Selection of Financial Adviser(s) for the Divestment of AMCON’s Shareholding in Enterprise Bank Limited (Request for Proposal (“RFP”)) at Asset Management Corporation of Nigeria (AMCON)

Head Office

3rd Floor, Murjanatu House,

1, Zambezi Crescent

Off Aguiyi Ironsi Street

Maitama – Abuja.

Tel: 09-2780300

Lagos Office:

8th Floor, Mulliner Tower

39, Alfred Rewane

(Old Kingsway Road)

Ikoyi, Lagos,

Tel: (01-2773100-299

Asset Management Corporation of Nigeria

Selection of Financial Adviser(s) for the Divestment of AMCON’s Shareholding in Enterprise Bank Limited

Request for Proposal (“RFP”)

In August 2011, the Asset Management Corporation of Nigeria (“AMCON” or “the Corporation”) was invited by the Nigerian Deposit Insurance Corporation to capitalize three Bridge Banks it had created, namely Main-street Bank Limited, Keystone Bank Limited and Enterprise Bank Limited (or collectively “the AMCON Banks”).

AMCON currently owns the entire equity capital of the AMCON Banks and has commenced the process leading to the divestment of its shareholding in the three banks, starting with Enterprise Bank – a commercial bank, headquartered in Lagos, Nigeria, with 6 subsidiaries and a network of 145 branches.

AMCON is in the process of seeking proposals from leading Investment Banks for the provision of financial and transactional advisory services towards the divestment of its entire shareholding in Enterprise Bank.

Interested advisers must provide information indicating that they are qualified to perform this service Each interested party should submit a Proposal detailing the following, as a basis for selection:

  • Demonstrable Experience in similar transactions
  • Recommended Transaction Approach
  • Experience of key team members
  • Indicative timetable
  • Proposed fee structure
  • Potential conflicts of interest

AMCON now invites Financial Advisory Firms to respond to its Request for Proposals to act as Financial Adviser to AMCON on the divestment of its equity stake in Enterprise Bank. The RFP will be available on, and can only be downloaded from, AMCON’s website (http://www.amcon.com.ng/rfp-enterprise.aspx) from 12:00pm (Nigerian Time) on Monday, May 27, 2013.

Qualified International Financial Advisers or Investment Banks who are not registered by the Nigerian Securities & Exchange Commission (“SEC”) to provide this function, must form a consortium with an SEC registered Issuing House.

Selection of advisers will be according to the procedures and criteria outlined in the RFP. Proposals from Financial Advisers are to be received on or before 5:00pm (Nigerian Time) on Friday, June 7, 2013. Only selected advisers shall be notified of the outcome of the selection process

Mustafa Chike-Obi

Managing Director

Asset Management Corporation of Nigeria

To Download the Request for Proposal, Visit AMCON’S

Website: (http://www.amcon.com.ng/rfp-enterprise.aspx)

Board of Directors: Aliyu Kola Belgore, OFR (Chairman), Mustafa Chike-Obi (Managing Director)

 

Executive Directors: Mofoluke B. Dosumu, Hewett A.O. Benson, Abbas M. Jega.

 

Non-Executive Directors: Aruma Oteh, Danladi I. Kifasi, Kingsley Moghalu, Eniye Ambakaderemur; Umar Ibrahim

 

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