Gilles’ Capital Markets experience includes advising:

• Innodis Ltd, a public company, listed on the Stock Exchange of Mauritius on the structuring and listing of a MUR800 million fixed and floating rate bonds issue.
• Investec Bank (Mauritius) Limited in respect of the listing of Medium Term Note and Preference Share Programme on the Stock Exchange of Mauritius and on the Johannesburg Stock Exchange (JSE)*.
• Bhira Investments Limited (part of the Tata Group of companies) on a USD 450 million fixed to floating Rate Subordinated Notes for listing on international exchanges*.
• Lodha Developers International Limited on the issue of a USD 200 million Senior Notes issue*.
• FTG Holdings Limited, part of the FlameTree Group on the introduction of its ordinary shares on the Growth Enterprise Market Segment of the Nairobi Securities Exchange*.
• On the listing of Rockcastle on the primary listing of its shares on the Stock Exchange of Mauritius and on the secondary listing of its shares on the Alternative Exchange of the JSE*.
• On the listing of Astoria Investments Ltd on the primary listing of its shares on the Stock Exchange of Mauritius and on the secondary listing of its shares on the JSE*.
• Brainworks Capital Management Limited on the primary listing of its shares on the Stock Exchange of Mauritius*.

The following transactions showcase Gilles’ Acquisition Finance expertise where he advised:

• Atiko Group Ltd, as borrower in respect of the debt financing of USD 297 million for the acquisition of a French owned group of companies, including JA Delmas, the current distributor of Caterpillar equipment, operating in 11 West African countries.
• Natixis as Mandated Lead Arranger, Facility Agent and Security Agent for the benefit of a pool of lenders in respect of a Term, Capex and Revolving Credit Facilities Agreement for an amount of USD 724 million, granted to the borrower for the purposes of financing or refinancing amounts in connection with the acquisition of Energy Infrastructure Holdings S.à r.l.

On the General Finance front, Gilles has advised:

• The Mauritius Commercial Bank (MCB) in respect of a Revolving Credit Facility of USD 50 million, granted to Gateway Fund II, L.P, acting through its general partner, Gateway Partners II Limited as borrower.
• Ninety One SA (Pty) Ltd and The Emerging Africa Infrastructure Fund, as Mauritian local counsel, in relation to a debt financing of Paratus Group Holdings Limited for the purposes of financing was the group’s fibre optics business expansion in view of introducing reliable internet services across three sub-regions in Africa.

Gilles provided Debt Restructuring advice where he advised:

• Rand Merchant Bank on the debt restructuring to AttAfrica Limited and its shareholders involving a four parts financing for its commercial property assets across Ghana and Nigeria, including the Ikeja City Mall, Accra Mall, West Hills Mall and the Kumasi City Mall.
• Stanbic Bank Kenya Ltd and The Standard Bank of South Africa Ltd in relation to the full restructuring of a USD 98 million secured financings originally provided to Two Rivers Lifestyle Centre Limited for the development of the Two Rivers Mall in Kenya, being the largest shopping centre in East Africa.

Gilles has advised the following ESG clients:

• Inside Capital, a Private Equity Fund which invests mainly in ESG companies in the structuring of its investment in the largest recyclable paper waste aggregator and exporter in Mauritius.
• WeCycle Ltd, a leading paper waste collection and recycling company in the preparation, negotiation and execution of various waste collection contracts, joint venture agreements and technical agreements catering for the expansion of the activities in Mauritius.
• Inside Capital in structuring its investment in a leading Zambian company specialising in the recycling of plastic waste (PET).
• The main investor in structuring the capital injection and financing to the development of an ecologically sustainable PDS, which has one of its main goal as an ecologically sustainable development project, by integrating itself in its natural surroundings without creating any disruption in the cycle by taking full advantage of the freely available natural sources of energy.

Within the Energy sector, Gilles advised:

• The sponsors, a joint venture between the Sugar Investment Trust of Mauritius and the Qair group, on the setting up of the first wind farm in Mauritius, of a capacity of 10 MW*.
• Synnove Energy Corporation LLC on the setting up of a 12MW solar farm project in Mauritius*.
• On the initial structuring for a 14MW Waste to Energy project in Mauritius*.
• Reneworld Ltd, a leader in solar energy solutions in Mauritius on introducing hybrid (BESS) photovoltaic systems in Mauritius.
• A foreign EPC contractor on its proposed set up in Mauritius towards the implementation of a 100MWp hybrid (BESS) photovoltaic power generation project.
• SBM Bank (Mauritius) Ltd, on the proposed financing of the sponsor for a 100MWp hybrid (BESS) photovoltaic power generation project.

On the Hospitality front, Gilles advised:

• Newmark Hotels on the financing for the refurbishment of the Mystik hotel in Mauritius and establishing the management agreement.
• Grit Real Estate Income Group in respect of its financing and acquisition of 49% in a special purpose vehicle which holds 3 luxury hotels in Mauritius, initially owned by New Mauritius Hotels.