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Private Equity | Helios signs $115.8 million agreement with Oando PLC
LAGOS, Capital Markets in Africa: Oando PLC ( Oando or the Group), an integrated oil and gas company headquartered in Nigeria, has announced the execution of a definitive agreement with a vehicle owned by funds advised by Helios Investment Partners LLP (Helios), to acquire 49% of the voting rights in Oando’s midstream business subsidiary, Oando Gas and Power Limited (OGP). The agreed transaction consideration of US$115.8mn is conditional upon the receipt of regulatory approvals and…
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