PDA is an established leading firm in the market and peers regularly comment that finance and banking are its key areas of expertise and dominance. "They are doing very well," says one competitor, "they are very well established in the market and especially strong in banking and finance....
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PDA is an established leading firm in the market and peers regularly comment that finance and banking are its key areas of expertise and dominance. "They are doing very well," says one competitor, "they are very well established in the market and especially strong in banking and finance."
The two leading partners led on all the firm's biggest transactions. In 2011 the firm was engaged by a South Africa based investment bank and a US venture capital firm to advise them as sponsors of a $70 million project to develop a natural gas power plant in Mozambique's Manica Province. The advice included negotiations, contract documents, purchase agreements and other matters.
The firm also won a mandate from an electricity company for the $1 billion implementation and financing of a new power transmission line connecting the production centres in the north of the country to the southern industrial zones.
The firm also played a role on Barclays Bank Mozambique's $20 million capital raising exercise, in which it drafted all documents, and assisted a coal company on Mozambican legal aspects related to its $40 million listing on the London Aim market.
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