NIGERIA: Chapel Hill Denham Restructures Mutual Funds

Chapel Hill Denham Management Limited, the asset management arm of investment banking group, Chapel Hill Denham, has announced plans to merge two of its longest running Mutual Funds, The Nigeria Global Investment Fund (‘NGIF’) and the Chapel Hill Denham Millennium Fund (‘CHDMM’).
Chapel Hill Denham management in a statement yesterday said the merger is expected to bring about increased efficiency in terms of operating costs and better professional management while also allowing for a wider inclusion of the investing public.
It stated that the restructuring plans will be presented to unit holders at its forth coming Extra Ordinary General Meeting (EGM) holding on Thursday this week in Lagos.
Group CEO of Chapel Hill Denham, Bolaji Balogun, said the company is committed to ensuring that stakeholder’s interests are protected.
He added that Chapel Hill’s track and sound market knowledge make it the pre-eminent choice regionally for clients in need of guidance navigating today’s marketplace.
According to him, “Chapel Hill was ranked the “Best Investment Bank in Nigeria” and “Best Debt House in Nigeria” for the last year. The firm provides comprehensive advisory services to a diverse client base which includes financial institutions, major corporations, individual and institutional investors and government agencies. Our transaction experience spans across several sectors including banking, insurance, real estate, manufacturing, telecommunications, oil & gas, aviation and the public sector.”
He said Chapel Hill has raised significant capital for a number of institutions, claiming the company is  the number one investment bank in “success story” companies and new listings.
“We have a strong track in sell side and buy side advisory and are the leading M&A adviser in Nigeria, having completed a number of sizable mergers. Our investment banking team has garnered in-depth regulatory and policy knowledge over years of practical experience.
The team has expertise in the origination and execution of corporate and project finance, divestitures, restructurings, buyouts, M&A, privatisation and share buy-back advisory, as well as public offerings and private placements in equity and debt markets,” he said.
Chapel Hill Advisory Partners Limited commenced business in July 2005 and is licensed by the Securities & Exchange Commission  (SEC) as an issuing house and market maker and is one of the most capitalised independent investment banks in Nigeria.

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