Ogier advises Hennessy Capital Investment in its US$800 million business combination with Namib Minerals

Ogier's Corporate team has provided Cayman Islands counsel to Hennessy Capital Investment Corp VI in its US$800 million business combination with Namib Materials – the largest African de-SPAC to date. 

Hennessy Capital Investment Corp VI is a Nasdaq listed special purpose acquisition company (SPAC), formed with the objectives of merging with businesses operating in the industrial or energy-transition sector. Namib Minerals is a Zimbabwe-based gold mining company.

The Ogier team was led by partner Cynthia Anandajayasekeram, and included partner Bradley Kruger and senior associate Laura O'Byrne. The proposed transaction is expected to close in the fourth quarter of 2024.

"We are extremely pleased to have advised Hennessy Capital Investment on this significant transaction. We continue to see demand in the Cayman Islands Corporate team for the establishment of SPACs and subsequent de-SPAC transactions, and our team is well-equipped to bring our considerable expertise to bear on these deals," said Cynthia.