Harneys advises Tapir Holdings Ltd. on its admission to AIM
Tapir is a strategic investment company. Its current sole asset is its 10.04 per cent equity stake (net of treasury shares) in Rendeavour Holding Limited. Rendeavour is a leading investor in East and West African urban development projects and is one of the largest diversified pan-African land platforms, focussed on providing high quality infrastructure, planning and urban management to create satellite cities in East and West Africa.
As at 31 December 2024, Rendeavour had majority ownership of companies with interests in investment properties with an aggregate fair value of approximately US$3 billion, as valued by independent external valuers for the Rendeavour Board of Directors, and reviewed and adopted by the Rendeavour Board of Directors in the accounts of the company for that year.
Tapir’s investment strategy will include potential further investments in Rendeavour and also in other related and unrelated development projects or quoted and unquoted companies with suitable synergy across Africa.
The Harneys team was led by Counsel Thomas Dugdale, who provided BVI law advice, assisted by Partner Mary Ward, who provided Bermuda law advice.
The Corporate team at Harneys advises on complex cross-border transactions involving British Virgin Islands, Bermuda, Cayman Islands, Cyprus, Jersey, and Luxembourg corporate vehicles. The team’s significant track record includes advising on high-profile private equity transactions, landmark IPOs, as well as public and private M&A and joint ventures.
