Phone +234 1 2774920, 2774921, 2774922, 2719811, 2719812, 2719813
AddressSt Nicholas House, (10th, 12th & 13th Floors), Catholic Mission Street, Lagos, Nigeria.
Opeyemi Adeshina 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, Labour and employment, Telecommunications, Media and Technology, Private Equity and Mergers & Acquisitions.
Part of the team advising a leading tech-enabled healthcare investment company in Nigeria’s health sector that specialises in healthcare PPP infrastructure projects across Africa in its intended collaboration with the Ghanian government for the purpose of financing, procuring, and deploying diagnostic facilities for use in the essential areas of radiology and pathology across hospitals in Ghana under a public, private partnership and build, operate and transfer arrangement;
Part of the team advising a consortium in its intended collaboration with one of the State Governments in Nigeria for the purpose of financing, construction, and development a 110 kilometers circular road in the State in order to improve traffic flow under a public, private partnership and build, operate and transfer arrangement;
Part of the team that is currently advising a multinational company in relation to its investment in a mining exploration licence;
Part of the team that advised and assisted two multinational companies on a foreign-to-foreign merger application to the Federal Competition and Consumers Protection Commission;
Advising OCP Africa in connection with a joint venture project with the Nigeria Sovereign Investment Authority (NSIA) for the construction of a fertilizer production plant in Akwa-Ibom State, Nigeria;
Advising a leading energy company in connection with the restructuring of its US$2 billion acquisition term loan and reserve based lending from a consortium and syndicate of seven Nigerian banks and one non – banking international oil trading entity;
Advised Geometric Power on the restructuring of the construction finance facility provided for the development of the Geometric IPP project in Aba, Abia State. His role involved negotiating the completion EPC contract in respect of the power plant being constructed by the project developer;
Part of the team that conducted a due diligence review of Ladol Services FX Enterprise, in connection with Infracredit’s proposed guarantee to support LADOL’s bid to refinance its debt deployed towards the development of a 24MW power plant that generates and distributes power within the LADOL Free Zone;
Part of the team that conducted a due diligence review of Fidesic Nigeria Limited in connection with Transnet Financial Nigeria’s proposed acquition of 51% of the company;
Advises various companies on corporate compliance requirements in Nigeria and company secretarial needs; and
Advises various foreign companies on their proposed investments in Nigerian companies and is part of the team that conducts due diligence exercises on the various target companies.
UUBO’s Energy and Projects team have advised Geometric Power Limited in connection with (1) the US$50 million new debt funding provided by African Export and Import Bank (“Afrexim Bank”), (2) the debt restructuring of a facility of more than USD 500 million provided by three Nigerian lenders to Geometric Power Aba Limited (an affiliate of Geometric Power Limited), (3) the Aba Integrated Power Project (“Aba IPP”), and (4) the investment in the Aba Power Plant Project by equity investors who provided an aggregate amount of USD 19 million in new equity funding.
The Aba IPP is the most impactful and significant power sector project closing following the conclusion of the Azura transaction in 2015 and the power sector privatization in 2013. It is an integrated power island that has its own generation assets and its own distribution assets to serve a population of approximately 2 million people within 9 Local Government Areas in Abia State.
The transaction will lead to the creation of the 12th electricity distribution company in Nigeria and the establishment of a fully integrated utility by Geometric Group, having its own distribution network, an embedded generation facility and a dedicated 27-kilometre pipeline that will supply natural gas to the power plant. The BPE handed over the Aba IPP to Geometric today, Wednesday, 16th February 2022.
The UUBO team was led by Energy and Projects Partners Nicholas Okafor and Onyinye Okafor, with support from Amina Ibrahim (Managing Associate), Victor Samuel (Senior Associate), as well as Chisom Okolie, Maryam Salami, Uchechukwu Ajala, Oluwatobi Akintayo, Godson Iwuozo and Opeyemi Adeshina (Associates).
For more information about UUBO, its teams and our full-service offerings, including in Power, Projects and Infrastructure, please contact us at firstname.lastname@example.org.