MERGERS AND ACQUISITIONS
Mergers and acquisitions is one of the key practice areas at MTA. MTA has been involved in major merger and acquisition deals involving private equity and investment firms, strategic investors, development funds, banking institutions and global corporations. Typically, MTA’s role in M & A transactions involves:
- Examining the nature of the proposed acquisition and determining its compatibility with Ethiopian laws.
- Advising on how to structure deals and providing pragmatic approaches to the client’s investments.
- Conducting legal due diligence on the target company.
- Preparing transaction documents including Term Sheets, Memorandum of Understandings (MoUs), Investment Agreements, Shareholders Agreements, Subscription Agreements and Sale- Purchase agreements and amendments to company’s constitutive documents by way of shareholder resolutions.
- Advising on competition aspects of the acquisition including facilitating merger notifications and approvals from Ethiopian Trade Competition and Consumer Protection Authority (TCCPA).
- Facilitating acquisition of shares by formalizing Ethiopian compliance requirements with regulatory institutions such as the Ministry of Trade, the Ethiopian Revenue and Customs Authority, the Ethiopian Investment Commission, the TCCPA, and the Document Authentication and Registration Agency.
Some of MTA’s representative expertise in M & A matters include acting for:
- AB InBev and SAB Miller in connection with processing and securing in Ethiopia the notification and approval of the merger.
- China Merchants Holdings, in connection with its potential acquisition of shares in state owned shipping and logistics company.
- China Logistics Ltd, in relation to its bidding for the acquisition of shares in the National Tobacco Enterprise.
- British American Tobacco, in connection with the potential acquisition of shares of the National Tobacco Enterprise.
- Poten Environmental Group, in relation to its potential acquisition of Israeli drip irrigation company – Netafim having its largest irrigation project in Ethiopia.
- A UK company in the potential acquisition of Afriflora, the largest flower production company in Ethiopia.
- Consol Proprietary South Africa, a leading glass packaging manufacturer in Southern Africa, in connection with its acquisition of a glass and manufacturing company in Ethiopia.
- DAL Group, a leading Sudanese dairy company, in its negotiation and potential acquisition of the assets of an Ethiopian flower and vegetable production company.
- Abraaj Group, in its negotiation and proposed acquisition of a healthcare facility in Ethiopia.
- Capital 54, a private equity firm, in connection with a number of acquisition deals in Ethiopia including its most recent acquisition of an Ethiopian Pharmaceutical company.
- Vasary Group, in its acquisition of an Ethiopian investment project aimed at manufacturing of pasta, macaroni, and wheat flour.
- Schulze Global Investment Limited, in connection with all its investments in Ethiopia.
- Wilmar International, in its acquisition of an Ethiopian soap and detergent factory.
- EX-IM Global Investment, am American investment firm, on a potential acquisition of and investment in the local livestock company.
- Essilor International, in its negotiation and acquisition of an Ethiopian optical manufacturing company.
- The IFFCO Group, in its acquisition of an Ethiopian meat processing factory.
- Kuramo Capital Management, in relation to its Ethiopian investment and negotiations with the Ministry of Public Enterprises.
- Veris investments in its acquisition of an Ethiopian dairy company and facilitation of acquisition of a potato and chips manufacturing company.
- Kibo Capital Partners, in connection with its proposed investment in an Ethiopian pharmaceutical company.
- Surya Capital, in connection with its investment in a local Ethiopian company.