Greenberg Traurig Teams Assist Atlas Mara Co-Nvest Limited in its first Acquisition of Sub-Saharan African banking group BancABC for up to $265M

LONDON, April 11, 2014 /PRNewswire/ -- The international law firm Greenberg Traurig LLP assisted Atlas Mara Co-Nvest Limited (Atlas Mara) in connection with its first acquisition following its incorporation and listing on the London Stock Exchange (LSE) in December 2013.

Atlas Mara announced on 31 March that it had concluded agreements to acquire a majority of BancABC, a leading multi-country, multi-service bank with operations across the Southern African Development Community which is listed on the Botswana stock exchange, with a secondary listing on the Zimbabwe stock exchange. Atlas Mara also announced that it has entered into an agreement with ADC African Development Corporation AG (ADC), a Frankfurt based, open-market listed pan-African banking group, to make a voluntary public takeover offer for all outstanding ADC shares. The consideration being offered by Atlas Mara in the transactions equates to approximately $265 million in cash and Atlas Mara shares.

In December 2013, the firm, including its London team at Greenberg Traurig Maher LLP, represented Atlas Mara in its $325 million IPO on the LSE. A cross-office international team, comprising Alan Annex in New York, Andrew Caunt, James Mountain, Nick Quarrie, and Amy Moore in London; Donn Beloff and Brian Gavsie in Fort Lauderdale; and Jean Harris and Peggy Awtrey in Phoenix, led the offering, which started on 10 October 2013 and was completed in nine weeks.

Greenberg Traurig and Greenberg Traurig Maher LLP team on the M&A transactions comprised: Alan Annex in New York and Paul Maher,Henrietta Walker, James Mountain, Sarah Moyles, Nick Quarrie and Tom Esler in London.

About Greenberg Traurig, LLP

Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 1750 attorneys serving clients from 36 offices in the United States, Latin America, Europe, the Middle East and Asia. Greenberg Traurig is among the Top 10 law firms on The National Law Journal's 2013 NLJ 350, an annual ranking of the largest firms in the U.S. For additional information, please visit www.gtlaw.com.

About Greenberg Traurig Maher LLP

Greenberg Traurig Maher LLP has established itself in London as a multidisciplinary law firm, with over 40 lawyers and growing. The London office provides partner-led advice to domestic and international clients on a range of matters across the legal spectrum. Lawyers at Greenberg Traurig Maher advise U.K. and multinational clients operating in many different sectors, including chemicals, pharmaceuticals, life sciences, energy, real estate, financial services, automotive, retail and communications. For additional information, please visit www.gtmlaw.com.

Media Contact:
Lourdes Brezo Martinez| martinezl@gtlaw.com | 212-801-2131

GREENBERG TRAURIG, LLP | ATTORNEYS AT LAW | WWW.GTLAW.COM