Sidley advised Victory Farms on a significant new convertible loan. Victory Farms owns and operates a tilapia fish farming and processing business on the Kenyan side of Lake Victoria, with distribution capacity throughout Kenya. Victory Farms’ mission is to build a commercial tilapia farm that can feed two billion Africans with affordable, accessible, and healthy protein. Victory Farms and its innovative technologies bring together aquaculture practices from around the globe to tackle this challenge. DOB Equity was the investor in the new convertible loan, and Open Capital acted as financial advisor to the company.
The Sidley team was led by Wim De Vlieger (Private Equity), supported by Diahndra Burman (Capital Markets), and Ethan Munsill (Real Estate). Additional support was provided by Oliver Currall (Tax) and Chris Dorman (Tax).
Launched in 2012, Sidley’s Emerging Enterprises Pro Bono Program provides free legal support to eligible small- and medium-sized for-profit enterprises and market-focused nongovernmental organizations and nonprofits that have a clear social impact in developing countries across Africa, Asia, Central and South America, and the Caribbean. The program aims to benefit poor, rural, and disadvantaged communities, particularly women, by supporting local businesses that provide enhanced employment and livelihood opportunities. Sidley’s holistic approach ensures both tangible and intangible gains to the beneficiaries. By assisting market-based growth of small- and medium-sized local businesses, the program helps boost local economies, increase job opportunities, raise incomes, and provide other social benefits to ultimately improve the lives and livelihoods of the world’s poorest people.
Sidley provides a wide variety of legal assistance to these enterprises to expand operations, lower costs, increase profits, successfully access new markets, and become attractive partners for investors. Additional information on Sidley’s Emerging Enterprises Pro Bono Program can be found here.