The Asset Management Corporation of Nigeria (AMCON) yesterday announced the successful completion of the sale of the entire issued and fully paid up ordinary shares of Enterprise Bank Limited to HBCL Investment Services Limited (HISL) for a consideration of N56.1 billion.
Deals like this are typically structured by a team of Financial Advisers, Investment Banks, Fund Brokers and Legal Advisers. This team can cost AMCON or indeed any primary party to the transaction as much as 5% of the entire sum raised which in this case could be about N2.8b.
Here are the guys who helped close this deal.
1. Citigroup Global Markets Limited and Vetiva Capital Management Limited acted as Financial Advisers to AMCON
2. G. Elias & Co. acted as Legal Advisers to AMCON on the transaction
It is likely that Heritage Bank will also have their own Team of Advisers who might be paid for helping source the acquisition cost as well as provide some more advisory based services.
