- Created: Friday, 02 March 2018 15:30
- Written by Moneyweb.co.za
- Hits: 417
VISUAL INTERNATIONAL HOLDINGS LIMITED – Receipt of Second Draw Down in relation to the funding agreement between Visual and Milost Global Inc
Receipt of Second Draw Down in relation to the funding agreement between Visual and Milost Global Inc
VISUAL INTERNATIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/030975/06)
(“Visual” or “the Company”)
ISIN Code: ZAE000187407 Share Code: VIS
RECEIPT OF SECOND DRAW DOWN IN RELATION TO THE FUNDING AGREEMENT BETWEEN
VISUAL AND MILOST GLOBAL INC (“MILOST”)
- Created: Wednesday, 21 February 2018 19:16
- Written by Emele Onu - Bloomberg.com
- Hits: 556
- Stock makes biggest gain in almost four years in Lagos trading
- Company plans to absorb future oil shocks by adding mining
Japaul Oil & Maritime Services Plc, a Nigerian oil-services company, said it signed an agreement with private equity firm Milost Global Inc. for $350 million in shares and loans for business expansion.
Milost will invest $250 million in equity and add another $100 million in convertible loans, Japaul Chairman Jegede Paul said in a phone interview on Tuesday from Lagos, Nigeria’s commercial capital. The fresh injection of capital will enable the company to fix grounded vessels, finance new contracts and expand into mining, he said.
- Created: Wednesday, 21 February 2018 18:15
- Written by Taofik Salako - The Nation Online Nigeria
- Hits: 610
Japaul gets N10.7b new capital - Bids to acquire bank
Milost Global Inc-an American private equity firm is investing more than $8 billion or about N2.6 trillion on Nigerian investments as a demonstration of the New York-based firm’s confidence in the Nigerian economy. Among other investments in real estate and oil and gas services, the private equity firm is eyeing the acquisition of a major Nigerian bank.
Headquartered in New York City, Milost Global Inc is at the intersection of creative investing and value creation and has more than $25 billion in committed capital. Milost provides alternative capital, mezzanine finance, and alternative lending to a broad range of industries across the world including technology, transport, cannabis, education, distribution, mining, oil and gas, financial services, healthcare, pharmaceuticals, real estate, alternative energy and infrastructure development.
- Created: Tuesday, 20 February 2018 09:40
- Written by Dipo Olowookere - Business Post Nigeria
- Hits: 694
Japaul Oil & Maritime Services Plc has received a financing facility of $350 million from Milost Global Incorporated aimed to expand its operations.
The financing agreement, Business Post gathered, was arranged and negotiated by Palewater Advisory Group Incorporated in New York and Banklink Africa Limited in Nigeria.
Japaul is an oil and maritime services company quoted on the Nigerian Stock Exchange (NSE) and the funding package was obtained under the Mesa Fund 1, a global opportunity fund managed by Milost Global.
Commenting on the deal, CEO of Japaul Oil, Mr Paul Jegede, stated that, “We are excited with this development and we appreciate Milost who has shown commitment to commence disbursement on the capital to be injected.”
“This is an opportunity to optimize the potentialities in all areas of our businesses especially in areas of mining which the Japaul Group has diversified.