Invitation for Expression of Interest (“EOI”) for the Sale of an Air-Conditioning Assembly Factory at PanAfrican Capital Plc

1.) Introduction
Our client - a licensed wholly owned indigenous manufacturing Company, producing Air-conditioners, Refrigerators and Freezers through the importation of CKD components from its foreign technical partners is looking to sell its factory in a strategic move to enable it focus on other aspects of its business.

The client has been in business for close to three decades and has secured key technical partnership with notable foreign firms in the Air-conditioning and Refrigeration industry.

2.) Requirements for the EOI
The interested applicants should indicate their interest by providing the following documentation and information:
a. Description of the Bidder’s background and proposed bid vehicle including:

• Copy of Certificate of Incorporation (Forms C02 and C07).
• Full Name and Nationality (the country of registration) of the company and the contact person, postal address, telephone number(s) and E-mail address.

b. Company Profile must include:

• Organizational structure and Curriculum Vitae of key professional staff with relevant experience in the sector;
• List of the Company’s Directors, their individual addresses, phone numbers and Curriculum Vitae.
• Evidence of Company’s Audited Account for 2009, 2010, 2011 & 2012.
• Corporate Structure.
• Shareholding Structure.
• Details of quotation on any stock exchanges (if any). Proposed place of incorporation (if Special Purpose Vehicle (SPV). If bidding group in an SPV, detailed information on each prospective investor and their proposed shareholding must be provided together with an affidavit or MOU supporting this.
• Relationship to any parent or holding company, incorporated or otherwise.

3.) Submission Procedure
Interested Bidders are requested to submit the EOl in accordance with the following procedures:

• An authorised representative(s) of the Bidder’s firm must initial all the pages of the EOI. The representative(s) authorization must be confirmed by a notarised power of attorney accompanying the EOI.
• An original and two (2) other copies of the Expression of Interest shall be delivered in a sealed envelope clearly marked “EOI Core Investor Sale” at the top right hand corner and delivered to the address below or emailed to Eric Okoruwa not later than 6.00 p.m on any working day, 20th March, 2013.

The Managing Director/CEO
PanAfrican Capital Plc
8a, Elsie Femi Pearse Street,
Victoria Island,
Lagos.

Attention: Eric Okoruwa
Head, Investment Banking Division
erk.okoruwa@panafricancapitalplc.com
+234(1)2704943, 2716894, 08077994794