Corporate

Our Corporate practice has years of experience in structuring, documenting and providing regulatory advice to individuals and businesses requiring guidance through what can be complex transactions, often in heavily regulated sectors. MMAN’s corporate practice group has years of in depth and cross sector experience in advising and representing individuals and businesses requiring guidance through what can be termed as complex situations and transactions, often in heavily regulated sectors. Our corporate practice is largely focused on:

  • Company Law (formation, governance, capital structuring, shareholder rights and remedies)
  • Corporate Transactions (acquisitions, mergers, joint ventures, private equity, reorganisations)
  • Corporate Insolvency (dissolution, arrangements, liquidation, receiverships)
  • Equity Capital Markets (initial public offers, rights issues, listing, regulation)
  • Partnerships (partnerships and LLPs)

The Corporate team has the following experience;

  • Advising ICEA Lion Asset Management in relation to its acquisition of business from STANLIB Kenya, implications under the Kenyan competition laws and Common Market for Eastern and Southern Africa regulations, reviewing the sale of business agreement and drafting all conditions precedent documents required to complete the sale.
  • Advising Mothers 2 Mothers, a Kenyan based not for profit organisation with a worldwide presence in their corporate governance restructure.
  • Advising Compagnie Financière et de Participations Roullier (CFPR) a french agribusiness conglomorate on a creditors voluntary liquidation of its Kenyan subsidiary, including negotiating settlements with creditors, drafting the requisite agreements, notices and resolutions to commence the liquidation.
  • Advising Fusion Capital Limited a shareholder in Meru Greenwood Limited in a capital raising transaction in relation to Meru Greenwood Park, a mixed-use development consisting of a hotel, recreational facilities, residential apartments, including drafting the share purchase agreement, share subscription agreement, shareholders agreement and all condition precedent documents, and advising on the implications of Kenyan competition law and regulations
  • Advising a leading telecommunication and financial services company on its potential exposure under the Unclaimed Financial Assets Act, compliance therewith and strategies to mitigate such risk.
  • Advising Mitchell Cotts Freight Kenya Limited in its joint venture with PE Fund Arch Cold Chain Solutions East Africa for the establishment of a cold storage solutions business in East Africa, including drafting the joint venture agreement, financing and operating agreements.
  • Advising a USD 80 million growth equity fund with investments in Ethiopia, Uganda and Kenya on various aspects of its USD 4 million acquisition of a private hospital in Kenya.
  • Advising a multi-lateral, treaty-based financial institution with assets over USD 6 billion on the sale of its entire stake in one of the largest manufacturing companies in Kenya with annual general sales of USD 25.92 million to private investors.
  • Advising G4S PLC, the world’s largest security group, on various aspects of its proposed internal restructuring and mini-organization which entailed conducting a due diligence on secure solutions (courier, manned guard and communication) to red flag any issues that may arise and significantly affect the mini-reorganisation as well as undertaking the competition authority application and transfer of shares at the Companies registry
  • Advising one of the largest banks in the country, on various aspects of the sale of its shares in a company licensed to carry out investment banking to a private investor.
  • Advising SETEC Group, a leading international engineering consultancy firm based in France on various aspects of a joint-venture agreement with local engineering firms. This included providing advice on Types of Companies that can be set up in Kenya by foreign parent companies including the advantages and disadvantages of each; various types of engineering licences and registration under the Engineers Act; requirements for setting up an Engineering Consulting Firm under the Engineers Act; requirements for setting up a Partnership under the Engineers Act and advice on setting up a joint venture with a locally licensed entity to carry out the proposed services.
  • Advising America Express (Amex), an American multinational financial services corporation headquartered in New York City, on the regulatory requirements of setting up and operating an office in Kenya.  
  • Advising G4S Kenya Limited on foreign ownership restrictions for provision of security services under Kenyan law.
  • G4S plc, the world's largest security group , on various aspects of the disposal of its shareholding in G4S Secure Data Solutions Kenya Limited the largest records management company in East Africa, to JSE listed firm Metrofile
  • Buckeye Partners LP, owner of a diversified network of integrated assets providing midstream logistics solutions of liquid petroleum products, on the Kenyan competition aspects of its acquisition of a 50% equity stake in VTTI, a global owner-operator of refined petroleum product and crude oil terminals
  • Bain Capital on the Kenyan competition aspects of its acquisition of the Diversey Care division of Sealed Air Corporation and Sealed Air’s food, hygiene and cleaning business of its food care division;
  • Real IPM Limited on its acquisition by leading global nature crop care firm Biobest N.V
  • Africair Inc., the largest Cessna aircraft distributor in the world in a joint venture for the establishment of an aircraft maintenance organisation in Kenya
  • Countryside Dairy Limited in the acquisition of 45% of its shares by private equity fund Stitching DOB equity
  • Anheuster-Busch Inbev SA/NV on the Kenyan aspects of its acquisition of the entire issued share capital of global brewer SABMiller PLC
  • Dimension Data (subsidiary of the NTT Group which is one of the world's largest telecommunications service providers) on the sale and transfer of business between its Kenyan subsidiaries
  • The shareholders of Highlands Mineral Water Company Limited in the sale of a 47% equity stake to PE fund Stitching Bewaarder TBL Mirror Fund II
  • PE Fund LeapFrog Investments on all Kenyan aspects of its USD 22 million investment into regional retail pharmacy, GoodLife
  • Pweza Limited on a fishing rights joint venture
  • Integra Mining Limited in a 10 year joint venture with Bamba Mining limited
  • Caribe Restaurant Limited in its acquisition of a 97% equity stake in Sous Chef Limited
  • The shareholders of Gateway Insurance in the sale of their shares to Sanlam (previously Pan Africa Insurance Holdings)
  • Fanisi Venture Capital Fund in its investment into Kenyan outdoor advertising firm, Live Ad
  • LeapFrog Investments in its acquisition of a controlling interest in regional insurance company Resolution Health
  • Private equity firm Fusion Capital in its investment into Meru Greenwood Park, an integrated development in Meru County
  • LeapFrog Investments in the Kenyan, Zambian and Tanzanian components of its investment into African financial services provider AFB
  • The shareholders of Mimosa Pharmacy Limited (now GoodLife) in the sale of a majority stake to private equity firm, Catalyst Principal Partners
  • Leapfrog Investments in the sale of its interest in leading Kenyan insurance firm APA Insurance to global insurance giant Swiss Re
  • Phoenix Aviation Limited in the sale of 49% of the company to Frontier Services Group, listed on the Hong Kong Stock Exchange, with a transaction value of USD 14 million
  • Lonrho PLC and FS Africa on the Kenyan Competition aspects of the worldwide acquisition of Lonrho by FS Africa
  • The shareholders of leading Kenyan advertising firms Redhouse Group and Media Edge Interactive, in the merger of their companies
  • Trans-Century Limited (listed on the Nairobi Stock Exchange), in its USD 36 million acquisition of the majority equity stake in the Civicon Group of Companies, a large regional mechanical and civil engineering firm
  • Fanisi Venture Capital Fund in its acquisition of Hillcrest International Schools
  • LeapFrog Investments in its USD 13m equity investment into APA Insurance
  • Sanlam (previously Pan Africa Insurance Holdings Limited) (listed on the Nairobi Securities Exchange), on its divestment from APA Insurance
  • Tanelec Limited (a Tanzania company) in its acquisition of two manufacturing firms in Zambia
  • Cable Holdings (Kenya) Limited, in its divestment from Metal Fabricators of Zambia plc to Phelps Dodge Africa Cables Corporation (a General Cables Company
  • The minority shareholder in Ogilvy East Africa, during its acquisition by Scangroup
  • Privatisation Commission of Kenya on the proposed privatisation of National Bank of Kenya and Consolidated Bank of Kenya
  • Berkeley Holdings Limited in its acquisition of a significant equity interest in Jamii Bora Bank Limited
  • Government of Kenya in its privatization of Safaricom Limited through an initial public offering and listing on the Nairobi Securities Exchange valued at USD 500 million
  • Trans-Century in its acquisition of 20% of the equity of Rift Valley Railways, holder of the 25 year concession for the Kenya – Uganda railway line
  • Aureos East Africa Fund (now part of The Abraaj Group) in a USD 4 million equity & loan investments into East African Cables (listed on the Nairobi Securities Exchange)
  • Express Kenya Ltd (listed on the NSE) on its rights issue.

Please contact Suzanne Muthaura - Partner and Head of Corporate for more information on MMAN’s Corporate expertise.

smuthaura@mman.co.ke





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P.O. Box 8418 Nairobi 00200 / T: +254-208697960/+254-202596994 / M: +254 718 268 683

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