Herbert Smith Freehills Kramer advises Airtel Africa plc on IPO

Herbert Smith Freehills Kramer has advised long-standing client Airtel Africa plc, the majority shareholder of Airtel Mobile Commerce N.V. (known as Airtel Money) the African digital financial services platform, on its initial public offering.

Airtel Money's shares were admitted to the Equity Shares (Commercial Companies) category of the Financial Conduct Authority's Official List and to trading on the Main Market of the London Stock Exchange earlier this month.

The HSF Kramer team was led by partner Gareth Sykes and of counsel Thomas Vaughan with tax advice provided by partner Howard Murray and senior associate Dawn Scott.

The firm previously advised Airtel Africa on minority investments in Airtel Money from TPG, Mastercard, the Qatar Investment Authority and Chimetech Holding for a total consideration of US$550 million which were led by Airtel Africa relationship partner Alan Montgomery and M&A partner Roddy Martin.