Primewaterview Announces the Execution of the Milost Term Sheet
- Created: Monday, 25 September 2017 15:37
- Written by NasdaqGlobeNewswire
LAGOS, Nigeria, Sept. 25, 2017 (GLOBE NEWSWIRE) -- Primewaterview Limited a Nigeria based Real Estate Development & Investment Firm is pleased to announce that it has executed a $2 billion prelisting financing term sheet with Milost Global Inc (the "Investor") to fund its development projects in Nigeria. The financing is expected to be comprised of $1.3 billion in equity capital and $700 million in debt. Milost will also finance the total cost of the IPO for the company on the Nasdaq. On this transaction, Primewaterview Limited was advised by its lead advisor Palewater Advisory Group Inc through its Johannesburg office.
The Chief Executive Officer of Primewaterview Limited, HRH Prince Adetunji Ogunwusi, stated that, “This is a landmark development which will positively impact property and real estate sub sector of the Nigerian economy. I applaud Milost for the massive confidence they have demonstrated in our company and Nigeria as a whole with this investment.”
Milost Global Announces Formation of a New Africa Buyout Fund
- Created: Tuesday, 19 September 2017 09:17
- Written by Nasdaq Globe NewsWire
NEW YORK, Sept. 19, 2017 (GLOBE NEWSWIRE) -- Milost Global Inc. announced today that it has partnered with Monnaie Africa Ltd (“Monnaie”), a Mauritius based Investment holding firm to launch Isilo Fund 1, a new and agnostic Private Equity Fund which will be focused on leveraged buyouts and restructuring of Microcap companies in Africa. Within the month of September, 2017, Milost and Monnaie will form Isilo, a Mauritius GP which will act as the fund manager to Isilo Fund 1. Milost Global Inc. GPs will own 70% interest in Isilo whereas Monnaie will hold 30%. The closed ended Africa Fund will seek to raise a total of $1 billion within the next 9 months and will have a life of 10 years. Isilo will be domiciled in Mauritius, which is increasingly positioning itself as one of the preferred gateways to Africa for global Institutional investors. The GP firm will further house its investment team in Johannesburg, at the Milost Africa headquarters.
Milost Global Inc. (Milost) announces the appointment of Dr. Chin Yew Seah as Head of Milost Asia
- Created: Thursday, 14 September 2017 19:25
- Written by Milost Global Inc
NEW YORK, Sept. 14, 2017 (GLOBE NEWSWIRE) -- Milost Global Inc. announces the appointment of Dr Chin Yew Seah as Head of Milost Asia. Based in Hong Kong and effective from 1 October 2017, Dr. Seah will be reporting to Bernard Yaw, Global Head of Operations. He will be responsible for the continued development of Milost in the Asia Pacific region including Hong Kong, China PRC, Korea, Japan, Malaysia, Indonesia, Thailand, Korea, Indo China countries, Australia, New Zealand, amongst others. He will also be a member of Milost’s Executive Committee and Senior Partner. He will be working from Milost's Asia Headquarters, Two International Financial Centre, 8 Finance Street, Central, Hong Kong.
Tec CTL Receives a Good Faith Draw Down Under a Working Capital Facility, After Executing a Binding Commitment Letter With Milost Global
- Created: Monday, 12 June 2017 20:00
- Written by Nasdaq GlobeNewswire
NEW YORK, June 12, 2017 (GLOBE NEWSWIRE) -- Tec CTL, Inc., a New York-based integrated oil & gas Company announced today that it HAS signed a binding commitment letter with Milost Global, Inc. for the $3 billion working capital facility and both the Company and the investor will be working on the closing documents. The Company also goes on to announce that is has completed a good faith draw down under its previously announced $3 billion working capital facility (“MESA”) in the principal amount of $10 million, the proceeds of which have already been received by the Company in its banking account on June 12, 2017. Milost Global, Inc. under the facility (MESA) will receive senior secured exchangeable notes of the Company (”the Notes”) at a premium price of 200%, bearing an annual interest rate of 5% and repayable quarterly. The financing was arranged, negotiated and secured on our behalf by Palewater Advisory Group and we are excited to be working with them in the future.