Cayman Islands law firm Walkers has advised the Dangote Group on a US$600 million private placement as Cayman legal counsel.
The financing was completed through Greenview Fertiliser Corp as part of the African conglomerate’s wider $2.5 billion funding programme.
According to a Walkers in a press release on 28 July, the financing supports the group’s operations across cement, fertiliser, petrochemicals, refining, sugar and infrastructure.
Walkers advised on all Cayman law aspects of the transaction, while Clifford Chance served as lead international counsel to the Dangote Group.
The firm said the deal reflects the growing role of private placements in helping companies raise long-term capital and points to continued development in Africa’s private capital markets.
Walkers also said international investors continue to seek exposure to established issuers across the continent, with private placement structures remaining an important source of funding for investment and business growth.
The Walkers team was led by Dubai partner Ciaran Bohnacker and senior counsel Szymon Durlo.
“We were delighted to advise the Dangote Group on this important financing,” Bohnacker said.
“The transaction forms part of a broader funding programme that demonstrates the group’s continued access to international capital and supports its long-term growth objectives.
“We are pleased to have worked alongside Clifford Chance and the Dangote Group on another significant deal.”
Durlo said Africa continues to attract international private capital as more companies access tailored financing through global capital markets.
“Africa continues to be an increasingly important destination for international private capital, with sophisticated corporates demonstrating a growing ability to access bespoke financing solutions through the global capital markets,” he said.
“Transactions of this nature highlight the continued evolution of financing structures supporting the continent’s long-term industrial and economic development.”
