1. K&M Advisors LLC
An internationally recognized finance and engineering advisory firm, has been engaged by the Kenya Electricity Generating Company PLC to conduct a feasibility study for the development and operation of infrastructure for the importation of liquefied natural gas, conversion of the existing Heavy Fuel Oil/Medium-Speed-Diesel HFO Power Plants and development of a natural gas power generation plant valued at USD 320 million (KES 43.2 billion).
2. A strategic investor
In the share and asset acquisition of a major maritime solutions provider with an estimated deal value of USD 35 million (KES 4.73 billion).
3. Design 2000
In drafting and reviewing a construction and fit-out contract for a luxury residential development valued at USD 32 million (KES 4.3 billion) in Nairobi based on the FIDIC White Book.
4. An Italian combined architectural practice firm
In drafting and reviewing a construction and fit-out contract (of the FIDIC White Book) for a luxury residential development in Nairobi worth USD 32 million (KES 4.3 billion).
5. ICEA LION Asset Management
In a pioneering venture within the realm of Real Estate Investment Trusts (REITs) and a transaction value of USD 28 million (KES 3.8 billion) involving a complex and strategic restructuring of their ILAM Fahari I-REIT.
6. Linkham Africa Holding Limited
(The majority shareholders in Resolution Group Limited) in the ongoing restructuring of Resolution Insurance Ltd (under Statutory Management) through a first-of-a-kind proposed Hybrid Scheme of Arrangement (HSOA) for an insurance company under Statutory Management proposing to revive Resolution Insurance Limited. The objective of this process is to propose a feasible turnaround of the Company through a practical reorganization plan and have it resume its business undertakings as a going concern. The value of this transaction is USD 21 million (KES 2.84 billion).
7. Leapfrog Investments Healthcare Opportunities Holdings
(A leading global impact investment group) in the sale of nearly 30% of its stake valued at USD 20 million (KES 2.5 billion) in Goodlife Pharmacies East Africa (a leading healthcare and retail pharmacy chain). The stake was sold to Eurapharma (CFAO Healthcare), the healthcare division of the CFAO Group and a foremost wholesale distributor of quality pharmaceuticals in Africa, where it owns and operates subsidiaries in 23 countries.
8. Goodlife Pharmacies
(A leader in the African pharmaceutical market), on a cross-border USD 12 million (KES 1.62 billion) mezzanine debt investment by Proparco, (a French development finance institution).
9. Absa Bank
n a derivative transaction valued at USD 5 million (KES 675 million) contemplated under ISDA Master Musharaka Hedging Document which is an interest rate swap. However, under Shariah law, the levying of interest is prohibited and so the transaction must take the nature of a profit rate swap. Islamic profit rate swaps are used to avoid price changes in the value of an asset and to avoid market volatility in currency rates. These are the agreements to exchange profit rates between fixed-rate and floating-rate financial transactions and require a trade of assets in the underlying contracts to comply with Islamic principles.
10. Salience Consulting
(As part of a consortium) in a World Bank Kenya Public Digital Infrastructure Options Assessment and Pre-Feasibility Study on the legal, policy, and regulatory considerations for mobilization of private capital and expertise through PPPs, mechanisms for infrastructure financing, rollout, operations, and maintenance.
11. A commercial bank
On an appropriate Shariah-compliant hedge instrument to mitigate interest rate risk.
12. A publicly listed income REIT in Kenya
n its restructuring activities.
13. GlaxoSmithKline Kenya
In the setup of two employee pension schemes that involves negotiating the fund administration agreement, investment management agreements, and custodian agreements.
14. K&M Advisors LLC
On the applicable legal, regulatory, and institutional framework within which gas-to-power projects can be implemented in Kenya including reviewing and recommending the appropriate procurement method for LNG supply infrastructure and identifying any impediments to implementation, and advising on how the impediments should be addressed.
15. One of Kenya’s largest commercial banks
In conducting its legal and governance audit.
16. A leading financial services provider
On a partnership arrangement with a regulated payment service platform provider for the provision of a payment gateway for IMT transactions.
