Capital Bank and Soyombo Insurance Announce a Milost Financing
- Created: Thursday, 26 October 2017 22:25
- Written by Capital Bank Ltd
ULAANBAATAR, Mongolia, Oct. 26, 2017 (GLOBE NEWSWIRE) -- Capital Bank of Mongolia Ltd and Soyombo Insurance Ltd, their sister company, are pleased to announce that they have executed a $255 million financing term sheet with Milost Global Inc (the "Investor"). The financing is expected to be comprised of $55 million in equity capital and $200 million in debt. Milost Global Inc (the “investor”). Through this transaction, Capital Bank, Soyombo Insurance, Capital Brokerage and Capital Asset Management have agreed that they will be controlled by Milost Bank Corporation, whereas Milost Bank Corporation will acquire a controlling interest in all four companies. Milost Bank Corporation, through its African subsidiary Milost Bank Africa Limited is also conducting a due diligence of a Nigeria bank that has over 250 branch operations, with a purpose of acquiring full control.
River One Resources Announces a $500 Million Financing Term Sheet With a New York Based Funder
- Created: Monday, 09 October 2017 19:34
- Written by Nasdaq GlobeNewswire
HONG KONG, Oct. 09, 2017 (GLOBE NEWSWIRE) -- River One Resources Limited is pleased to announce that it has executed a $500 million prelisting financing term sheet with Milost Global Inc (the "Investor"). The financing is expected to be comprised of $200 million in equity capital and $300 million in debt. Milost will also finance the total cost of the IPO for the company on the Nasdaq. The financing was arranged and facilitated by Palewater Advisory Asia Limited in Hong Kong.
The Chief Executive Officer of River One Resources Limited, Richard Li, stated, “The financing agreement with Milost Global does not only serve as a milestone for the development of the company, it also signifies the massive confidence Milost Global has demonstrated in us. The financing arrangement will be used to fund several strategic projects in the coming years. We believe our industry experience, operating track record, coupled with Milost’s international capabilities will lead to a sustainable rapid growth of the company.”
Milost Global signs prelisting financing term sheet
- Created: Sunday, 01 October 2017 01:01
- Written by Africa Capital Digest
Milost Global, an Africa-focused private equity firm based in New York, has signed a pre-listing financing term sheet with Primewaterview Ltd, a Nigerian real estate investment and development firm. The deal commits up to $2 billion in capital made up of $1.3 billion in equity and the balance in debt for Primewaterview to use to fund its planned development projects in Nigeria. The deal also calls for Milost to meet the cost of Primewater’s eventual IPO filing on the NASDAQ Stock Exchange.
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."