Herewith the Dealmakers Africa 2021 Awards winners for East and West Africa.
EAST AFRICA RESULTSDeal of the Year 2021Sale of Dudutech Integrated Pest Management to Bioline Group In early 2021, Flamingo Horticulture Kenya (Flamingo Group International) hived off its integrated pest management business into a newly incorporated company Dudutech which it then sold, for an undisclosed sum, to Bioline Group SAS, a global provider of integrated crop management solutions (InVivo Group). Advisers to the deal were: IKM Advocates (DLA Piper Africa) and Bowmans. Private Equity Deal of the Year 2021Adenia Partners’ majority acquisition of Red Lands Roses Private markets investment firm Adenia Partners acquisition of a majority stake in the premier exporter of high-quality roses in Kenya will enable Red Lands to grow its production capacity, increase its market share and venture into new global flower markets. Advisers to the deal were: Horizon Africa Capital, ENSafrica (Kenya) and Bowmans. League Tables | Mergers and AcquisitionsFinancial Advisers by Deal Value Rand Merchant Bank ABC Capital finnCap Financial Advisers by Deal Flow (tie) Verdant Capital, VSA Capital and Standard Bank Group Legal Advisers by Deal Value Bowmans ENSafrica IKM Advocates (DLA Piper Africa) Legal Advisers by Deal Flow Bowmans Anjarwalla & Khanna ENSafrica WEST AFRICA RESULTSDeal of the Year 2021Acquisition by Equinix of MainOne Cable Company Digital infrastructure company Equinix announced the acquisition of West African data centre and connectivity solutions provider MainOne in a deal valued at US$320 million. The transaction, implemented through a two-stage auction process, has the capacity to transform the African digital eco system. Advisers to the deal were: Stanbic IBTC Capital, Banwo & Ighodalo, Udo Udoma and Belo-Osagie and Slaughter and May. Private Equity Deal of the Year 2021Exit by Actis and the Moukarim family of Mouka The disposal of the Nigerian mattresses and bedding products manufacturer and distributer by Actis and Faiz Moukarim family to Development Partners International and Moroccan mattress maker Uni Confor Africa (Dolidol) was announced in December 2021. The US$60 million deal is set to create a pan-African leader. Advisers to the deal were: West Capital Partners, Rand Merchant Bank Nigeria, Banwo & Ighodalo, Clifford Chance, Norton Rose Fulbright, Jackson, Etti & Edu and Deloitte. League Tables | Mergers and AcquisitionsFinancial Advisers by Deal Value United Capital Standard Bank Group (tie) Canaccord Genuity, First Asia Group and Stifel Nicolaus Canada Financial Advisers by Deal Flow Standard Bank Group Verdant Capital (tie) Citigroup Global Markets, KPMG, Lazard and Okan Legal Advisers by Deal Value Udo Odoma & Belo-Osagie Templars Banwo & Ighodalo Legal Advisers by Deal Flow Udo Udoma & Belo-Osagie Banwo & Ighodalo (tie) Templars and G.Elias & Co League Tables | General Corporate FinanceFinancial Advisers by Transaction Value Citigroup Global Markets Goldman Sachs Standard Chartered Bank Financial Advisers by Transaction Flow (tie) Citigroup Global Markets, Standard Chartered Bank and Chapel Hill Denham Advisory Legal Advisers by Transaction Value White & Case Banwo & Ighodalo Udo Udoma & Belo-Osagie Financial Advisers by Transaction Flow (tie) White & Case, Banwo & Ighodalo and G.Elias & Co For more information on DealMakers AFRICA, visit www.dealmakersafrica.com or contact reception@gleason.co.za
