Ajumogobia & Okeke is a well-known name in the market especially in the capital markets. Ovie Ukiri leads on all corporate finance transactions....
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Ajumogobia & Okeke is a well-known name in the market especially in the capital markets. Ovie Ukiri leads on all corporate finance transactions. A client for a large infrastructure project says "whatever they have done has been excellent, and when you send them a question you get a response".
"They are very much trusted by the state of Lagos," says another. In 2011 Olasupo Shasore, the former Attorney General of Lagos state, joined the firm as a partner. The firm recruited three associates and two senior associates through 2010 / 2011.
In banking, the firm won two mandates from Diamond Bank to provide advice related to investment funds and the sale of a yacht, in which the bank had invested. In the capital markets, the firm acted as joint-solicitors to the Delta State government on a dual tranche $659 million infrastructure development bond and advised the security trustee Notore Chemicals Industries on a high-value bond issue by SPV Notore Funding.
In M&A, Ukiri was advising Helios Investment Partners on its $1.3 billion bid for a Nigerian bank currently being recapitalised by the Central Bank, in which Ukiri conducted due diligence. The firm was also acting for the Bureau of Public Enterprises on the government's proposed sale of its 24% stake in Transnational Hotels and Tourism Services.
Ukiri led a team to advise on the merger between Rubber Estate Nigeria, the client, and its French parent company and Equinox TSB Development on its $5.5 million sale to Mira Resources, while in projects, he was advising Trilex Development Corporation on a proposed $600 million concession of the Badagry Port in Lagos by the Nigerian Ports Authority.
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