Investment Banking

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Investment Banking

MorganCapital has In the past 15months (up to March, 2013), participated in fund raising programs that assisted State Governments in Nigeria to raise over N110bn in Bonds (either as Issuing House/Stockbrokers/Placement Agents). We have also assisted numerous private sector organizations in accessing funds from the Capital Market. Our firm has very strong contacts with many African-focused & emerging markets investors/fund managers.

We have advised on a number of transactions in the Nigerian Capital Market, including provision of Financial Advisory Service to the Federal Government of Nigeria, through the Bureau of Public Enterprises ("BPE") for the concessioning of the National Arts Theater, the Tafawa Balewa Square, the Lagos Trade fair complex and the 6 National Stadia. MorganCapital also advised the BPE on the proposed sale of the Ijora Power Plant, the Calabar Power Plant and the Oji River coal-fired power plant.

Financial & Transaction Advisory

Our major strength is the provision of bespoke financial advisory services to our clients.

Our Financial Advisory teams provide services in the following areas:

  • Funding/Capital Structure Optimisation
  • Privatisation Advisory
  • Spin-Offs, Divestitures & Strategic Sales
  • Management Buy Outs
  • Mergers & Acquisitions (M&A)
  • Market entry strategy & Business Plan development

Fund Raising: Debt Capital Market (DCM)

Our debt financing teams focus on originating, structuring, executing and syndicating debt/debt-related financings for domestic and multinational corporations, and public sector entities.

MorganCapital's DCM team provides the following services:

  • Advising on the best financing strategies & structures to address our clients' debt and debt-related financing needs both in the near and longer term
  • Ensuring the best execution in a timely manner

Our service offerings in the DCM include the following:

  • Investment Grade Structures
    The Investment Grade Capital Markets team advises MorganCapital's clients that currently have or are seeking to receive a credit rating on their debt issuance. Through the application of credit enhancement and innovative structuring we work with our clients to create an Investment grade instrument that minimizes their borrowing costs. The products we advise on range from straight debt, hybrid, derivative and equity-linked products.
  • Leveraged Finance and High-yield Capital Markets Our Leveraged Finance & High-yield team provides financing solutions for non-investment grade clients. The team originates, structures and executes debt financing on products that include: high-yield bonds, leveraged loans, bridge financing and mezzanine debt.
  • Bank Loan & Syndications Capital Markets Our Bank Loan & Syndications team specializes in helping clients raise capital from the loan market. The team focuses on pricing and syndicating leveraged bank loans, which is a major component of most leveraged financings. The team acts as an independent central point of contact between clients and the bank loan market. Our clients have come to realize the capability of MorganCapital to help secure the best pricing for their bank loans; which is largely due to our non-bank affiliation and independence.

Fund Raising: Equity Capital Market (ECM)

MorganCapital's Equity Capital Markets team originates, structures and executes both public and private equity, as well as equity-linked solutions on behalf of our clients. All our ECM engagements are structured to have strong financial advisory input to ensure the best deal structure for our clients.

MorganCapital's ECM team provides the following services:

  • Advising on the best financing strategies to address our clients' equity and equity-lined financing needs
  • Ensuring the best execution in a timely manner

Our service offerings in the ECM include the following:

  • Private Placements
    MorganCapital helps companies to raise equity through private placements which are well structured to benefit the client but are sufficiently attractive to secure investor funding. Our major targets are:
  • Private companies who wish to raise equity capital while remaining private
  • Early stage companies with strong management and in very promising industry sectors who wish to raise growth capital but are not yet ready for a public listing
  • Growth phase companies who wish to raise capital with the intention to convert to a public company and seek a listing on a Stock Exchange in the medium term (Pre-IPO deals)
  • Public companies who wish to issue private securities

Straight Equity and Equity-Linked Solutions

MorganCapital helps corporations to raise equity capital either through a public offer for subscription, a rights issue or a combination of a public offer and rights issue.

Equity Derivatives, Share Buy-backs & Repurchases

MorganCapital also assists clients in the structuring and execution of derivative securities, including structured share repurchases and complex primary market transactions designed to meet specific client needs.

Project Finance and Structured Products

All our structured products are domiciled either in the DCM or the ECM, but they are designed to meet the specific needs of our clients. Our major strength is the ability to structure a deal that would meet the client's needs, and at the same time be palatable to the prospective investors.

An Overview of ASEM

The Alternative Securities Market (ASeM) is a specialized board of The Nigerian Stock Exchange (NSE) for emerging businesses with high growth potential. ASeM provides smaller companies the opportunity to access the capital market and raise long-term capital through more flexible listing rules and requirements. There are no limits to the amount of capital your company can raise on ASeM, as long as it is in line with other regulatory requirements, such as those of the Corporate Affairs Commission (CAC) and the Securities and Exchange Commission (SEC).

There are 12 sectors featured on this board as follows: Agriculture, Construction/ Real Estate, Consumer goods, Financial Services, Healthcare, Industrial goods, Information & Communications Technology, Natural Resources, Oil & Gas, Services, Utilities and Conglomerates It is a compulsory requirement for all companies listed on ASeM to have a Designated Adviser (DA). MorganCapital has been accredited as a Designated Adviser to the ASeM Board.

Private Equity & Principal Investment

We seek top of the range, well structured investment opportunities in companies that have very reputable management, in a growing sector of the economy.

We are currently looking for deals in the following areas:

  • Financial services (Insurance, Banking & Mortgage)
  • Transportation
  • Real estate, Infrastructure & Utilities (Power, Roads, Bridges, Water, Waste, etc)
  • Solid Minerals
  • Our minimum deal size is N500m.

Asset Management

Our seasoned professionals monitor your investments to grow your wealth and add value in the most efficient manner. Our culture of investment in fundamentally driven stocks and our efficient portfolio diversification strategy will ensure the safety of investors' funds and outstanding returns on investment.