WINNER - MAURITIUS


DEAL: Actis sells its stake in Accra Mall to Atterbury and Sanlam


COMPANY: C&A Law ADDRESS: Suite 1005, Alexander House, 35 Cybercity, Ebene, Mauritius TEL: +230 466 0500 FAX: +230 464 5401 EMAIL: info@calaw.mu


FIRM PROFILE:


C&A Law is one of the first law firms to have been registered by the office of the Attorney General of Mauritius.


Strategically located in the prime financial services area of Mauritius, C&A Law provides a full service focusing mainly on related corporate and commercial law for both international and domestic clients.


C&A Law is dedicated to providing full assistance from the early structuring stage of a corporation throughout its business operations life by offering tailor made legal support for the corporation’s licensing requirements, financing transactions, tax advice, employment law matters, mergers and acquisitions, restructuring or listing on a stock exchange and insolvency law matters.


The strength of C&A Law lies in its ability to fulfil its commitments on time. Clients have never failed to show their appreciation for their timely, efficient and cost effective service. One client praised the firm for its corporate and litigation work: “The lawyers at the firm are very professional and they know what clients want. They have expertise on corporate law and litigation matters and we rely on them on such matters.”


C&A Law consists of 2 Partners, Mr. Amba Chinien and Mr. Gilles ATHAW and 14 fee earners.


The main areas of practice of the firm include: • Corporate/M&A • Cross Border Financing • Collective Investment Schemes and Closed End Funds


• Financial Services, regulatory and compliance laws


• Insurance • Intellectual Property • Insolvency laws • Tax • Trusts • Labour & Employment Law • Litigation & Arbitration • Property Development and Investment • Securities and Listing


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DEAL OVERVIEW: Q


Please summarise the transaction


This transaction involved the acquisition of Actis’ 85% stake in Accra Mall, Ghana’s largest shopping mall by Atterbury and Sanlam valued at USD 65 Million. For this acquisition, Atterbury joined forces with Sanlam to acquire half of the 85% stake.


advising on the listing of these particular funds on the Mauritius Stock Exchange. The aim of such listings is to enhance the funds’ visibility, credibility and profile for the benefit of its investors and other stakeholders.


C&A Law have also been involved in the mining and energy sector, with transactions especially geared towards Africa.


With its extensive netw Q ork,


Mauritius is currently among the most attractive platform to Africa bound investors


Q


What was your role within the transaction?


C&A Law acted as legal advisor to the equity and debt provider. Part of the financing was effected through Mauritian vehicles which also involved the creation of Mauritian law governed security involving the pledging of shares and creation of charges. The C&A Law team, headed by Partner, Gilles ATHAW, was responsible for the drafting of the security documents and review of the various facility agreements and ensured the smooth completion of the transaction from the Mauritian jurisdiction.


Q with?


C&A Law is very actively involved in the setting up of real estate funds geared towards investments in Africa. Over and above the setting up funds, C&A Law has also been


What other types of clients or transactions have you been involved


What are your thoughts and predictions for 2013 and beyond?


The potential of Africa’s economic growth can no longer be underestimated and Mauritius has through its recent policies, strategically placed itself as a major role player for Africa bound investments in the years to come.


With its extensive network of double taxation agreements and investment promotion and protection agreements, Mauritius is currently among the most attractive platform to Africa bound investors.


Mauritius has a network of Double Taxation Agreements with African countries consisting of 17 treaties and 8 other treaties cu rently awaiting signature or being negotiated. Mauritius has also signed a series of investment Promotion and Protection Agreements with African countries, which provide the protection of investments against nationalisation or seizure by States.


We are expecting an increased flow of Africa bound investments through Mauritius in 2013 and beyond. Asian and European investors have already showed a keen interest in using Mauritius as their favoured platform for Africa using Mauritian specialised vehicles with the potential of being listed on the Stock Exchange of Mauritius or another recognised securities exchange.


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