Cherop Cherono

Associate, Deputy Head of Corporate & Commercial Practice
T: +254 20 272 7171 C: +254 709 830 100 E: ccherono@tripleoklaw.com W: https://www.tripleoklaw.com/

Cherop is a multi-faceted advocate providing corporate and individual clients with one-stop legal solutions from the inception of their businesses, throughout their life cycles and dissolution. 

She has experience in structuring transactions drafting and negotiating transactional documents in connection with asset sales and acquisitions, securities acquisitions, mergers, private placements, and lending transactions. In addition, she represents investors, lenders, and borrowers in their funding activities, including joint ventures. 

Cherop maintains an active pro bono practice through her work with various organizations including the Rose Women Foundation which promotes the economic empowerment of women in marginalized regions in Kenya. 

Qualifications: 

  • LLB (Hons.)
  • Patent Agent (Kenya Industrial Property Institute)
  • Diploma in Law (KSL)

Memberships: 

  • Law Society of Kenya
  • East Africa Law Society
  • Kenya Industrial Property Institute (KIPI)

Key Matters

1.

(a Turkish developer with an East African presence), on the trademarking of three monikers synonymous with three of its upmarket residential developments in Kenya valued at approximately USD 1.3 billion (KES 175.5 billion).
in connection with the issuance of a bond of up to a maximum face value of USD 485 million (KES 65.4 billion) on the Estates and Infrastructure Exchange (EIX) in the City of London.
, (including Cooperative Bank of Kenya, one of the country’s largest lenders), in connection with the restructuring of a debt owed by an insolvent manufacturing company, Kaluworks Limited. The debt amounted to USD 93.3 million (KES 12.6 billion). The work involved the structuring of a comprehensive turnaround strategy resulting in one of the few success stories of companies in Kenya that have come out of administration through a viable workaround.
(A leading real estate developer and the largest institutional investor in rental housing in East Africa) in the establishment of the region’s first USD 52 million (KES 6.53 billion) Income Real Estate Investment Trust (
In the establishment of the world’s first USD 52 million (KES 6.53 billion) Development Real Estate Investment Trust
(A leading global impact investment group) in the sale of nearly 30% of its stake valued at USD 20 million (KES 2.5 billion) in Goodlife Pharmacies East Africa (a leading healthcare and retail pharmacy chain). The stake was sold to Eurapharma (CFAO Healthcare), the healthcare division of the CFAO Group and a foremost wholesale distributor of quality pharmaceuticals in Africa, where it owns and operates subsidiaries in 23 countries.
(A leader in the African pharmaceutical market), on a cross-border USD 12 million (KES 1.62 billion) mezzanine debt investment by Proparco (a French development finance institution).
In connection with the sale and acquisition of a partnership interest valued at USD 4.38 million (KES 591.3 million) in an I-REIT.
In advisory, review, and preparation of the transaction documents in connection with the subscription of shares by an investor valued at USD 2.5 million (KES 338 million).
(With more than two decades in developing turnkey projects across Asia and Africa) in a development joint venture with a land-ownership company on the commercial excavation of building material and development of affordable housing as well as funding of the project by a local commercial bank. 
(A real estate and infrastructure development company with operations in the East African Region and the Democratic Republic of Congo) in the acquisition of a majority stake in a development company with a view of constructing modern residential apartments. 
On the trademarking of their agricultural learning platform.
(A Ugandan-based intermediate lender), in its dissolution and deregistration.
oncerning a development joint venture with a land-ownership company on the commercial excavation of building material and development of affordable housing as well as funding of the project by a local commercial bank. 

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