News & Events

Anthem advised Sanlam Investments on its loan to Atlas Mara

Anthem Advisory advised Sanlam Africa Credit Investments Limited on the structuring and execution of its recent investment in Atlas Mara, the financial services holding company listed on the London Stock Exchange.

With more than R400 billion under management, Sanlam Investments is one of South Africa’s largest asset management companies. The firm has nearly 100 years’ experience on the continent and a presence in 13 African countries.

Atlas Mara holds controlling or significant stakes in banking operations in seven sub-Saharan African countries, including Botswana, Zimbabwe, Zambia, Tanzania, Mozambique, Rwanda and Nigeria.

We are delighted to have worked with the Sanlam team in Cape Town and Johannesburg on closing this important transaction. The structured credit facility marked Anthem’s sixth corporate finance deal in Africa in the past year and demonstrates our further commitment to the region.

Anthem advised on $10 million 2-year structured credit facility to Atlas Mara

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Anthem Advisory advised TLG Credit Opportunities Fund on the structuring and execution of its recent investment in Atlas Mara, the financial services holding company listed on the London Stock Exchange. The $10 million 2-year structured credit deal was Anthem’s fifth corporate finance transaction in Africa in 2018 and demonstrates its further commitment to the region.

Led by Bob Diamond as the Chairman, Atlas Mara holds controlling or significant stakes in banking operations in seven sub-Saharan African countries, including Botswana, Zimbabwe, Zambia, Tanzania, Mozambique, Rwanda and Nigeria. TLG noted that “with Union Bank of Nigeria being Atlas Mara’s largest asset, we believe that the group is in a strong position to benefit from rising credit growth and consumer activity in the country.”

We are delighted to have worked on Atlas Mara’s structured loan facility, as we continue to develop and expand our corporate finance practice in Sub-Saharan Africa.
— John Basnage, Managing Partner at Anthem Advisory
Africa’s banking sector is one of the most compelling growth stories in the world today, and we want to capitalise on it by taking strategic positions in Africa’s promising financial services markets. This deal demonstrates our long-term commitment to promoting financial inclusion and technological innovation in Africa.
— Zhi Yong Heng, TLG’s Head of Special Situations and Trading

Anthem advised TLG Capital on its $11.5 million investment in Grace Lake Partners

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Anthem advised TLG Capital on its $11.5 million investment in Grace Lake Partners (GLP), the exclusive Nigerian partner of French outdoor advertising company JCDecaux.

The 5-year structured loan facility from the TLG Credit Opportunities Fund will be used to fund the growth of GLP’s existing businesses, including expanding the geographical footprint of its outdoor advertising company JCDecaux Grace Lake. GLP has also made investments in the infrastructure, healthcare, media and retail sectors.

With our investment in Grace Lake Partners, we believe there is significant opportunity to help accelerate the expansion of the company’s businesses in Nigeria. We are committed to the growth story of Sub Saharan Africa.
— Saad Sheikh, Principal, Private Investments at TLG
We are delighted to have worked alongside TLG Capital and Grace Lake Partners on this important transaction, adding to the roster of innovative private equity and financing deals completed we have completed in Nigeria and across sub-Saharan Africa.
— John Basnage, Managing Partner at Anthem Advisory
Source: https://africacapitaldigest.com/tlg-makes-...

Anthem advised TLG Credit Opportunities Fund on its first deal in Rwanda

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Anthem advised TLG Credit Opportunities Fund on its first deal in Rwanda - a debt financing for Metafoam Ltd, a mattress manufacturer based in Kigali.

The financing, which also provides TLG with equity optionality, has a 5-year tenor and is backed by a standby letter of credit issued by Equity Bank Rwanda and confirmed by Equity Bank Kenya.

The capital will be used to finance an increase in Metafoam's production capacity.

Source: http://capital-riesgo.es/en/articles/afric...

Blockchain rising star Seso Global successfully completes its pre-Series A financing

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Anthem Advisory advised Seso Global on the successful completion of its pre-Series A round, which significantly increased the company’s valuation.

Seso Global, a fintech firm based in Cambridge, England and Lagos, Nigeria, is building a trusted real estate market using blockchain technology to enable secured lending in emerging economies, where centralised land registry data can be unreliable.

Seso is partnering with leading property developers, mortgage lenders and service providers in Nigeria to launch the country’s first digital mortgage registry and unlock the secured home lending market in Africa’s largest economy.

We are now scaling Seso to the next level. Over the next year we will expand into three new markets to accelerate the access to capital through securing land ownership. It has been a pleasure working with Anthem, and we look forward to their continued support as we grow.
— Daniel Bloch, CEO of Seso
We are delighted to have partnered with Seso Global and are enormously proud of what they have achieved. Their blockchain solution is particularly well suited for these markets, and the success of this pre-Series A round is further validation of their strategy and execution capability.
— Lucien Moolenaar, Anthem Advisory
Huge thanks to Anthem for their work in helping us over the line with our latest investment round. As a startup, we needed a flexible and diligent partner who would move quickly when the time came. Anthem were that partner. We look forward to working with them again.
— Phillip Jarman, COO of Seso

Managing Partner Lucien Moolenaar named Non-Executive Director at Emerging Africa Group

Managing Partner Lucien Moolenaar has joined the Board of Directors of EAC Advisory, the investment banking and financial advisory arm of Emerging Africa Group, as a non-executive director. The appointment further strengthens Anthem Advisory’s commercial relationships in the Nigerian market and across the African continent.

Commenting on his appointment, Lucien said “Emerging Africa Group’s commitment to governance, innovation and market development has created a first class financial services platform, and the track record of the Group’s executive management is impressive. I’m delighted to be a part of the team.”

Emerging Africa Group was founded by Toyin F. Sanni, former Group CEO of United Capital plc, AABLA/CNBC Woman of the Year 2017, and Pearld Awards CEO of the Year 2017.

Source: https://emergingafricagroup.com/

Anthem Advisory advised TLG Credit Opportunities Fund on its $40.5 million loan facility to fintech group GetBucks Limited.

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Anthem Advisory advised TLG Credit Opportunities Fund on its $40.5 million loan facility to fintech group GetBucks Limited.

The facility, which includes the refinancing and restructuring of previous loans, will be used by GetBucks for its general corporate and working capital purposes.

GetBucks is a subsidiary of Frankfurt-listed MyBucks S.A., the leading FinTech group in Sub-Saharan Africa with over 1.5 million customers and more than 2.1 million loans issued.

by LM

Lagos, Nigeria: Speaking at the Nigerian Bar Association's M&A Conference 2018

John Basnage spoke in Lagos at the annual seminar of the Nigerian Bar Association Section on Business Law in May 2018.

This year's seminar focused on M&A in Nigeria, and John presented an overview of the global M&A market, including recent trends.

Other guest speakers included Olumide Akpata, Chairman, NBA Section on Business Law, Olayemi Anyanechi, Chairman of the Acquisitions and Corporate Reorganisations Committee of the NBA Section on Business Law, Mary Uduk, Acting Directing General of the Nigerian Security and Exchange Commission, Oscar Onyema, CEO of the Nigerian Stock Exchange and Baba Alokolaro, Managing Partner of The New Practice.