Baker McKenzie advises Tapir Holdings Ltd. on its London listing

Baker McKenzie has advised Tapir Holdings Ltd. ("Tapir") on its London listing, effective as of 11 March 2026. Tapir is admitted to AIM and is a strategic investment company.

Tapir's current sole asset is its 10.04 per cent. equity stake (net of treasury shares) in Rendeavour Holding Limited ("Rendeavour"). Rendeavour is a leading investor in East and West African urban development projects and is one of the largest diversified pan-African land platforms, focused on providing high quality infrastructure, planning and urban management to create satellite cities in East and West Africa. As at 31 December 2024, Rendeavour had majority ownership of companies with interests in investment properties with an aggregate fair value of approximately USD 3 billion, as valued by independent external valuers for the Rendeavour Board of Directors, and reviewed and adopted by the Rendeavour Board of Directors in the accounts of the company for that year. Tapir's investment strategy will include potential further investments in Rendeavour and also in other related and unrelated development projects or quoted and unquoted companies with suitable synergy across Africa.

The Baker McKenzie team for Tapir's listing was co-led by Corporate partners David Duncan and Tom Quincey. In addition, lawyers from around the Firm formed part of Baker McKenzie's wider transactional team, including Corporate Finance Partner, James Thompson, Financial Services Regulatory Partner, Caitlin McErlane, and Corporate Finance Associates Abigail Saffron and Lilly Imhof.

Commenting on the transaction, Tom Quincey noted:

"This is an exciting time for Tapir as it reaches the milestone of listing in London. There are positive signs that companies are returning to listing on the London market and we are delighted to have supported Tapir on its admission. This transaction clearly demonstrated the Firm's capital markets capabilities, in particular, our ability to support issuers in achieving their ambitions and our capability to act as transactional and international counsel for clients engaged in major deals and projects with an inbound and outbound Africa focus".

With one of the world's largest capital markets practices, our team of over 300 lawyers in more than 40 locations has grown from the grass roots up, with established, local expertise in both financial centres and key emerging markets. Our global, local and technical sector expertise and knowledge, coupled with our ability to work seamlessly across each of the countries in which we operate, means we add unique value in shaping, negotiating and closing deals. We represent issuers, investment banks, financial sponsors, selling shareholders other market participants across the full spectrum of equity, debt and public and private market solutions. This includes domestic and cross-border IPOs, debt issuances and programs, and complex, multi-jurisdictional acquisitions and divestitures. Our Africa Banking & Finance Team of the Year, ranked Band 1 by Chambers, awarded Banking & Finance Legal Adviser of the Year (Global Banking & Markets Africa 2025) and "Best Law Firm in Africa" for the past four years (EMEA Finance African Banking Awards), have recently advised on the Infrastructure Finance Deal of the Year and the North Africa Deal of the Year (Global Banking & Markets Africa Awards 2025).