E: olu@balogunharold.com
D: Lead Transaction Counsel


Education

  • University of Lagos (LL.M.)
  • University of Lagos (LL.B.)
  • Nigerian Law School (B.L.)

Work Experience
  • Olaniwun Ajayi LP
  • Solola & Akpana
  • Alegeh & Co SAN
  • UV Capital
Memberships
  • Nigerian Bar Association
  • Intellectual Property Law Association of Nigeria
  • Chartered Institute of Stockbrokers
  • Business Recovery & Insolvency Practitioners Association of Nigeria
  • Chartered Institute of Arbitrators UK (Nigerian Branch)
Interests
  • Corporate Strategy
  • Public Education
  • Leadership for Lawyers
  • Faith-Based Organisations
Select/Demonstrable Experience
  • Advised a global private equity firm based in the MENA region on the acquisition of a majority stake in an FMCG Company based in Nigeria;
  • Advised a Chinese conglomerate on acquisition of minority shares in a Nigeria construction company with subsidiaries in 3 African countries;
  • Provided sell-side/transactional support for a major real estate firm with respect to private equity investments, with a ticket value of USD500,000,000;
  • Advised a local private equity firm on the acquisition of minority interest in an agro-allied company based in Nigeria;
  • Currently advising a renewable energy company on NERC licensing, project development and financing;
  • Currently, advising a renewable energy company on the series A financing from a global social impact investor;
  • Advising Ripple VC on the set-up, structuring and marketing of its maiden Venture Capital Fund;
  • Advising a technology start up in Nigeria on a USD5million Series A financing from a global VC Firm;
  • Advising a Nigerian start up on a USD3million Series A financing from a US based VC Firm;
  • Advised on fund structuring, set up, marketing of LoftyInc’s Maiden USD 25Million Venture Capital Fund focused on African technology start-ups;
  • Advised on the fund structuring and set up of Nigeria’s first social innovation fund, promoted by CCHub, Omidyar Network, Bank of Industry and Venture Garden Group;
  • Provided fund structuring, legal advisory and transactional support to a PE fund with respect to its maiden private equity debt fund;
  • Advised a strategic investor on the acquisition of minority shares in airline food operator in Nigeria;
  • Advised a foreign strategic investor on the acquisition of a minority stake in a listed insurance company;
  • Advised a major payment technology company with subsidiaries in Ghana and in South Africa with respect to private equity investments from a global PE firm;
  • Acted as counsel to purchasers IRO the administration sale of the assets of Afren Plc;
  • Advised a group of foreign investors on a share for share transaction with respects to a majority stake in a Nigerian FMCG company;
  • Advised the Industrial and Commercial Bank of China on loan financing IRO the establishment of subsidiaries of major Cement Company in select African countries;
  • Advised a first-tier financial institution in Nigeria on the refinancing of the USD1.2. billion dollar loan to Etisalat;
  • Advised lenders to Dangote on the refinance of shareholders loan by Dangote Nigeria to Dangote Cameroon and Dangote Senegal;
  • Advised a syndicate of local banks on the provision of acquisition finance to a power generation company;
  • Advised an investment bank on the purchase of non-performing loans portfolio of a first generation bank in Nigeria;
  • Advised a Dutch bank on a trade receivables securitization transaction with respect to a debt owed by a Nigeria Debtor to an offshore creditor. Specific assignments involved review of transaction transfer agreement and administration agreement and issuance of legal opinion on re-characterization risk;
  • Adviser sponsors on regulatory requirements and on fund raising of up to 25 billion naira for the procurement of a merchant banking license in Nigeria;
  • Advised Lifebank with regards to its seed financing from a consortium of investors including Growth Capital and EchoVc;
  • Currently advising on the commercialization of bus routes in Lagos State pursuant to the Lagos Bus Reform Project;
  • Currently advising a state-owned company on the issuance of bonds to finance operations;
  • Advising management on a management buyout of a major oil and gas firm in Nigeria with the aid of a leverage buy out facility of over USD 300,000,000 from a first-tier financial institution in Nigeria;
  • Advised the promoters of an IPP Project in western Nigeria on a number of project development issues. Work scope included negotiation of project agreements, facilitation of regulatory approvals, due diligence & bankability review of project documents, and review of financing documents;
  • Advised a number of electricity distribution companies on the review and negotiation of managed services agreement with respect to the optimization of the distribution operations;
  • Was part of the team that advised the Association of Nigerian Electricity Distributors on a continuous basis on a variety of issues relating to regulatory compliance and electricity regulation analysis;
  • Was part of the team that advised lenders on the Azura-Edo IPP on various aspects of project development, financing and regulatory compliance;
  • Advised Dangote and its partners on the development the EWOGGS Pipeline linking the Eastern Part of Nigeria to the Lekki Free Trade Zone, including the drafting of all commercial agreements of the EWOGGS Project;
  • Advised the West African Gas Pipeline Company on the review and amendment of the International Project Agreement of the West African Gas Pipeline and the review of all commercial agreements of the WAGP;
  • Advised a major MNC on the resolution of commercial disputes arising from the Venture Agreement of the Escravos Gas to Liquids Project;
  • Advised a consortium of oil and gas investors on extraction of value from investments in an indigenous oil and gas firm. Specific assignments involved the preparation and negotiation of a Risk and Financial Services Agreement;
  • Acted as counsel to a Chinese company in respect of the acquisition of participatory interests in a marginal field in Nigeria;
  • Acted for an indigenous gas company in respect of the establishment of a gas processing facility in the Niger Delta. Scope of work covered legal support relating to project development, the negotiation and drafting of commercial agreements and the review of financing documents;
  • Advised the Petroleum Contractors Trade Section of the Lagos Chamber of Commerce on a range of issues relating to local content and oil & gas regulation, on a continuing basis;
  • Advised lenders on the Lekki Deep Water Port Project on a range of issues related to financing, project development and regulatory compliance;
  • Advised a property development company on a joint development project with the Lagos State Government with respect to the Ilubirin Housing Project;
  • Advised promoters on the project development of the Ilaje Port on project development and refinancing of existing loans;
  • Advised in relation to the $3,500,000,000 (Three Billion, Five Hundred Million United States Dollars), integrated mining, railway and deep sea port project, to be implemented in collaboration with the Ondo State Government.

Olubunmi Abayomi-Olukunle

Olubunmi is recognised as a leading private equity and venture capital transaction advisor, advising the universe of financial and strategic investors focused on Africa on a variety of private equity and strategic investment techniques. His expertise covers initial fundraising and fund formation, M&A, investment monitoring & feedback, investment & securities litigation, day-to-day management of portfolio companies, including restructurings, existing debt refinancing, profit extraction strategies, follow-on acquisitions, design of management incentive schemes and exit from investments, whether by trade sales, recapitalization of portfolio companies or IPOs.

Having previously co-founded a deal origination & strategy firm, Olubunmi now advises investors and financiers across a number of industry sectors, which include:

  • Oil , Gas & Mining
  • Electricity & Renewable Energy
  • Media and Technology
  • Defense and Space
  • Pharmaceuticals & Healthcare
  • Transportation


 

E: ade@balogunharold.com
D:Transaction Counsel


Education

  • University of Lagos (LL.M.)
  • University of Lagos (LL.B.)
  • Nigerian Law School (B.L.)
  • Euromoney School of International Financial Law

Work Experience
  • FINCA
  • Jackson,Etti & Edu
Memberships
  • Nigerian Bar Association
  • The Chartered Institute of Bankers of Nigeria
Interests
  • Governance
  • Academia
  • Philanthropy
Select/Demonstrable Experience
  • Advised on the global acquisition of an oil services company with the entire (global) transaction valued in excess of US$5.5 billion;
  • Advised a global banking and financial services company, Germany’s second largest bank, as MLA in the unsecured USD$100 Amortising Term Loan Facility to a tier-2 Nigerian FI;
  • Advised a leading investment bank on a Partial Risk Guaranteed Standby Letter of Credit to be issued by the investment bank acting as L/C Issuing Bank under a USD$150 million Reimbursement and Credit Agreement;
  • Advised an international investment bank with regard to the acquisition of majority stake by a Mauritian company involved in the business of glass container manufacturing;
  • Advised an indigenous commercial bank in relation to a USD$ 200 Million financing to be provided in conjunction with an international financial institution headquartered in Cairo, Egypt, for the acquisition of oil and gas assets;
  • Advised on the USD100million Refinance Facility to an indigenous broadband company to refinance and restructure its existing debt obligations of circa USD80million and fund its construction of a data center;
  • Advised on US$ 60m debt refinancing of a diversified business group with interests in pharmaceutical, energy, industrial plastic packaging, importation and distribution of consumer goods as well as the agricultural sectors;
  • Advised on US$107 million ECA-backed financing for the construction and development of the first phase of the mixed use real estate development at Eko Energy Estate, Eko Atlantic City;
  • Advised an investment bank on a EUR 10.4 million ECA-backed term loan facility to a local bank;
  • Advised an international investment bank with regard to the acquisition of majority stake including appraisal of the optimal transaction structure, negotiated the acquisition term sheet, advised on the upstream and cross guarantee and security package to be given by the Guarantors, particularly the Nigerian Targets in relation to the transaction, advised on potential risks, corporate actions required as well as mitigants in relation to the entire security package for the transaction;
  • Provided Nigerian law advice on Bills of Exchange (BoE) to one of Japan’s multinational leading commercial banks, the second largest bank in Japan by assets;
  • Advised a syndicate of lenders in relation to an additional US$71m facility provided to an oil service firm through USD$50million funded participation by an international financial institution headquartered in Cairo, Egypt, and conversion of a USD$21million bridge facility by a Nigerian financial institution;
  • Advised a leading international investment bank in relation to a US$120 million Single Currency Term Facility being advanced to an indigenous firm for general corporate purposes and to refinance an existing asset finance facility;
  • Advised a syndicate of commercial Banks on, prepared and reviewed the Facility Agreement, Accounts Agreement, Security Deed, Trust Deed, and Contract of Assignment in respect of the US$ 149 million (One Hundred and Forty Nine Million US Dollars) Syndicated Medium Term Loan Facility to a Nigerian Oil Service Company;
  • Advised an investment bank in respect of a USD$100million term loan facility to a Nigerian financial institution as Borrower to fund the Borrowers’ trade and general financing requirements. The transaction involved reviewing the Facility Agreement, advising on the collaterization of a portfolio of naira denominated Federal Government and Asset Management Corporation of Nigeria Bonds, advising on the use of hedging mechanisms to mitigate the inherent exchange currency volatility associated with naira denominated bonds, advising on the use of a bonds top-up trigger mechanism in the event of local currency depreciation and advising on the provision of cash collateral account as additional security package for the financing;
  • Advised an independent energy group active in the trading of physical oil, oil derivatives, electricity and the development of carbon credits schemes as Mandated Lead Arranger, Agent and Security Agent in respect of US$525 Million Reserve Based Lending to a Nigerian independent E & P oil and gas company to fund its commitments under Strategic Alliance Agreements with joint venturers in certain OMLs. Reviewed and severally negotiated the Facilities Agreement, Security Assignment Agreement, Share Charge Agreement, All Assets Debenture, Novation Agreement, Strategic Alliance Agreements in respect of the OMLs, Crude Sales Agreement, Sales Contract Assignment, Subordination Deed, Subordinated Intra-group Facility Agreement, Subordinated Intra-group Assignment Agreement, Offshore Account Charge, and Parent Share Charge;
  • Acted for the Project Development Advisor in relation to the development of the Office Complex of a Nigerian Oil Exploration and Production Company to be developed on the Eko Atlantic City;
  • Advised the second largest confectionery brand in the world with respect to data privacy legislation in Nigeria;
  • Provided a legal opinion on procedure for effecting a forfeiture of shares in an oil & gas service firm;
  • Provided an opinion on the procedure for winding up of a company engaged in the manufacture and production of fresh natural fruit juices and table water;
  • Advised a commercial bank in respect of the USD$46 Million financing to an indigenous oil company;
  • Advised an investment bank on the review of the Facility Agreement, Account Charge, Guarantee & Indemnity Agreement, Subordination Agreements, Letters of Carve-out in respect of the USD$90 million uncommitted on-demand facility to certain oil servicing firms;
  • Advising an investment bank on and reviewing the Facility Agreements, Netting Agreement, Joint Memorandum of Liens, Promissory Note, Power of Attorney and other security documents in respect of the USD$ 55 Million and USD$ 45 million Naira equivalent Term Loan Facility to a Nigerian financial institution;
  • Part of the team that represented an international beverage company in court with regard to the recognition and enforcement of a Partial Final Award and Final Award made under the auspices of the International Chamber of Commerce International Court of Arbitration, London.
  • Assisted a Nigerian financial institution acquirer further to its acquisition of one of the AMCON Bridge Banks with the review, harmonization and standardization of its credit processes and credit related transaction documentation

Adekunle Adewale

Kunle specializes in banking, finance and debt capital market transactions. He advises borrowers, issuers, mangers and lenders on all types of financing transactions, including syndicated loans, leveraged and acquisition finance, restructurings and bond issuances.

Adewale advises investors and financiers across a number of industry sectors, which include:

  • Banking, Finance & Investment Banks
  • Hospitality, Tourism & Luxury Goods
  • Infrastructure, Real Estate & Construction
  • Agriculture
  • Transportation


 

E: ope@balogunharold.com
D:Transaction Counsel


Education

  • Harvard Law School (LL.M.)
  • Sciences Po, Paris (Masters in International Energy)
  • University of Ife (LL.B)
  • Nigerian Law School (B.L.)

Work Experience
  • Kola Awodein & Co
  • G. Elias & Co
  • J.B. Majiyagbe & Co
Interests
  • Public policy & Law Reform
  • Leadership for Lawyers
  • Academia

Opeyemi Bello

Ope specialises in strategic investments, corporate restructuring, project finance, derivatives and international loan documentations. His core sectors of interest are

Ope advises investors and financiers across a number of industry sectors, which include:

  • Infrastructure, Real Estate & Construction
  • Oil, Gas & Mining
  • Banking, Finance & Investment Banks
  • Mobility & Transportation
  • Government, MDAs & Legislative Assemblies


 

E: enyioma@balogunharold.com
D:Transaction Counsel


Education

  • University of Ibadan (LL.B.)
  • Nigerian Law School (B.L)

Work Experience
  • Olaniwun Ajayi
Interests
  • Public Speaking
  • Mentorship
  • Technology
  • Entrepreneurship
Select/Demonstrable Experience
  • Advised on the acquisition of tolet.ng, a foremost Nigerian online free classifieds platform.
  • Advised on the restructuring and investment into the ‘Iroko’ brand, one of Nigeria’s leading video streaming platforms.
  • Advised on the capital raise for Perseus Concepts Nigeria limited, owners of the ACE brand, a fast growing logistics brand in Nigeria.
  • Advised on the on-going process for the amendment of the Corporate and Allied Matters Act (CAMA), Nigeria’s most important business law
  • Advised on the issuance of sovereign bonds by the Kogi State Government
  • Advised on the issuance of the Diaspora Bonds by the Debt Management Office 
  • Advised on the NMRC Series I bonds issuance in a transaction support capacity
  • Advised on the acquisition of Chi Limited Nigeria’s fastest growing beverage manufacturer. 
  • Provided Legal Advisory Services to the Asset Management Corporation of Nigeria on an ongoing basis;
  • Advised on the proposed amendments to the Investment and Securities Act; 
  • Advised on the acquisition in Sonnex Packaging Nigeria Ltd, a leading packaging company in Nigeria.
  • Advised on the acquisition of the business and assets of the Lucozade/Ribena business of GSK
  • Advised a leading Nigerian insurance company in the acquisition of 75% equity stake in an Ivoirian Company
  • Advised an International venture capital fund in the financial services sector in the acquisition of a substantial stake in a top Nigerian bank from the Asset Management Corporation of Nigeria.
  • Advised an international venture capital fund in the financial services sector in raising additional capital offshore through a global convertible bond issuance programme.
  • Advised on the acquisition of up to 51% equity stake in one of Nigeria’s leading Insurance Companies.
  • Advised in connection with the proposed acquisition of a minority shareholding interest in Interswitch Limited.
  • Advised in relation to the $3,500,000,000 (Three Billion, Five Hundred Million United States Dollars), integrated mining, railway and deep sea port project, to be implemented in collaboration with the Ondo State Government.
  • Advised on the creation of a Nigerian based Naira denominated credit enhancement facility / financial guarantor (Nigerian Credit Enhancement Facility - “NCEF”) set up to promote investment by Nigerian pension funds in bonds / loans issued by Nigerian infrastructure providers.
  • Currently advising on the $1,000,000 seed funding round of a Nigerian Artificial Intelligence Solution in the medical sector.
  • Currently advising a client on the setting up of a Nigerian Merchant bank

Enyioma Madubuike

Enyioma specializes in advising angel and venture capital investments in start-ups and high growth companies on a range of issues including on investment and mergers & acquisition transactions. Enyioma is a technology entrepreneur and co-founder of LegitNg.

Enyioma advises investors and financiers across a number of industry sectors, which include:

  • Technology & Emerging Growth Companies
  • Sports, Media & Entertainment
  • Private Equity, Venture Capital and Alternative Investments


 

E: sam@balogunharold.com
D:Transaction Counsel


Education

  • Obafemi Awolowo University  (LL.B.)
  • Nigerian Law School (B.L)

Work Experience
  • Habeeb Oredola
  • Kemi Osisanya
Memberships
  • Nigerian Bar Association
Interests
  • Public Education
  • Gender Issues
  • Employee Rights Advocacy

Samsudeen Alabi

Sam’s areas of practice centres around key operational, compliance and regulatory issues which companies face across a number of sectors.

Sam advises investors and financiers across a number of industry sectors, which include:

  • Manufacturing, Agriculture & Food Processing
  • Pharmaceuticals & Healthcare
  • Hospitality, Tourism and Luxury Good
  • Electricity & Renewable Energy
  • Space & Defence


Request For Transaction Experience