DLM Advisory Partners, a subsidiary of DLM Capital Group, emerged winner of the award for the Best Deal Advisor of the Year 2019, at the seventh BusinessDay Banks and Other Financial Institutions Award (BAFI), held in Lagos.
The BAFI Awards is organised by BusinessDay Media to celebrate excellence and innovation within the Nigerian financial services sector.
The Deal Advisor of the year award won by DLM Advisory Partners was due to its role in advising Primero Transport Services Limited in its capital raising of N16.5 billion, 7-year bond with a fixed semi-annual coupon of 17 percent. This was a deal viewed as complex and challenging, however, DLM Advisory Partners was able to proffer the best financial advice, using its securitisation financing mechanism and expertise.
Securitisation is a new financing technique in the Nigerian financial market, and can only be executed by financial institutions with creativity and in-depth expertise. DLM Advisory Partners has proven by this award to be a market leader in providing securitisation financing solutions; being the only financial institution to have successfully executed this mechanism in the Nigerian market.
Commenting on the award and DLM’s role in the Primero deal, Sonnie Ayere, CEO, DLM Capital Group, said, “DLM is glad to be able to assist Primero raise funds to increase the number of its buses in Lagos. We feel the pain of commuters in Lagos and we are glad to have designed a solution that has in no small measure helped to ease the movement of Lagosians and Nigerians at large.
“I want to further emphasise that DLM Capital Group is a developmental investment bank that supports economic and social development, with the aim of driving GDP growth and impacting everyday lives. We thank BusinessDay for recognising the work we do and we will continue to be innovative in providing financial solutions that have developmental impacts.”
The BAFI 2019 award was well attended by top financial players, industry leaders and key stakeholders in the Nigerian financial sector.
DLM is a full-service investment house with a global focus. A stand-alone institution that combines the attributes of origination: (corporate finance and advisory, capital raising and securitisation), distribution (mainly institutional sales to domestic and international investors), trading (equities, fixed income, currencies and energy), setting up and investing broad range of developmental vehicles. The institution also provides research services to companies, sovereign and sub-sovereign markets in both domestic and international spheres.
