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Greenberg Traurig Teams Assist Atlas Mara Co-Nvest Limited in its first Acquisition of Sub-Saharan African banking group BancABC for up to $265M

LONDON (9 April 2014) -- The international law firm Greenberg Traurig LLP assisted Atlas Mara Co-Nvest Limited (Atlas Mara) in connection with its first acquisition following its incorporation and listing on the London Stock Exchange (LSE) in December 2013.  

Atlas Mara announced on 31 March that it had concluded agreements to acquire a majority of BancABC, a leading multi-country, multi-service bank with operations across the Southern African Development Community which is listed on the Botswana stock exchange, with a secondary listing on the Zimbabwe stock exchange.  Atlas Mara also announced that it has entered into an agreement with ADC African Development Corporation AG (ADC), a Frankfurt based, open-market listed pan-African banking group, to make a voluntary public takeover offer for all outstanding ADC shares. The consideration being offered by Atlas Mara in the transactions equates to approximately $265 million in cash and Atlas Mara shares.

In December 2013, the firm, including its London team at Greenberg Traurig Maher LLP, represented Atlas Mara in its $325 million IPO on the LSE.  A cross-office international team, comprising Alan Annex in New York, Andrew Caunt, James Mountain, and Amy Moore in London; Donn Beloff and Brian Gavsie in Fort Lauderdale; and Jean Harris and Peggy Awtrey in Phoenix, led the offering, which started on 10 October 2013 and was completed in nine weeks. 

Greenberg Traurig and Greenberg Traurig Maher LLP team on the M&A transactions comprised: Alan Annex in New York and Paul Maher, Henrietta Walker, James Mountain, and Sarah Moyles  in London.