Bloomfield Law Practice Advises Purple Capital Partners Limited on US$12.5 Million Funding Received from Vantage Capital
Bloomfield Law Practice (“Bloomfield”) recently advised Purple Capital Partners Limited (“Purple”), a topmost real estate company in Nigeria and the promoters of the Maryland Mall, Ikeja, in connection with a US$12.5 million funding advanced to Purple by Vantage Capital (“Vantage”), one of Africa’s major mezzanine fund managers (the “Transaction”).
The Transaction is a product of Vantage’s Fund III (a US$280 million fund), and further underscores Vantage’s core objective of fostering diversification into Sub-Saharan and Western African economies.
Bloomfield’s team on the Transaction was led by Adedoyin Afun (Partner) and he was assisted by Ebele Ikpeoyi, Bode Adegoke, Kelvina Ifejika, and Demilade Omisore.
Adedoyin Afun said “We are glad to have supported the Purple team on this landmark transaction. A cross-border transaction such as this reassures and confirms investor confidence in the viability of the Nigerian market as well as the future of the Purple group”.