Private Sector Advisory

Private Sector Advisory
Profile:

OKIPP Limited (a member of the Negris Group) acquired the only Newsprint manufacturing facility in West/ Central Africa from the Bureau of Public Enterprises in 2008. The Company is in the process of raising US$ 152 million to rehabilitate and upgrade the mill which had been shut down for almost 16 years. The mill, once operational, will enhance the Company’s global competitiveness and transform Nigeria from a net importer to an exporter of newsprints and allied products.

The Issue:

Radix acted as Joint Financial Adviser, on the private equity raising exercise.

Profile:

ARCO is one of the fast emerging and foremost Nigerian engineering services firms. The Company’s core investors and strategic partners recently made a series of investments in the company to increase its operating capacity and market share. The company seeks to raise additional equity capital to further boost its operations.

The Programme:

The Company seeks to undertake a professional and objective evaluation and also source for investors.

The Issue:

Radix acted as the Financial Adviser to the Company.

Profile:

Skye Bank is considering raising longer term capital to grow its profitability, strengthen its expansion objectives as well as boost its resolve to become a dominant player in the industry.

The Programme:

N30 billion capital raising from the public through a mix of Public offer and Rights issue.

The Issue:

Radix is acting as a Joint Financial Adviser/ Issuing House to the Bank.

Profile:

The Management of VONO PLC on affirming that its Vision for the company is a cost-effective, well governed and efficiently managed company, profitable and out-performing competition in all segments of its business and delivering high returns to its investors, required the services of a financial adviser to undertake an enterprise valuation of all its resources as well as advise on the negotiation strategy preparatory for its Merger/Acquisition with Vitafoam PLC.

The Issue:

Radix acted as the Financial Adviser to vono.

Profile:

The desire of some investors to partner with major shareholders of G.CAPPA in repositioning it to play a renewed role in the pursuit of infrastructural development in the country propelled the divestment and acquisition of the Company’s controlling shares.

The Issue:

Radix is the Financial Adviser/Funds Arranger to the divestment and acquisition of controlling shares.

VTLeasing Profile:

VT Leasing, a leader in the Nigerian leasing industry, seeks to raise up to N600 million by way of private equity investment to enhance its operations and increase its market share.

The Programme:

The Company required new investors and needed to conduct a valuation of its business and devise a negotiating strategy in considering the terms proposed by the potential investor.

The Issue:

Radix conducted the valuation, devised a strategy and assisted with negotiations which enabled the Company achieve transaction close. In the process shareholder value was preserved while achieving the objectives of the transaction.

Profile:

Grilla Global International Investments Limited (owners of Protea Hotel Ikoyi Westwood) desired to create an ultra modern hotel of international standards geared towards meeting the need for top quality hotels in Lagos State. The Company had acquired an interest in a building and required an additional N1 billion to rehabilitate and furnish the building to the required standard.

The Programme:

The transaction required unique project finance advisory services to raise capital through a mix of debt and equity.

The Issue:

Radix acted as Financial Adviser/ Fund Arranger on the fund raising and continues to offer advisory services to the Company.

Profile:

Eterna Plc is a leading player in the downstream sector of the Nigerian oil & gas industry. The Company had acquired a 34 million litre tank farm in Lagos and a modern oil blending plant with debt financing and needed to refinance the debt facility, restructure its balance sheet, expand its retail outlets and enhance its working capital.

The Programme:

N8.6 billion equity finance was sought from the public through a mix of Public offer and Rights issue.

The Issue:

Radix acted as Lead Financial Adviser/ Issuing House to the Company and arranged 40% of the underwriting during a period of severe market stress.

Profile:

The Company’s core investors and strategic partners recently made a series of investments in the company to increase its operating capacity and market share. The company seeks to raise additional equity capital to further boost its operations.

The Programme:

The Company seeks to raise about N5 billion by way of a Rights Issue.

The Issue:

Radix is a Joint Financial Adviser/ Issuing House to the Company on the Rights Issue.