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Heirs Oil & Gas Announces CEO and Board Appointments – AfricaBusiness com

Heirs Oil & Gas (HHOG) (www.HeirsOilandGas.com), the leading African integrated energy company, has announced the appointment of Osayande Igiehon as Chief Executive Officer, effective May 4, 2021, together with a distinguished non-executive board, bringing together leading industry figures, with considerable global and regional experience. Heirs Holdings Limited’s (HH) portfolio company, HHOG, completed the acquisition of OML17 in January 2021, in one of the largest oil and gas financings in Africa in more than a decade, with a financing component of US$1.1 billion. The transaction represents a further implementation of the HH Group strategy of creating the leading integrated energy business in Africa. Through a series of strategic portfolio holdings, HH is executing this strategy. Most recently, affiliate company, Transcorp made a US$300 million acquisition of Afam Power, increasing the Group’s installed electricity generating capacity to 2,000MW.

Australia s Pendal Group to acquire value firm from BrightSphere

Australia’s Pendal Group to acquire value firm from BrightSphere Bloomberg Multiboutique manager Pendal Group will acquire Richmond, Va.-based value equity manager Thompson, Siegel & Walmsley from BrightSphere Investment Group, the firms said Monday. Sydney-based Pendal will buy BrightSphere s 75.1% stake in TSW as well as management s 24.9% stake in the firm for a combined $320 million, a Pendal news release said. The deal is expected to close during the third quarter, pending regulatory and customary approvals. John Reifsnider, TSW s CEO, will become CEO of Pendal s combined U.S. business, taking over leadership of the group s other U.S. business, JOHCM USA, from Nick Good, who was named Pendal Group CEO in March.

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