Finance Monthly Deal Maker Awards 2015 Edition

66 www.finance-monthly.com DEAL MAKER OF THE YEAR - NIGERIA Carlyle Group’s investment in Diamond Bank Chosen for her involvement in the following transaction: Oyinda Akinyemi is the head of the Equity Capital Markets business in Stanbic IBTC Capital. She has broad corporate finance experience garnered from over 14 years in the Nigerian capital market. She has been actively involved in the analysis, packaging and execution of Stanbic IBTC Capital’s equity capital market transactions and has successfully led several landmark transactions across various sectors of the Nigerian economy. Firm Profile Stanbic IBTC Capital Limited is the leading investment banking franchise in Nigeria providing investment banking services with excellent capabilities in advisory and capital markets. It offers a suite of services across financial advisory, capital markets and debt solutions and has participated in the largest public issues in Nigeria. Stanbic IBTC Capital is a member of the Standard Bank Group. For more information about our organisa- tion, please visit www.stanbicibtccapital.com About Oyinda Akinyemi Summary of the transaction Stanbic IBTC Capital Limited successfully advised Diamond Bank Plc on its NGN50.37 billion Rights Issue in 2014. Prior to launching the transaction, a key shareholder expressed interest in exiting its investment in the Bank. The transaction was structured to introduce a new anchor investor (Carlyle), into the Bank. Role in the transaction Stanbic IBTC Capital Limited, led by Oyinda Akinyemi, acted as the Lead Issuing House on the transaction and provided seamless transaction solutions across investment banking, brokerage and transaction services via its related companies. Challenges or difficulties encountered The planned exit of a key shareholder prior to the launch of the Rights Issue created transaction execution risk. In addition, volatile market conditions in Nigeria also posed a risk of non-participation from shareholders. Stanbic IBTC Capital Limited led and coordinated extensive marketing efforts in Nigeria and internationally, facilitated participation of international investors through the provision of custodial services and also structured an avenue for the anchor investor to support the transaction. Other transactions and notable work Stanbic IBTC Capital Limited has advised on other landmark Nigerian Equity Capital Markets transactions including the US$535 million Initial Public Offering of Seplat Petroleum on The Nigeria Stock Exchange and London Stock Exchange (2014) and c.US$ 209 million Rights Issue by Access Bank (2015). Thoughts and predictions for 2016 and beyond The Nigerian macro-economic environment has been challenging in recent times. It is anticipated that swift implementation of policies by recently appointed ministers may potentially influence outlook positively. The expected rebound in the economy should spur growth in corporate earnings, thereby encouraging increased domestic and international investor participation in the stock market. Overall, outlook for equity capital markets remains positive in the medium term, as companies will be looking to raise capital to meet regulatory requirements or drive future growth, consequently boosting primary and secondary market activities. Transaction Report OYINDA AKINYEMI Head o f Equ i t y Cap i t a l Mar ke t s a t Stanbi c IBTC Capi ta l Limi ted WINNER: Tel: +234 (0) 1 422 8121 Email: oyinda.akinyemi@stanbicibtc.com Website: www.stanbicibtccapital.com Capital