Advokatfirman Lindahl advises Helios in connection with its investment in Africa Oil Corp. Stampede Natural Resources S.a.r.l., an entity owned by a fund advised by Helios Investment Partners LLP, has entered into an investment agreement with Africa Oil to buy, on a non-brokered private placement basis, 52,623,377 of Africa Oil’s common shares at a price of CAD $2.31 for gross proceeds of CAD $121,560,000 (US $100 million). Upon completing, Stampede would own approximately 12.37% of the issued and outstanding common shares of Africa Oil. An application will be made to the Toronto Stock Exchange for approval of the private placement and the new shares will be admitted to listing on Nasdaq Stockholm following registration of an admittance to trading prospectus with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen). The closing of the financing is subject to regulatory approval and certain other customary conditions. Closing is expected to occur on or around May 29, 2015.
Helios Investment Partners LLP is an Africa-focused investment firm managing funds totalling over $3 billion. Helios’ diverse LP base comprises a broad range of the world’s leading investors, including sovereign wealth funds, corporate and public pension funds, endowments and foundations, funds of funds, family offices and development finance institutions across the US, Europe, Asia and Africa.
Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya and Ethiopia as well as Puntland (Somalia) through its equity interest in Africa Energy Corp. The Company is listed on the Toronto Stock Exchange and on Nasdaq Stockholm.
Advokatfirman Lindahl assists Helios in the transaction as to Swedish law through Annika Andersson (Capital Markets and Public M&A) with the assistance of Olivia Flink (Capital Markets and public M&A).