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Clifford Chance advises Actis on its majority investment in Nigeria's Sigma Pensions

1 December 2015

Clifford Chance advises Actis on its majority investment in Nigeria's Sigma Pensions

International law firm Clifford Chance has advised Actis on its majority investment in Sigma Pensions, a leading Pension Fund Administration business in Nigeria.

The deal puts Actis in prime position to enter the underpenetrated Nigerian pensions industry. Actis is one of the biggest financial services investors in Africa with over $570m invested in the sector; over $1 billion invested in financial services globally and c. $3 billion invested across African businesses overall.

The Clifford Chance team advising on the deal was led by Spencer Baylin (Head of Emerging Market Private Equity) with support from John Coleman, Martin Kolmar and Temple Uchegbune.

This year, Clifford Chance has acted on a record number of M&A deals in Africa, with the Sigma Pensions transaction being one of sixteen in Nigeria alone.