Rajiv Gujadhur

Rajiv Gujadhur

Moka, Mauritius
T: +230 5251 7105
E: rajiv.gujadhur@bowmanslaw.com
  • Overview
  • Experience
  • Publications & Insights


Since 2010, Rajiv has advised extensively on corporate and commercial matters whilst acting regularly within the financial services regulatory space, including advisory work on the set up of investment funds, as well as corporate restructurings and insolvency related work. He has advised financial institutions and clients on transactions for an aggregate value exceeding USD 25 billion, principally on Africa bound investments but also in relation to the European and Indian markets.

Rajiv specialises in corporate and financial services regulatory laws. His experience and knowledge of cross-border M&A and corporate restructurings, as well as the legal and commercial insights in structuring investments through Mauritius, makes him a trusted adviser to clients including the Essar Group, AgDevCo, Standard Bank of South Africa, XSML Partners, or Grofin. He has proven people management skills and led several assignments over the years with the invaluable support of long-standing members of his team.  


  • Bachelor of Laws (LLB) (Hons), University of Buckingham
  • Master of Laws (LLM), International Commercial Law, University of Kent

Professional Memberships

  • Member of the Mauritius Bar Association; and
  • Member of the Honourable Society of Lincoln’s Inn, United Kingdom.

Specialist Services

Relevant Experience

Jurisdictions worked in: Mauritius, secondments in South Africa and England
Languages fluent in: English and French, conversational Hindi

In 2022, Rajiv advised on the following Mergers & Acquisitions and Private Equity transactions:

  • clients such Johnson & Johnson Impact Ventures, MyDawa Limited, Standard Bank of South Africa Limited on the corporate and regulatory implications of their proposed acquisitions, highlighting to the clients, as part of their decision-making process, the risks and impediments applicable to the transaction from a Mauritius legal perspective.
  • Development Partners International (DPI) on their investment in the Mauritius holding vehicle of the Cofina Group, by way of debt, advising on the rules applicable as a matter of Mauritius laws on such investments and the enforceability of the principal terms of the transaction, including the security package contemplated.
  • Equinix (UK) Limited, a data center and co-location infrastructure provider in the acquisition of Main One Cable Company Ltd (the Target), a Mauritius holding entity with operating subsidiaries in Africa and Europe, through advisory work involving regulatory approvals and providing general transactional support in relation to the proposed acquisition.
  • Hypergrowth Invest Limited (HGI), which intended to carry out investment holding activities in the fintech, healthtech, edtech and agtech sectors across Africa. Having assisted on the set up of HGI, advised on and identified scope for potential additional protection or improvements to the terms of the proposed investments by HGI in portfolio companies.
  • AgDevCo, on an unsecured mezzanine loan facility to a group of companies, with their holding company incorporated in Mauritius. In addition to the assistance on a due diligence exercise on the counterparty established in Mauritius and advising on the regulatory implications of the proposed investment, providing transactional support and assisting on the completion of the transaction.
  • On the set up and closings of African Rivers Fund III LP (the Fund), a limited partnership under the laws of Mauritius and authorized as a closed-end fund, as well as the General Partner and Manager of the Fund, being XSML Capital III Ltd, and XSML Partners Holding Ltd respectively, advising on the negotiations with investors, as well as the corporate and regulatory implications of such investments.

In 2022 and 2021, Rajiv advised on the following Financial Services matters:

  • EKADA Capital Ltd, a licensed CIS Manager, Investment Adviser and distributor of Financial Services Licence in Mauritius on issues involving corporate governance in the context of its regulatory as well as commercial obligations towards its regulator and clients.
  • TIA Capital Management (TCM), holder of a global business licence and licensed as a CIS Manager and Investment Adviser, on the implications of failure to commence operations within a set timeframe and the implications from a regulatory perspective on its licences.
  • TrueScale Venture Growth Fund I Ltd (the “Fund”), a venture growth fund involved in series B/C investments, on the setting up of an SPV with certain co-investors and serving as a parallel vehicle to the Fund. The scope of work involved advising on the terms of the investment and the structure through which the Fund would invest, such investment being subject to the future closing of the Fund.
  • Muhabura Capital Ltd (the Company), holder of an investment banking licence, on the review, drafting and amendments of the documents of its Investment Dealer Unit, from a legal, regulatory and commercial perspective.

Insolvency, Capital Markets, Corporate Restructurings


  • Advised GroFin Africa Fund, a limited life company incorporated in Mauritius and in administration, on the steps that may be taken with respect to exiting shareholders, whilst protecting their interests upon realisation of the assets of the company.

Capital Markets

  • Advised the African Development Bank on its listing on the Stock Exchange of Mauritius of depository receipts.

Corporate Restructuring

  • Advised Grit Real Estate Income Group Limited (Grit), a pan-African impact real estate company. The restructuring comprises of Grit exiting its interest in Beachcomber Hospitality Investments Ltd (BHI), a hospitality property company which was set up as a business venture between New Mauritius Hotels and Grit.


‘Listening skills, reachable and available for meetings, service with a smile despite any challenging situation.’ – IFLR1000, 2022

Publications & Insights