Law firm Thomas Eggar LLP has assisted Lonrho plc on its acquisition by FS Africa by way of a court-sanctioned scheme of arrangement, valuing the company at over £170m.
Lonrho is a conglomerate, operating in Africa, which focuses on the provision of logistics and infrastructure for the agriculture and oil and gas sectors throughout the continent.
The Thomas Eggar team, which included corporate finance partner Dan Bastide and senior associate Faye Bargery, worked on the complex deal that was governed by the Takeover Code as the company was listed on the London Stock Exchange. This also involved share options, warrants, listed convertible bonds, competition approval in six African jurisdictions together with removal from a dual listing in South Africa.
John Riddick, head of the corporate and finance team at Thomas Eggar said on the deal: “The complexity and profile of the deal is testament to the calibre of the people working at the firm. As a team, we are capable of handling large transactions and can offer clients the same quality of work that you would often see from larger law firms. Lonrho is a long-standing client of the firm and we look forward to working with them in the future.” The Board of Lonrho expressed their extreme satisfaction and appreciation with the service they received.
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