Olaniwun Ajayi (UK) LLP, the international arm of leading African law firm, Olaniwun Ajayi, has advised Africa Finance Corporation, Africa’s leading infrastructure solutions provider, on its investment in Lightrock, a global private equity platform, specialising in investments in growth-stage technology-driven companies. The investment, which is in the form of a senior secured term loan facility, will support follow-on investments by Lightrock in high growth portfolio companies in the technology space operating across Africa, including Kenya, Uganda, Nigeria and South Africa.
The Olaniwun Ajayi (UK) LLP team was led by London-based partner, Chuks Ibechukwu, and included London partner, Gabriel Onagoruwa, and London senior associate, Juanita Derex-Briggs.
Chuks Ibechukwu commented: “Our firm has extensive experience working closely with development finance institutions on their investments in Africa. We are delighted to have supported Africa Finance Corporation on this transaction, extending our track record advising DFIs and their clients in the private equity industry, particularly on an investment of this type, which addresses critical gaps in access to financial services in Africa.”