Olubunmi Abayomi-Ogunkunle

Managing Consultant

olu@balogunharold.com

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.t.c.

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

Author, "The Legal & Regulatory Trends Shaping Private Equity Investments in Nigeria 2018" - (Published, African Private Equity & Venture Capital Association, 2018)
Author, "Fund Manager Update: 4 key trends that will shape Nigerian Private Equity Investment in 2018 and Going Forward" - (Published, Private Equity & Venture Capital Association of Nigeria, 2018)
Author, "Connecting the dots in Nigeria’s Private Equity Industry” - (Published, African Global Funds, 2018)
Author, "The Legal & Regulatory Trends Shaping Private Equity Investments in Nigeria” - (Published, The Catalyst, DealMakers.co.za , 2018 )
Co-Author, Cross Border Venture Capital Investment Outlook in Nigeria - ( Balogun, 2017)
Co-Author, “Venture Capital Review & Outlook in Nigeria” - ( Business Day Nigeria, 2018)
Author, "The Policy & Regulatory Response to Private Equity & Venture Capital - The Consolidation Play” - (Published, Olaniwun Ajayi, 2017)
Author, "Private Equity & Venture Capital - Some Legal Considerations” - ( Published, How We Made It in Africa, 2016)
Author, “Offshore HoldCos as Investment Vehicles for Nigerian Start-ups, - Some Considerations for Founders & VCs - ( Published, TechCabal, 2017)
Author, "Deconstructing the USD1Million Fund for Nigeria’s Creative Industry” - (Published, Financial Nigeria, 2017)
Author, "DFIs Have a Role in the Local Venture Capital Industry” - (Published, Global Corporate Venturing, 2016)
Author, "Of Reforms & Revolutions - Corporate Law in Nigeria" - ( Published Guardian, 2016)
Author, "Private Equity Fund Raising - Legal Requirements for Pension Funds" - (Published, International Journal of Private Equity, 2013)

Olaniwun Ajayi LP
Solola & Akpana
Alegeh & Co SAN
UV Capital

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)

Corporate Strategy
Public Education
Leadership for Lawyers
Faith-Based Organisations

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.

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