SANLAM EMERGING MARKETS
Bowmans acted for Sanlam Emerging Markets (SEM) in the proposed acquisition of a 75% stake in PineBridge Investments East Africa Limited. Our role was as legal adviser for the acquirer. The transaction is significant because East Africa is a key part of the Sanlam Group’s African expansion strategy and the Sanlam Group’s overall future growth strategy. SEM’s objective with the proposed transaction is to build the leading position in the institutional, high net worth and retail investment management in East Africa.