We are pleased to have advised Capricorn Digital Limited, one of Nigeria’s largest digital solution providers, on its proposed acquisition by MFS Africa Nigeria Holdings Limited, in one of Nigeria’s largest FinTech acquisition deals. The investment, which is subject to the approval of the Central Bank of Nigeria, will enable both MFS Africa and Baxi/Capricorn to scale their operations extensively and widen their presence in other African countries in line with their shared corporate values of innovation and technical excellence.
The multidisciplinary Nigerian transaction advisory team was led by UUBO M&A and Private Equity team partner, Folake Elias-Adebowale, and included Uju Ude, Kelechi Ibe, Bond Eke-Opara, Damilola Adedoyin, Precious David, Aanu Odunaike Maryam Salami and Godson Iwuozo, working with a cross-border group of advisers.
