Kampala Associated Advocates (KAA) is one of the most prominent offices in the country for corporate and finance work and is attractive also for its association with SNR Denton. "It is one of the firms that does most of the corporate finance work in the country," says a competitor, "principally in finance and projects"....
[more]
Kampala Associated Advocates (KAA) is one of the most prominent offices in the country for corporate and finance work and is attractive also for its association with SNR Denton. "It is one of the firms that does most of the corporate finance work in the country," says a competitor, "principally in finance and projects".
Other peers say the firm is "high profile" and "bigger" than many of its competitors. A number of peers point out that the firm is also very well connected. David Mpanga, consistently recommended by commentators as a quality advisor, Aisha Naiga Kiwola and a team of three associates manage most transactions.
Mpanga and Kiwola recently advised Madhvani Group on a complex $100 million restructuring involving the transfer of assets of its subsidiary Kakira Sugar Works to related companies Kakira Sugar and Madhvani Group, and financing from a list of local and international banks, among them Stanbic Bank, Barclays, East African Development Bank and Standard Chartered.
The pair worked with SNR Denton to act for Standard Chartered Bank Dubai (along with the International Finance Corporation and OPIC) in July 2010 on a $120 million syndicated financing to Agri-Commodities Fze. In June 2010, also with SNR Denton the firm closed a deal for FBN Bank for a $34 million uncommitted limited resource revolving sugar import facility Czarnikow Group.
In mid-2011, the firm was busy working for the Centenary Rural Development Bank on the sale of a 10% stake to Rural Impulse Fund II/ RIF- North1, a company managed by INCOFIN Investment Management. The deal involved over 20 shareholders.
[hide]