Olaniwun Ajayi LP

Our Expertise -

Mergers & Acquisitions

Mergers & Acquisitions

Our Mergers and Acquisitions team has represented entities, principals, and financial advisors in numerous public and private transactions. We have a proven track record of success in many most complex deals in Nigeria over the past decades. Our lawyers advise at all stages of M&A, from due diligence through to final completion. We work closely with clients to understand their objectives and design effective strategies. Our areas of expertise include Private Equity, Mergers, Acquisitions, Demergers, Restructuring, Schemes of Arrangement, Internal and External Restructuring, and Amalgamation.

We played a pivotal role in multiple bank consolidation mergers and advised on the largest mergers in Nigeria. Notably, we advised Dangote Cement Plc in the ground-breaking merger with Benue Cement Company Plc, which at the time was the largest merger in Nigerian history. The transaction reshaped the Nigerian Capital Market, adding NGN2.1 trillion to the market and representing 25% of the Nigerian Stock Exchange’s total market capitalisation. Transactions like these demonstrate our ability to go beyond traditional legal advisory, driving deals forward and empowering clients to achieve their strategic business objectives.

Insights

Understanding Key Developments in Nigeria’s M&A Sector in 2025

The Nigerian M&A and private equity market has shown resilience despite economic volatility. In H1 2024, 38 deals worth $2.89 billion were recorded, a sharp increase from $751 million across 40 deals in H1 2023. However, capital importation fell 51.9% in Q3, reinforcing the need for strategic deal structuring and regulatory compliance. Key Legal Considerations for M&A Transactions How Banking Recapitalization is Reshaping M&A ActivityThe CBN’s recapitalization deadline (March 31, 2026) is driving mergers, acquisitions, and s...

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