BizNis Africa
Latest News
ExxonMobil introduces wind turbine grease in Cape region
ExxonMobil is introducing Mobil SHC Grease 102 WT, a...
African Utility Week highlights opportunities in continent’s energy market (View Image)
The African Utility Week (www.African-Utility-Week.com), taking place from 16 to...
Barclays Africa Rise hub hosts hackathon to tackle SA’s water crisis
Rise, Barclays Africa’s innovation hub in Cape Town, hosted...
Burger King, Dunkin’ Donuts introduce digital photo booths at restaurants
In a digital age where social media and ‘selfies’...
Africa’s rapid urbanisation tops agenda at RICS Africa Summit
Africa’s cities need to brace themselves for millions more...
Oracle hosts one of Africa’s largest tech event
In a major push to further drive digital transformation...
HP officially launches Z2 mini workstation
HP South Africa announced this week that the Z2...
South Sudan officially joins Afreximbank
South Sudan, Africa’s youngest country, has become the latest...
Cushman & Wakefield Excellerate opens new office in Tanzania
Cushman & Wakefield Excellerate  announced this month that it...
Randgold increases production to new high of 1.25 million ounces
Randgold Resources is strongly positioned to sustain profitable production,...

Jason Wilkinson, Bowmans Finance and Banking Practice

Pan-African law firm Bowmans recently advised Helios Credit Partners on a landmark transaction representing one of the first significant financings by a private credit fund in sub-Saharan Africa.

The transaction was one of the largest debt financings secured by a Namibian company in the private sector.

The loan, of up to USD 40 million, was made available to Trustco Group Holdings Limited (JSE: TTO), through funds advanced by Helios Investment Partners through its direct lending platform, Helios Credit Partners.

Trustco is a Namibian-based conglomerate with operations in the real estate, insurance, microfinance, retail, banking and education sectors. The loan will be used to capitalise the growth of Trustco’s Namibian property portfolio and provide credit solutions to growing enterprises that require hard currency and term funding, with a focus on structuring flexibility, speed of execution, and risk mitigation and management.

“This is a growing market sector and these kinds of transactions are anticipated to increase significantly in the future. Our advice and management of this milestone transaction, in addition to our premier pan-African offering, places us at the forefront of firms able to advise on key debt private equity transactions going forward,” says Jason Wilkinson, Bowmans Finance and Banking Practice.

The deal was concluded within a very short time frame and spanned several African jurisdictions, including the Cayman Islands, Mauritius, South Africa and Namibia.

The Bowmans team was led by Jason Wilkinson and extended across the firm’s Banking and Finance and Tax practice areas. The team included partner Wally Horak, and associates Michael Swartland, Jason Larkins and Ivan Vorster.

The Banking and Finance team were recently awarded Banking and Finance and Restructuring Team of the Year by African Legal Awards.

Leave a Reply

Ver peliculas online

Fill in your details below and we will secure you a free test drive, delivered to you.

Fill in your details below and we will secure you a free test drive, delivered to you.

%d bloggers like this: