TEMPLARS (Ghana) Advises EverCorp Industries on Landmark Acquisition of Metropolitan Ghana Entities from Momentum Group

TEMPLARS (Ghana) has acted as transaction counsel to EverCorp Industries (a growing African conglomerate) through emPLE Group in connection with the successful acquisition, from the renowned Momentum Group of South Africa, of several Metropolitan entities in Ghana, consisting of life insurance, health insurance, and pensions and trust businesses.

The transaction saw EverCorp Industries acquire 100% of Metropolitan Life Insurance Ghana and 85% of Metropolitan Health Insurance Ghana, along with Metropolitan Ghana’s full interest in Metropolitan Pensions Trust Ghana.

The transaction expands Evercorp’s increasing footprint across Africa and is regarded as one of the most significant insurance and integrated financial services sector acquisitions in Ghana in recent years.

TEMPLARS’ involvement covered the full lifecycle of the transaction, including legal due diligence, negotiation of transaction documents, and support through to closing, including obtaining the required regulatory approvals.

The closing of this transaction further demonstrates TEMPLARS’ commitment to delivering best-in-class legal advisory services for complex, high-value transactions in the Ghanaian and West African markets.

The TEMPLARS team on the transaction was led by TEMPLARS Partner, Sarpong Odame with support from Senior Associate Aasiya Sarku Nettey, and Associate Eyram Homenya.