Olaolu Akerele

Associate, London

Biography

Overview

Olaolu is an Associate in the Firm's Debt Finance practice group based in the Firm's London office. Olaolu has experience advising alternative capital providers, major financial institutions and private equity sponsors on cross-border finance transactions.

Prior to joining the Firm, Olaolu worked in the market-leading leveraged finance team at a Magic Circle firm. He qualified in Nigeria and practiced banking and finance law at a leading commercial law firm in Nigeria, before going in-house as General Counsel at a Family Office based in Lagos.

Bars and Courts
England and Wales
Nigeria Bar
Education
MBA
IE Business School
GDL
City University London
BSc (Hons) Chemistry
University of Manchester
Languages
English
Yoruba

Experience

Representative transactions include:

  • Acting for HungryPanda (the leading global food delivery business for the Chinese speaking market) as borrower in relation to the €43million financing for the acquisition of the online food delivery business of EASI Global Limited in Australia, China and the UK.
  • Acting for InfraNode II AB as borrower on a €240million uncommitted revolving facility with Goldman Sachs International Bank.
  • Acting for Alberta Investment Management Corporation (AIMCo) and 17 Capital as Lenders in relation to a €150million NAV fund finance facility to Hg Mercury 2 SumoCo Limited (a borrower SPV of Hg Capital).
  • Acting for Owl Rock Capital Advisors LLC and Barclays Bank plc (amongst others) as Lenders in relation to a £455million NAV fund finance facility to Hg Saturn LuchaCo Limited (a borrower SPV of Hg Capital).
  • Acting for Helios Investment Partners in relation to the US$7 billion LNG regasification project in Tema, Ghana.
  • Acting for JPMorgan Chase Bank, N.A., London Branch as Lender in relation to a €75 million unsecured bridge facility for Banque Ouest Africaine de Développement ("BOAD") for general corporate purposes.
  • Acting for Nordea Bank Abp as the exclusive arranger and underwriter on the financing arrangements for the planned combination of Cargotec Oyj and Konecranes Oyj.
  • Acting for SPIE on the sale of SPIE UK's mobile maintenance activities to Rcapital Partners LLP.

Prior to joining the Firm:

  • Acting for Exponent Private Equity in connection with the £150 million unitranche financing by Pemberton for the dual acquisition of TRS Foods and East End Foods wholesale businesses.
  • Acting for HPS Investment Partners, Barings and Apollo, amongst others, in connection with the £550 million senior debt arrangements for the refinancing of existing facilities and part-purchase price for the acquisition of Boston Holdco A Limited and its subsidiaries.
  • Acting for Blackstone Real Estate Debt Strategies (BREDS) as lender in connection with the £200 million holdco PIK dividend recap facility for Center Parcs UK.
  • Advising Warburg Pincus in connection with a $175 million margin loan facility.
  • Acting for The MLAs (including Goldman Sachs, Barclays and Credit Suisse amongst others) in connection with PAI Partners' €583 1st and 2nd lien acquisition financing of Asmodie Group.