Odujinrin & Adefulu is another firm with very deep heritage in the market. It has moved down a generation and now boasts a young team led predominantly by Damilola Adetunji....
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Odujinrin & Adefulu is another firm with very deep heritage in the market. It has moved down a generation and now boasts a young team led predominantly by Damilola Adetunji. "A good firm with a good reputation," says one competitor.
Clients like it for a variety of reasons: "They are very strong in Ogun State where our plants are and they help us on local laws, fees, levies, permits and licenses we are supposed to have... they are very strong in project finance so we use for legal advice in finance and HR matters." Another client for M&A and due-diligence says "they have some depth but it is not a very large law firm... highly satisfactory, very professional, they pride themselves on prompt feedback and this is my highest point for them".
Adetunji, supported by Anayo Uchegbu and Jide Babalola, advised on a number of large financing deals for the African Export-Import Bank, assisting on a $200 million bridge facility to Seplat Petroleum Development Company, a $90 million promissory notes purchase facility for an airline operator, a $15 million receivables-backed financing facility to Cocoa Products and a $20 million bridge financing facility to Shebah Exploration & Production Company.
The firm won a number of referrals from Hunton & Williams and Hogan Lovells. In capital markets, where the firm was historically in the top tier group, Adetunji acted for the trustees on a $333 million corporate bond issuance programme (still a recent development in Nigeria) and for Guarantee Trust Bank as issuer on a $666 million second tranche bond issuance under a $1.3 billion programme.
Leveraging off its finance expertise, the firm also won a mandate in a merger between a large bank and its insurance subsidiaries.
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