Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Taina Rosa, Olivia Meyer
03.11.26
A Pillsbury team led by London Corporate Partner James Campbell and Senior Associate Tanzilah Iqbal is advising investment bank Panmure Liberum Limited, as nominated adviser and broker, on the admission of Tapir Holdings Ltd. (“Tapir”) to trading on the AIM market of the London Stock Exchange.
Tapir’s shares began trading on AIM today under the ticker symbol “TAPH”. The company will retain its existing listing on the Bermuda Stock Exchange as a secondary listing.
Tapir is a strategic investment holding company whose sole asset is a 10.04% stake in Rendeavour Holding Limited (“Rendeavour”). Incorporated in Bermuda, Rendeavour is a leading investor in large-scale urban development projects across East and West Africa and one of the continent’s largest diversified land platforms, focused on delivering high-quality infrastructure, planning and urban management to create integrated satellite cities.
In East Africa, Rendeavour holds majority interests in companies controlling more than 4,000 hectares in Kenya and over 4,400 hectares in the Democratic Republic of Congo. In West Africa, it is the lead investor in two projects in Ghana (over 1,650 hectares combined) and two projects in Nigeria (over 1,700 hectares combined).
Rendeavour’s business model centres on the acquisition and master planning of large tracts of undeveloped land, the installation of bulk infrastructure and the development’s business model centres on the acquisition and master planning of large tracts of undeveloped land, the installation of bulk infrastructure and the development or sale of serviced land to developers, corporates and individuals. The company also generates revenues from the provision of utilities, including electricity, water and sewerage services, primarily to commercial and industrial customers, as well as from coffee sales.
As of 31 December 2024, Rendeavour held majority interests in investment properties with an aggregate fair value of approximately US$3 billion, as valued by independent external valuers for the Rendeavour board of directors and adopted in its 2024 accounts.
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Pillsbury’s Africa Practice provides strategic counsel across the continent’s key growth sectors. We advise on complex upstream and downstream oil and gas projects, nuclear development and regulatory frameworks, technology transactions, high-value financings and major power projects. Current engagements include advising a North African sovereign-controlled entity on nuclear development, acting for the lead developer on the planning, financing, construction and operation of a significant greenfield refinery in East Africa, and advising on a major power project in West Africa. Combining sector depth with local market insight, our team helps clients manage risk and deliver transformative projects across Africa.