What we do at MMAKS

Commercial Transactions

Our commercial transactions team comprises a corporate advisory team and banking and finance team which cover a cross section of practice areas including and not limited to mergers and acquisitions, private equity, investment advisory, projects and infrastructure, energy and mining, insurance, finance, banking, employment, real estate, immigration and general corporate and commercial advisory.

The team has two partners: Apollo N. Makubuya and Fiona N. Magona both of whom have previously been recognized by independent law firm ranking institutions like ILFR1000.

The team members have received excellent legal training and hold stellar academic and professional qualifications from leading universities such as Cambridge University, Birmingham University, Harvard University, University of Liverpool, Cornell University and University of Pretoria. This training is continually supplemented by exposure to international law firms’ practices under secondments.

This is supplemented by on the job practical training at top firms such as Stephenson Harwood - London, Freshfields Bruckhaus Deringer - London, Slaughter & May - London and Anjarwalla & Khanna - Nairobi.

The team regularly conducts in house trainings on commercial law topics as a way of continuous legal improvement.

The firm is also on the panel of International Finance Corporation (IFC) lawyers for the region.


Advised UNOC on the establishment of an Oil storage terminal.

Advised Sanlam Limited in its merger with Allianz, one of the world’s largest insurers and asset managers.

Advised Mantra Technologies Limited on its acquisition of Seven Hills Impex Limited, a leading power solutions provider in Uganda.

Advised The East Africa Venture Capital Association (EAVCA) on proposed amendments to Uganda’s legal and fiscal framework for structuring locally domiciled private equity and venture capital funds under the limited liability partnership vehicle.

Advising IFC and other lenders on a syndicated loan financing for a cement plant and a rolling mill in the sum of USD 64 million using Loan Market Association documentation.

Advising on the acquisition of a majority stake in a local telecoms company by a subsidiary of France Telecom.

Advising the Norwegian Investment Fund for Developing Countries (NORFUND) in a lending to a commercial bank in the amount of USD 10 million.

Advising on admission to Listing of National Insurance Corporation Limited on the Uganda Securities Exchange.

Advising private equity funds from Mauritius and Kenya on a purchase of a 35% stake in International Medical Group Limited

Advising DEG and IFC on loan transactions, including subordinations of existing loans and rescheduling fresh lendings to clients in Uganda.

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