South African firm Bowmans opened an office in Moka, Mauritius in 2019. The pan-African firm has seven offices in five countries in total.
The firm
is
engaged on some notably large corporate transactions consisting of fund formation and
raising, private acquisitions, and direct financing.
Bowmans
advised Bayport Management Ltd (BML), as a holding company of several subsidiaries and a company listed on the Official List of the Stock Exchange of Mauritius, has been experiencing financial constraints and therefore underwent a cross-border restructuring. Acting as local counsel, the firm
was responsible for the negotiations and reviews of several agreements
required to enable the restructuring. The advice spanned across practice areas, including corporate, capital
markets, financing, and insolvency laws. The transaction closed in December 2024 and was led by partner Rajiv Gujadhur.
The firm also
assisted in the setting up of Inside Equity Fund II L.P. a private equity fund in Mauritius with a target size of USD 100 million to invest in SMEs with growth capital needs, with a focus on sustainable and innovative businesses. By March 2025, the fund has successfully completed its first and second closings, securing investor commitments that brought the total fund size to USD 62 million. The team was led by partner Fazil Hossenkhan.
AON; State Bank of Mauritius; Tremont Master Holdings; Africa Eats Ltd; Sanlam Africa Core Real Estate Investments Limited; Sanlam Life Insurance Limited;
Inside Equity Fund II LP; WIC Capital Fund II LP; Barka Capital Fund 1 LP; Sango Capital (Mauritius)
Advisers ; Adenia Partners Ltd
“We received an opinion with actionable decision points that helped in the in-depth assessment of the restructuring exercise.” (Banking & Finance)
“We were advised by
Fazil Hossenkhan who is a seasoned financial services specialist who gave us real insights for having assisted in the drafting of the empowering law i.e. the Insurance Act 2005.” (Banking & Finance)
Testimonials 2023/2024
"Quality of service, speed of execution and expertise." (Capital Markets: Debt)
"Quality service." (Financial Services Regulatory)
"Professional, always seeking to clearly understand the commercial terms/requirements and accurately integrate it in the agreements. Very responsive." (M&A)
"Responsive, clear and good quality." (Private Equity)
Gilles Athaw
"Depth of knowledge, responsiveness and professionalism."
"Professional, always seeking to clearly understand the commercial terms/requirements and accurately integrate it in the agreements. Very responsive. Cleary advises when there is a term or condition that can negatively affect the company, and provides a solution on how to address this point."
Rajiv Gujadhur
"Listening skills, reachable and available for meetings, service with a smile despite any challenging situation."
Javed Niamut
"Responsive, very able, good problem-solver, hard-working, pleasant to deal with."
