Sefton Fross has advised TLG Credit Opportunities Fund (Cayman) – an open-ended debt vehicle, on its US$11.5Million (Eleven Million Five Hundred Thousand Dollars) investment in Grace Lake Partners, a Nigerian marketing communication, investment and advisory services provider.
The new capital will be used to fund expansion of GLP’s existing businesses. This includes expanding the geographical footprint of its outdoor advertising portfolio company Horizon Outdoor Advertising, across Nigeria. Horizon Outdoor Advertising was re-branded as JCDecaux Nigerian Outdoor Advertising Limited following a partnership with France-based outdoor advertising company JCDecaux Subsaharan Africa Proprietary Limited.
Sefton Fross’ advisory role on the transaction included conducting the legal due diligence on all nine (9) subsidiaries of Grace Lake Partners and (in conjunction with Anthem Advisory) preparation and negotiation of transaction documents.