IFLR1000

Teleology Holdings takeover of 9mobile

13/11/2018
Private acquisition
Select tab

$ 500 million

Completed

13/11/2018

Overview:

  • Private equity firm Teleology Holdings acquired Nigerian telecoms company 9mobile (formerly Etisalat Nigeria). 
  • Barclays acted as the financial adviser for the syndicate of banks, who acted as sellers as they owned and controlled all the equity by virtue of the enforcement of the share charge.

Jurisdiction:

Nigeria

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Nigeria

Industry sector:

Technology and telecommunications

Firms:
Jackson Etti & Edu

Party: Teleology Holdings (Acquirer)

Olaniwun Ajayi

Party: Access Bank (Seller)

Party: Fidelity Bank (Seller)

Party: First Bank (Seller)

Party: First City Monument Bank (Seller)

Party: FSDH Merchant Bank (Seller)

Party: Guaranty Trust Bank (Seller)

Party: Keystone Bank (Seller)

Party: Polaris Bank (Seller)

Party: Union Bank (Seller)

Party: United Bank for Africa (Seller)

Party: Zenith Bank (Seller)

Party: Ecobank Nigeria (Seller)

Party: Stanbic IBTC Bank (Seller)

Lawyers: Ibi Ogunbiyi, Wolemi Esan

Related deals