American Equity Firm Milost Global to Acquire “Large Nigerian Bank”

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.

Milost Global Announces the Arrival of Its Leaders in Nigeria

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.

Japaul Locks Horns With New York Based PE Giant

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.”

Royal Systems Announces A Funding Commitment

ACCRA, Ghana, Feb. 14, 2018 (GLOBE NEWSWIRE) -- Royal Systems & Services Limited, a Ghana based group of companies, announces that it has entered into a binding commitment letter with Milost Global Inc. under the Mesa Fund 1, a global opportunity fund that is managed by Milost Global Inc. This is for the previously announced $80 million financing facility with Milost. Royal Systems & Services Limited was advised and represented by Palewater Advisory Group Inc.

Samuel Quadjie, Chief Executive Officer, stated, “Royal Systems is enthused by the potential opportunities this financing will bring as soon as realised. It will have huge impact for the strategic direction of our company, particularly breaking barriers to financial and capital intensive industries such as Telecommunications, Real Estate, Oil and Gas, and Mining. Currently we are developing a hostel facility for students of Takoradi Technical University and the interest from Milost is most welcome. The ability to realise this fund will improve not only the returns for our investors over the long term but contribute significantly to the employment and infrastructure deficit in Ghana.”

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