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Mergers and Acquisitions

  • Overview
  • Experience
  • Market recognition

IMMMA Advocates has a team of lawyers who offer clients legal support and practical solutions across all stages of mergers & acquisitions transactions, from preparing the business for sale or performing due diligence, to negotiations and preparation of the deal documents and closing the deal.

We also understand that closing a mergers & acquisitions deal is just the beginning and implementing post-transaction transition and integration of the operations of the resulting business is the key to a successful acquisition. For this reason, M&A affect other areas of corporate law such as employment, pensions, tax and corporate governance and our team includes practitioners with expertise in these areas of law to ensure that our clients are able to execute mergers & acquisitions transactions pre-deal to post-merger integration seamlessly.

Experience has included advising:

  • On the sale of a leading five-star hotel in Tanzania including drafting all transaction documentation i.e. share purchase agreements and all other memoranda of understanding, ancillary agreements required to give effect to the transaction, preparing and submitting the merger notification with the Fair Competition Commission (FCC) in order to secure clearance for the transaction and undertaking all necessary post-completion steps;
  • On the restructuring of two sister companies in the plastics and logistics industries resulting in the winding up of one company and acquisition of the assets by the surviving company;
  • An international distributor and seller of construction equipment and vehicles in the sale of its business and assets in Tanzania, including advising on the purchase and other transaction agreements, competition law and approval (including the merger application at the Fair Competition Commission) and implementing post-merger integration issues such as transfer of the sale assets, novation and assignment of contracts, transfer of employees and payment of employment benefits and pension issues, and corporate governance issues such as changes in directors, auditors and company secretary;
  • Auto Sueco Tanzania in the sale of its business and assets in Tanzania, including advising on the purchase and other transaction agreements, competition law and approval (including the merger application at the Fair Competition Commission) and implementing post-merger integration issues such as transfer of the sale assets, novation and assignment of contracts, transfer of employees and payment of employment benefits and pension issues, and corporate governance issues such as changes in directors, auditors and company secretary;
  • An international oil and gas exploration company in its acquisition of a working interest in a product sharing agreement over onshore exploration blocks which includes notification to the Fair Competition Commission, reviewing agreements to ensure that the same were in compliance with Tanzanian laws and obtaining all other necessary approvals for the implementation of the transaction;
  • An international insurance brokerage firm in the sale and transfer of its shares in Tanzania, including reviewing all sale documents governed by English law, advising and drafting the local law documentation and advising on competition and legal tax issues;
  • Puma Energy Holdings B.V. in its acquisition of 50% shareholding in BP Tanzania Limited; and
  • On obtaining the merger clearance for HTT Infraco, the largest telecommunication towers company, in acquiring telecommunication towers from the largest mobile operators in Tanzania including Vodacom Tanzania and Airtel Tanzania making it the single largest telecommunication tower operator in Tanzania.

Chambers and Partners Global (2020 – 2023)

Ranked Band 1 in General Business Law

Chambers Review says that IMMMA Advocates is a full-service law firm in Dar es Salaam with a prominent reputation at home and abroad, enhanced by its status as DLA Piper Africa's member firm for Tanzania. The group acts for a raft of high-end financial institutions, including investment and development banks, handling mandates ranging from regulatory compliance and corporate lending to loan restructuring and refinancing. It possesses further experience in M&A and frequently acts in commercial disputes.