Helios Fairfax Partners

Helios Fairfax Partners Corporation

Helios Fairfax Partners Corporation

The transaction between Helios Holdings Limited and Fairfax Africa Holdings Corporation announced on 10 July 2020 was closed on 8 December 2020, creating the premier pan Africa-focused alternative investment manager – Helios Fairfax Partners Corporation (“HFP”).

HFP is an investment holding company traded on the Toronto Stock Exchange under the symbol “HFPC” whose investment objective is to achieve long-term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments of African businesses or other businesses with customers, suppliers or business primarily conducted in, or dependent on, Africa. Helios Investment Partners LLP is the investment advisor to HFP.

Tope Lawani and Babatunde Soyoye, the co-founders and Managing Partners of Helios Investment Partners LLP, are co-Chief Executive Officers and directors of HFP.

Annual meeting

The annual meeting of shareholders of Helios Fairfax Partners Corporation will be held on April 14, 2021 at 2:30 pm, Toronto time. Further details will be posted at a later date.

Shareholder information

HEAD OFFICE: 95 Wellington Street West, Suite 800, Toronto, Ontario, Canada M5J 2N7. Telephone: (416) 367-4755. Email: info@fairfaxafrica.ca

TRANSFER AGENT AND REGISTRAR: Computershare Trust Company of Canada, Toronto

AUDITORS: PricewaterhouseCoopers LLP

SEDAR filings are available at www.sedar.com

Shareholders may request a copy of the audited financial statements free of charge by writing to the Corporate Secretary at: 95 Wellington Street West, Suite 800, Toronto, Ontario, Canada M5J 2N7

Press Releases and Financial Reports

Corporate

Our corporate governance policies and practices are reviewed regularly by our Board of Directors and updated as necessary or advisable. Our corporate governance practices are in compliance with all applicable rules and substantially comply with all applicable policies and guidelines, including those of the Canadian Securities Administrators. The Code of Business Conduct and Ethics is built around the first value in our longstanding and regularly reported Guiding Principles – honesty and integrity are essential in all our relationships and will never be compromised. 

Set out below is our corporate governance documentation:

 

Articles of Incorporation

Audit Committee Charter

By-Law No. 4

Code of Business Conduct and Ethics

Corporate Governance Guidelines

Disclosure Policy

Dividend Policy

Governance, Compensation and Nominating Committee Charter

Mandate of the Board of Directors

Whistleblower Policy

 

Lieutenant-General (ret.) Roméo Dallaire

General Dallaire is founder of the Roméo Dallaire Child Soldiers Initiative, a global partnership with the mission to end the recruitment and use of child soldiers. With deep Africa experience, General Dallaire is a celebrated advocate for human rights, especially in regard to children, veterans, and the prevention of mass atrocities. He is also a respected government and UN advisor and former Canadian Senator. General Dallaire had a distinguished military career spanning forty years. Most notably, he was appointed Force Commander of the United Nations Assistance Mission for Rwanda prior to and during the 1994 genocide. General Dallaire is a recipient of the Order of Canada, the Meritorious Service Cross, the United States Legion of Merit, and the Aegis Award on Genocide Prevention.

Christopher Hodgson

Mr. Hodgson is the President of the Ontario Mining Association and a board member of Fairfax India Holdings Corporation, Recipe Unlimited Corporation and Canadian Orebodies Inc. He previously served as Lead Director for The Brick Ltd. As a member of provincial parliament, he served as Minister of Natural Resources, Minister of Northern Development and Mines, Chairman of the Management Board of Cabinet, Commissioner of the Board of Internal Economy, and Minister of Municipal Affairs and Housing. Previously he enjoyed a career in municipal government and real-estate development and is an Honours Bachelor of Arts graduate from Trent University.

Tope Lawani, Co-CEO

Mr. Lawani, a Nigerian national, is a co-founder and Managing Partner of Helios and has 25 years of principal investment experience. Prior to forming Helios, he was a Principal in the San Francisco and London offices of TPG Capital, a leading global investment firm managing private equity, venture capital, credit and real estate investment funds. At TPG Mr. Lawani had a lead role in the execution of several significant leveraged buyout and venture capital investments, including the acquisitions of Burger King Corp., Debenhams plc., J. Crew Group, and Scottish & Newcastle Retail. He began his career as a Mergers & Acquisitions and Corporate Development Analyst at the Walt Disney Company. Mr. Lawani serves on the boards of directors of Helios Towers PLC, Vivo Energy, Axxela, ZOLA Electric, OVH Energy and Mall for Africa. He also serves as a member of the MIT Corporation (Massachusetts Institute of Technology’s board of trustees), the MIT School of Engineering Dean’s Advisory Council, the Harvard Law School Dean’s Advisory Board and the board of directors of The END Fund, a leader in the global health movement to tackle Neglected Tropical Diseases. He has previously served on the Overseers’ Visiting Committee of the Harvard Business School, the MIT OpenCourseWare Advisory Board and on the board of directors of the Emerging Markets Private Equity Association (EMPEA). Mr. Lawani received a B.S. in Chemical Engineering (with a Minor in Economics) from the Massachusetts Institute of Technology, a Juris Doctorate (cum laude) from Harvard Law School and an MBA from Harvard Business School. He is fluent in Yoruba, a widely spoken West African language.

Quinn McLean

Mr. McLean is Managing Director, Middle East and Africa and a member of the investment committee of Hamblin Watsa Investment Counsel. Mr. McLean joined Hamblin Watsa Investment Counsel in 2011. Mr. McLean has over 14 years of experience in investment management and currently manages the investment float for Fairfax in the Middle East and Africa. Mr. McLean is a member of the board of directors of Gulf Insurance Group (Kuwait). Mr. McLean earned his B.A. (Accounting) and MBA from the University of Toronto, received a Chartered Financial Analyst designation and is a Chartered Accountant and Chartered Professional Accountant.

Ndidi Okonkwo Nwuneli

Ms. Nwuneli is the Founder of LEAP Africa, Co-Founder of AACE Food Processing & Distribution, an indigenous agroprocessing company, and a managing partner at Sahel Consulting Agriculture & Nutrition Ltd., which works across Africa, transforming the agriculture and nutrition landscape in the region. Ms. Nwuneli is also the director of the African Philanthropy Forum. Ms. Nwuneli was previously a management consultant with McKinsey & Company, working in their Chicago, New York and Johannesburg offices before subsequently returning to Nigeria to serve as the pioneer executive director of the FATE Foundation. Ms. Nwuneli was recognized as a Young Global Leader by the World Economic Forum and received a National Honor — Member of the Federal Republic from the Nigerian Government. Ms. Nwuneli was listed as one of the 20 Youngest Power African Women by Forbes. Ms. Nwuneli serves on numerous international and local boards including the Rockefeller Foundation., Nigerian Breweries Plc. (Heineken), Godrej Consumer Products India, Royal DSM Sustainability Board, Netherlands, the Centre for Memories and the African Philanthropy Forum. Ms. Nwuneli holds an M.B.A. from Harvard Business School and an undergraduate degree with honors in Multinational and Strategic Management from the Wharton School of the University of Pennsylvania.

Richard Okello

Mr. Okello is the co-founder and CEO of Sango Capital Management, an investment company managing two private equity funds. Mr. Okello previously held various roles over 9 years ranging from associate to partner at Bridgewater Associates, the largest global hedge fund. Mr. Okello was also a principal at Makena Capital for 5 years. At Makena Capital, Mr. Okello managed multiple portfolios that were substantially allocated to emerging markets and oversaw the research into new investment ideas. Mr. Okello sits on the boards of several African companies and fund advisory boards as well as the boards of the Human Horizons Foundation, the African Leadership Foundation and Proprietary Capital USA. Mr. Okello was educated in Africa, the U.K. and the U.S., receiving an MBA Hons. from Pace University and an Honours Bachelor of Arts degree in economics and public policy from Swarthmore College. Mr. Okello also attended the United World College of the Atlantic in Wales, United Kingdom.

Babatunde Soyoye, Co-CEO

Mr. Soyoye, a Nigerian national, is a co-founder and Managing Partner of Helios and has 23 years of principal investment experience. Prior to forming Helios, he was a Principal at TPG Capital in London responsible for telecommunications and media investments across Europe. Before joining TPG, Mr. Soyoye was a Senior Member of the Corporate Strategy team at British Telecom, and a Manager of Business Development at Singapore Telecom International. He has played a key role in the execution of over $7 billion completed investments across Africa, Europe, Asia and North America. He has also served as an Executive Consultant to Actis West Africa, an emerging market private equity fund. Mr. Soyoye serves on the board of directors of Interswitch and TPAY Mobile FZ-LLC. He previously served on the board of directors of PSPLS, Nigeria’s Privatisation Share Purchase Loan Scheme, among others. Mr. Soyoye is a member of the Commonwealth Enterprise & Investment Council (CWEIC) and sits on the Board of Trustees of Save the Children UK. He was also a member of the LSE-University of Oxford Commission on State Fragility, Growth and Development, chaired by former UK Prime Minister David Cameron. Mr. Soyoye received a BEng in Engineering and an MBA from the University of London (Kings & Imperial College). He is a fluent Yoruba speaker.

V. Prem Watsa, Founder & Chairman

Mr. Watsa has been the Chairman and Chief Executive Officer of Fairfax Financial Holdings Limited since 1985. He has served as Vice President of Hamblin Watsa Investment Counsel Ltd. since 1985. Mr. Watsa formerly served as Vice President of GW Asset Management from 1983 to 1984 and in various positions, ultimately as a Vice President, with Confederation Life Investment Counsel from 1974 to 1983. Mr. Watsa is also a director of BlackBerry Limited.

Michael Wilkerson

Mr. Wilkerson served as Chief Executive Officer of Fairfax Africa (predecessor to Helios Fairfax Partners) from December 2016 until December 2020. Prior to the formation of Fairfax Africa, Mr. Wilkerson served as the Managing Partner of AgriGroupe Limited and its affiliates, which sponsored the $500 million take private acquisition of Afgri Group Holdings in 2014. Previously, Mr. Wilkerson served as Global Co Head of the Consumer, Food & Retail Group and as a Managing Director in the Financial Institutions Group at Lazard, one of the world’s preeminent financial advisory and asset management firms. Mr. Wilkerson was also a Managing Director at Citigroup, where he led the Financial Institutions M&A effort in New York. Mr. Wilkerson is Executive Chairman of Atlas Mara Limited. Since 2008, he has served as a director (most recently as Chairman of the board) of charity:water, one of the world’s largest non-profits focused on clean water solutions in Africa. He holds an MBA from Harvard Business School, an M.A. in International Relations from Yale University and a B.S. summa cum laude from Oral Roberts University.

Keir Hunt, General Counsel and Corporate Secretary

Tope Lawani, Co-Chief Executive Officer

Amy Sherk, Chief Financial Officer

Babatunde Soyoye, Co-Chief Executive Officer

Prem Watsa, Founder and Chairman

Michael Wilkerson, Executive Vice Chairman

FAQs

Helios Fairfax Partners shares trade on the Toronto Stock Exchange under the symbol HFPC.

Once filed, you may view our financial statements on our website here. Our financial statements will also be posted on SEDAR at www.sedar.com. Shareholders may also request a copy of our audited financial statements free of charge by writing to the Corporate Secretary at 95 Wellington Street West, Suite 800 Toronto, Ontario Canada M5J 2N7.

You may access our current stock price information on the Toronto Stock Exchange website at www.tsx.com.

Fairfax Africa shares are listed and trade over the Toronto Stock Exchange. You should ask your broker whether they are able to trade securities that trade over the Toronto Stock Exchange.