Olaniwun Ajayi (UK) LLP is pleased to announce its role as English legal advisers and transaction counsel to British International Investment (BII), the UK’s development finance institution and impact investor, on its US$30 million investment to Infrastructure Credit Guarantee Company Limited (InfraCredit) to support decentralised renewable energy projects across Nigeria.
The investment, which comprises a US$20 million local currency counter-guarantee in favour of InfraCredit and a US$10 million concessional term loan financing made available to Climate Finance Blending Facility (CFBF), a catalytic first loss multi-donor facility established by InfraCredit, aims to cofinance and mobilise additional funding from institutional investors to develop decentralised renewable energy projects in Nigeria, driving increased energy access and clean energy transition.
Olaniwun Ajayi LP also advised BII as Nigerian counsel, the transaction highlighting the strength of Olaniwun Ajayi’s seamless international offering and our strategic commitment to partnering with global stakeholders to advance renewable energy, sustainable development, and economic growth in emerging and developing economies.
The transaction team was led by Chuks Ibechukwu, Managing Partner of Olaniwun Ajayi (UK) LLP and included Yewande Senbore and Folake Alabi, both Partners in the firm’s Finance practice in Lagos, Juanita Derex-Briggs, a Senior Associate in the firm’s Finance practice in London, and Iffy Nnabuenyi and Zikoraifechukwu Ebenebe, Associates in the firm’s Finance practice in Lagos.