigba and Ayomide Soretire.
For more information about UUBO, its teams and our full service offerings, including in Private Equity & Venture Capital, M&A, FinTech and Capital Markets, please contact us at email@example.com.
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.
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.