Primewaterview Closes the Milost Financing
- Created: Monday, 02 October 2017 07:53
- Written by Nasdaq Globe NewsWire
VICTORIA, Nigeria, Oct. 02, 2017 (GLOBE NEWSWIRE) -- Primewaterview Limited is pleased to announce that today it has signed the financing agreement and closed the transaction with Milost Global Inc under the Mesa Fund 1, a global opportunity fund that is managed by Milost Global Inc. This is a financing facility of up to $2 billion for the funding of the development of the Company’s projects and to fund growth. The transaction was advised by Palewater Advisory Group Inc in Johannesburg.
Senior Partner & President of Milost Global Inc in Africa, Solly Asibey stated, "This is a great milestone for the Real Estate and Property market in Nigeria and West Africa as whole; and we are delighted to be part of this journey which will have an immediate positive impact on the socio-economic well-being of the region. The investment that Milost has committed to Primewaterview sets them on a path to becoming a formidable player within this space on the African continent, and we will support the management of Primewaterview in their quest to achieve such.”
HRH Prince Adetunji Ogunwusi, the Chairman/CEO at Primewaterview Limited, said, "Beyond housing and the building blocks that make up our housing estates we build aspirations and dreams, we build families, we build long lasting relationships. Over the years our clients have continued to trust us to create a world they are at home with... a world free from the hustles and bustles of city life. My vision as the CEO is to replicate this lifestyle in our daily living, our business, our office environment and our different lifestyle. With the Milost Global partnership with Primewaterview, a new dawn of great business horizon has opened in Nigeria in particular and Africa at large."
Mandla J. Gwadiso, the Managing Partner & CEO of Milost Global Inc also stated, “This is good news for the Prince and his team, this is proof that hard work pays, I believe that with access to our resources, Primewaterview is destined for even bigger things. We continue to look for opportunities such as this, where our resources are deployed not just to make profits but also to better the livelihood of every Nigerian that Primewaterview gets to be in contact with."
About Primewaterview Limited
Primewaterview Limited is a wholly owned Nigerian Company incorporated in 2005 and a subsidiary of Primewaterview Holdings Limited. The Company is a property and infrastructure development company, which uses its local knowledge and skills combined with its global expertise, to design and build residential communities of high international standard. Its passion to provide excellent housing shelter has driven it to the pinnacle of Real Estate in Nigeria and Africa. Its track record includes the development of various residential and /commercial properties in highbrow areas in Lagos and other parts of Nigeria.
In line with its goal to be one of the top Real Estate and infrastructure Company in Africa, the Company is planning to construct hotels, office complexes, shopping malls and business parks in Lagos, Abuja, Africa and other parts of the world.
Our Board of Directors, together with the Management team is a strong, balanced blend of Industry & Professional leaders whose exceptional knowledge and experience guides and supports the delivery of long-term value to the Company.
About Milost Global Inc
Milost Global Inc is an American Private Equity firm that is headquartered in New York City, with more than $25 billion in committed capital. Milost is at the intersection of creative investing and value creation. Milost is also a provider of alternative capital, mezzanine finance, and alternative lending to a broad range of industries across the globe including Technology, Transport, Cannabis, Education, Distribution, Mining, Oil & Gas, Financial Services, Healthcare, Pharmaceuticals, Real Estate, Alternative Energy and Infrastructure Development. www.milostglobal.com
About Palewater Advisory Group Inc
Palewater Advisory Group is a multinational corporate and public affairs advisory firm with headquarters in New York. We specialise in cross-border and M&A transactions, financing, public affairs, political campaign capital raising and strategy. Collectively as the team, we have had an excellent track record with more than 1000 references in our line of advisory work. We have a robust and yet solid network of contacts with specific focus on certain core industries, investment and banking communities. Our directors, leaders, professionals, and senior advisors collectively provide access to senior industrial, political, economic, government and financial decision makers throughout the world.
We provide individual and personal advice and react swiftly to our clients’ needs, while always providing direct access to the team, including the partners involved. As a professional services firm, we provide the best possible advice based on confidentiality and total discretion. We are committed to the principles of integrity and client service, and operate free from any conflict of interest. www.palewateradvisory.com