Charles Russell Speechlys advises Mirova on its $20 million debt funding to ManoCap Energy
Charles Russell Speechlys has advised Mirova, which aims to provide debt support to SMEs that generate and provide clean energy, primarily in Sub-Saharan Africa and South East Asia, on its $20 million debt funding to ManoCap Energy, a West Africa renewable energy specialist.
This deal will allow ManoCap to expand its commercial and industrial scale solar business in its key markets in Ghana and Sierra Leone and into neighbouring countries while contributing to the development of renewable energy solutions in West and sub-Saharan Africa.
John Kimotho, Investment Director, Mirova, commented:
“It was a delight to work with Danny, Megan, Emmanuel and the rest of the Charles Russell Speechlys team on this deal. Their knowledge and insights in the region were invaluable throughout the whole process. We are excited to be supporting ManoCap in their continued expansion.”
Adrian Mayer, Corporate Partner, commented:
“We are thrilled to have worked with Mirova, whose commitment to sustainability mirrors our own, on this significant deal and we look forward to seeing how this deal contributes to the development of renewable sustainable energy in the region. This deal is a great example of the capacity and expertise of our Africa focus group.”
The team was led by Danny Sullivan and Emmanuel Wiafe from the Banking & Finance team, with support from Leigh Stimpson. The wider team included Adrian Mayer (Corporate), Megan Paul, Rachel Bell and Henry Cuthbert (Commercial).
Local law advice was provided by Macauley, Bangura & Co. (Sierra Leone), N.Dowuona and Company (Ghana) and C&A Law (Mauritius).
