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Article: Dewey & Leboeuf Advises Citi On Private Equity Investment In ABC.

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M2 Presswire
Article date:
July 2, 2008
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M2 PRESSWIRE-2 July 2008-Dewey & LeBoeuf: Dewey & Leboeuf Advises Citi On Private Equity Investment In ABC(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:02072008

Gaborone/London -- Dewey & LeBoeuf has advised Citi Venture Capital International (CVCI) on its investment in ABC Holdings Limited (ABCH), a Sub-Saharan African banking group.

ABCH will issue a convertible note with a two year maturity to CVCI Africa Investments Limited (CVCIAIL), resulting in an approximate 20% stake in ABCH upon conversion. This development follows the recent investment by the IFC, the private sector arm of the World Bank Group, which currently holds an approximate 11% ...

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