Muhammad Aadil Koomar is a senior associate within both the Corporate and Dispute Resolution departments in Mauritius. He joined Appleby in November 2008 and specialises in advising financial institutions on financial regulation, regulatory capital issues and financial institution M&A. He advises on private equity funds, hedge funds, derivatives transactions and securities offerings, as well as a range of corporate and corporate finance transactions.
Aadil has extensive experience representing corporations, financial institutions and other entities. His experience spans public and private M&A, credit, restructuring, bankruptcy, capital markets, fund formation and winding-up.
He has worked on a number of transactions for financial institutions, private equity and hedge fund clients, including Nedbank Group, Standard Bank Group, KfW, Citigroup, JP Morgan Corsair, ICICI Bank Limited, Credit Suisse, UBS A.G, Deutsche Bank AG, Axis Bank Limited, Morgan Stanley, Bank of Tokyo Mitsubishi UFJ, Standard Chartered Bank Group.
He has been advising international clients in winding up and insolvency matters.
Aadil speaks fluent English and French.
Some recent examples of work include:
- Advising RascomStar-QAF, the Pan-African satellite operator, registered and incorporated under the laws of Mauritius, on all aspects of Mauritius law in connection with entry by RascomStar-QAF into a Common Terms Agreement to finance the launching of a satellite to cover mainly the African region. The Finance Parties are the African Development Bank, Banque Ouest Africaine de Developpement, Banque de Developpement des Etats de L’Afrique Centrale and Libyan Foreign Bank. RascomStar-QAF is responsible for implementing and developing the first satellite telecommunication project dedicated to the African continent, under a concession agreement with RASCOM. The value of the transaction is estimated at US$111 million.
- Establishment of a Fund in Mauritius with a target size of $250,000,000. The Fund is conceptualized to be an investment vehicle through which investors with an affinity for infrastructure investment can derive stable and predictable returns on investments, as well as access a wide variety of infrastructure assets across various sectors of West Africa and the Nigerian economy. The Fund will be an investment vehicle with equity ownership in different infrastructure projects and sectors, such as transport (roads, bridges/tunnels, sea port, airports, rail, parking), energy (electricity generation and distribution, gas transmission and storage) and utilities (water treatment and distribution, sewage and drainage, telecoms)
- Advising a major University in USA in respect of its investment of a total commitment of US$100 million in an Expert Fund incorporated in Mauritius. The investment objective of the Fund is to seek to achieve long term capital appreciation by primarily investing in a diversified portfolio of primarily equity and equity-related securities listed on the Indian stock exchanges and by taking exposure to derivative securities such as equity linked notes, swaps, warrants and other derivative instruments and American Depository Receipts or Global Depository Receipts of Indian companies
- Advising ABN-AMRO Bank in connection with a proposed credit facility of INR 185 million granted to a company incorporated in Mauritius and draft the necessary securities to secure the transaction.
- Assisting and drafting of documents in respect of the voluntary winding up of Cayman entities.
- Advising Lenders to a loan facility in respect of litigation matters concerned with winding-up of companies, appointment of receivers and insolvency
- Resisting winding up petitions lodged by unsecured creditors in respect of a loan facility of $25,000,000
- Advising Defendants in a court case whereby the validity and enforceability of securities granted in favour of the Defendants pursuant to a loan facility are being challenged
University of Mauritius (Mauritius)
University of Kent (England)
College of Law (England)
University of West of England (England)