The World Health Organization (WHO) recently declared the coronavirus (COVID-19) as a pandemic. As the number of novel coronavirus (COVID-19) cases continues to climb, and health officials consider the means of counteracting its spread, investment professionals in East Africa are keen to understand the impact this outbreak may have on their firms and portfolio companies, and what measures they should consider taking to potentially mitigate that impact.

As investors and businesses attempt to navigate these unprecedented times, the East Africa Private Equity and Venture Capital Association (EAVCA) invites you to a webinar series exploring what it takes to continue performing through uncertainty.

To launch this series, EAVCA will initially host a two-part web panel titled “Doing Deals in Uncertain Times: Insights on COVID-19 Disruption” that will bring together the perspectives and counsel from leading regional advisors.

Part 2 will be hosted on Thursday 2 April at 11.00am (EAT) covering the following key issues:

  • Emerging opportunities for private equity and venture capital amidst the panic
  • Cash flow and liquidity for COVID-19 resilience
  • Negotiating losses in times of crisis
  • Strengthening supply chains in East Africa in the face of COVID-19 disruption
  • Best Practices in PE and special situation strategies.

Please contact esther@eavca.org for further information.

Registration for this webinar is now closed.  You can access the webinar on YouTube LIVE via this link.

 


 

Speakers

Kanini Mutooni

Kanini Mutooni – Managing Director – Toniic Network (Europe, Middle East & Africa) – Moderator

Kanini Mutooni is the Managing Director of Europe, Middle East and Arica for Toniic, the global action network for impact investors representing $18bn in private assets. Prior to this appointment, Kanini was the Director for Investment at the USAID-funded East Africa Trade and Investment Hub, a $65m, 8 country initiative to attract investment and increase trade in the East Africa region.

She is a UK Chartered Accountant with a record of exceptional leadership gained in East Africa, Europe and the United States. She is currently Board Chair of The Global Innovation Fund, a $250m investment vehicle supported by the UK, US, Canadian, Australian and Swedish Governments. The fund deploys both grants and risk capital for innovations in emerging markets that impact those living on $5 a day (and below) with a focus on Food and Agriculture, Healthcare, clean energy and Fintech.

Kanini has worked at Board level in leadership positions at investment banks in London and US, such as Bank of America-Merrill Lynch and Dresdner Kleinwort Benson. In 2014, she was recognized by the World Economic Forum as a Young Global Leader for her exceptional leadership in business, the health sector and global entrepreneurship. She continues to provide strategic investment advice for a number of Africa focused impact funds such as the $150m African Agriculture SME Fund and the $30m AHL Venture Fund. She was recently appointed as an advisory board member for Union Bank Privee’s (UBP) first listed equities impact fund UBAM.


Paras Shah

Paras Shah – Partner, Bowmans

Paras Shah heads the Projects & M&A team of Bowmans – a leading pan African law firm – office in Nairobi. He is an English qualified Solicitor and a Kenyan Advocate – with over 22 years of experience.

Paras is one of the leading corporate & commercial lawyers in Kenya who has advised on some of the most important transactions in the private and public sectors in recent years. His practice areas include corporate and commercial law, banking and finance, privatisation, capital markets, mergers and acquisitions and real estate. Paras has advised on some of the largest M&A and PE deals in East Africa – both investments and exits and advising sponsors as well as PE funds.

Paras has numerous citations from IFLR 1000 (leader in the field of corporate and commercial work, real estate, finance and privatisation), Legal 500, PLC Which Lawyer? and Chambers Global (Tier 1 since 2014). He was also awarded the International Law Office (ILO) Client Choice Award for best corporate counsel in Kenya (2010, 2011 and 2019). In the leading Chambers Global Rankings – he has obtained a tier 1 rating in both corporate commercial and banking and finance for several years”.


Ananya Sengupta

Ananya Sengupta – Head of Transactions Advisory, PWC

Ananya Sengupta is a Corporate Finance / M&A expert with over 20 years of professional experience including investment and development financing

She currently heads PwC’s Transactions Advisory business in East Africa, having re-joined the firm in September 2018 to take on this role. She previously spent over 11 years in PwC up to 2012, the last four of which were as Director, leading M&A advisory services in the Sub-Saharan Africa region. Her responsibilities involve advising clients, mainly PEs an corporates, across the deal cycle, including deal strategy and origination, structuring, due diligence, valuation, negotiating and closing, and helping clients create value from their transactions. She has advised on a number of transactions, mainly in the Consumer & Industrial Products & Services and Financial Services sectors.

Between her two stints at PwC, she spent 6 years in IFC’s Manufacturing, Agribusiness and Services (MAS) Department where for the first four years she was responsible for identifying, evaluating and closing investment transactions (debt, equity, mezzanine) for IFC in Sub-Saharan Africa, and for the next two years focussed on portfolio management.

She has previously worked with Tata Consultancy Services (the largest global IT services provider) and Lazard India Limited (an investment bank), both in India.
She qualified with a Bachelor of Engineering in Electronics and Telecommunication from the University of Pune in India, and went on to do a post graduation in Business Administration (MBA) with a dual specialisation in Finance and IT.


Charles Makori Omanga

Charles Makori Omanga – Managing Principal, Horizon Africa Capital Ltd

Charles co-founded Horizon Africa Capital Ltd (“Horizon”) a boutique mergers and acquisitions (M&A) advisory firm based in Nairobi in January of 2010. The Company was the first African Partner of Global M&A and covered seven sub-saharan countries.Over time Horizon Africa has developed a solid reputation for its professional service and is ranked amongst the top advisory firms in East Africa. Horizon has executed equity transactions in excess of USD$ 400 Million and debt transactions in excess of USD$ 1 billion regionally. Charles has led and closed complex acquisitions, capital raisings and mergers in financial services, healthcare, energy and manufacturing.

In addition, Charles is also an advisory lead at Horizon and is involved in significant project finance transactions. He has been called upon by several large private firms and listed NSE companies to independently lead the thinking on their expansion and financial plans.
Charles was appointed by His Excellency the President of Kenya to the Board of the Kenya Revenue Authority (“KRA”) as an independent board member in May 2018, a great honor to him and his family. At KRA Charles serves on the Finance committee of the board.

As a non-executive, Charles has also served in various boards in financial services including banking and stockbrokerage.

Prior to Horizon Africa, Charles worked in senior capacities at Citi, Barclays (now ABSA) and Stanbic Bank.


Nigel Smith

Nigel Smith – Head of Strategy & Deal Advisory – EA , KPMG

Nigel has been a full time Debt Advisor and Restructuring specialist for over 25 years. He is proven at leading teams and also external stakeholders and agents/advisors in complex and high profile situations.

Nigel was Head of NatWest’s “workout” team and a member of the Bank’s Credit Committee before joining KPMG’ London Restructuring Team in 2001. He was seconded to KPMG UAE in 2011 and joined KPMG East Africa in December 2015 as Head of Debt Advisory, Turnaround & Restructuring. He was promoted to Head of Strategy and Deal Advisory in 2019. He leads our Financial Institution offering and specializes in Due Diligence and Market entry studies across East Africa. He has, over the past two years, undertaken in excess of 15 DD projects acting on behalf of buy-side clients and 7 sell side transactions.

For over 20 years Nigel has extensively advised the Boards of FTSE 350 companies, as well as financial institutions, and has specialized in assisting boards understanding, structuring and raising new finance. He advises group’s across the spectrum including strong “credits” and also companies in distress. His experience include helping financial institutions dealing with stressed assets and NPLs along with exit strategies as well as turnaround / restructuring of portfolios and individual assets.

Nigel has numerous contacts within the banking market, across Europe, GCC, East Africa and globally. With his banking background, Nigel advises businesses in their negotiation with banks to ensure that the proposal gains the support of the lenders’ Credit Committee. Lenders also look to Nigel for support with restructuring clients and when seeking Credit Committee approvals for new lending opportunities.
Nigel has led some of the largest high profile cases across the globe (UK, Switzerland, Dubai, Abu Dhabi, East Africa).