Adept Chambers is gathering momentum in the market and is well known to clients in Southern and Eastern Africa. The attractions are head of litigation Frederick Ringo and transactions head Mustafa Tharoo....
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Adept Chambers is gathering momentum in the market and is well known to clients in Southern and Eastern Africa. The attractions are head of litigation Frederick Ringo and transactions head Mustafa Tharoo. According to a client: "Tharoo is very good in drafting documents and with financial institutions."
One of the top firms says: "They are very good, we consider them our main rivals, a lot of overseas work for investors, we see them quite a lot and they are very capable." In 2011 it grew in headcount, adding senior associate Nasra Hassan from Mkono & Co and others, and it now boasts the largest corporate team in Tanzania. The firm is also part of the Africa Legal Network (ALN).
In big deals, Tharoo and Sarah Massamu advised both Cumberland and Jeppe Star on sale of Jeppe Star to a consortium of HSBC Investment Bank and Satya Capital, marking the largest private equity deal of 2010. Tharoo also worked with Amish Shah to assist global natural gas company BGI on its operations in Tanzania and its farm-in with Ophir for off-shore blocks 1, 3 and 4.
Tharoo, Massamu and Shamiza Ratanzi acted for HIS Towers on its abandoned $100 million acquisition of the tower assets of MIC Tanzania and also advised Kenya Commercial Bank, KCB Tanzania and I&M Bank on a $38 million syndicated project finance facility for Lake Cement Tanzania.
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