- Created: Monday, 19 February 2018 16:11
- Written by David Ibemere - BusinessDayOnline.com
- Hits: 876
US-based private equity firm, Milost Global Inc. (“Milost”), together with its African subsidiary, Isilo Capital Partners (Pty) Ltd, says it has closed the 100 percent acquisition of Primewaterview Holdings Nigeria Limited, a large scale holding company with a portfolio of Real Estate, Oil & Gas, Quarry Mining, Healthcare and Power, for a total consideration of $1.1 billion.
The transaction is immediately accretive to Milost and Isilo Capital Partners, with Primewater’s stable revenue streams expected to contribute 10% accretion to Milost FFO on a run-rate basis.
Primewaterview Limited is a major real estate player in the luxury property development business of the Nigerian real estate market. The company is focused on developing residential property to a select clientele with an initial focus on highbrow areas in Nigeria’s densely populated Lagos State particularly Ikoyi, Victoria Island and the rapidly developing Lekki Peninsula, according to information provided on its website.
- Created: Monday, 19 February 2018 10:21
- Written by Modupe Gbadeyanka - Business Post Nigeria
- Hits: 778
Executives of an American Private Equity firm headquartered in New York, USA, Milost Global, have arrived Nigeria to conclude some deals.
The Milost team, which touched down the country yesterday, would be in Nigeria for a week, where they will meet with officials of the Central Bank of Nigeria, the Nigerian Stock Exchange (NSE) amongst others.
According to a statement issued by the firm on Monday, “The purpose of the Milost African tour among other things in Nigeria is to meet up with the management of our portfolio companies such as, Primewaterview Holding Nigeria Limited, Femab Properties Limited, Japaul Oil & Maritime Services Plc and the conclusion of other current transactions among those includes the closing of a large Nigerian bank acquisition which was previously announced.
- Created: Monday, 19 February 2018 09:52
- Written by Nasdaq GlobeNewswire
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NEW YORK, Feb. 19, 2018 (GLOBE NEWSWIRE) --
Milost Global Inc. (“Milost”) a New York based private equity firm, announced today that its senior leadership team that is headed by Managing Partner & CEO, Mr Kim Freeman and Senior Partner & Chief Investment Officer Mr Solly S. Asibey landed in Nigeria on Sunday February the 18th. The team is accompanied by Isilo Capital Partners’ team that is led by CEO Tiny Diswai. Both teams will be in Nigeria for the whole week. After leaving Nigeria on Friday 23, they will be headed for East Africa where they will spend another 4 weeks before heading to Southern Africa for 2 weeks, whereas Milost leaders will be back in New York on May 1.
- Created: Wednesday, 14 February 2018 23:26
- Written by Nasdaq GlobeNewswire
- Hits: 468
LAGOS, Nigeria, Feb. 14, 2018 (GLOBE NEWSWIRE) -- Japaul Oil & Maritime Services PLC (JAPULOI:NL) (http://japaulgroup.com), an oil and maritime services company that is quoted on the Nigerian Stock Exchange, announces that it has entered into a binding commitment letter with Milost Global Inc for a financing facility of $350 million under the Mesa Fund 1, a global opportunity fund that is managed by Milost Global Inc. The financing was arranged and negotiated by Palewater Advisory Group Inc in New York and Banklink Africa Limited in Nigeria.
Paul Jegede, CEO of Japaul Oil & Maritime Services Limited, stated, “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. With this Capital to be injected into our company, more businesse will be done and more returns are guaranteed for all the shareholders of our company. All glory belong to God.”