Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,732 members, 7,820,537 topics. Date: Tuesday, 07 May 2024 at 04:40 PM

Get To Know The Nigerian Entrepreneur Who Just Sold His Company For $12.5bn! - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Get To Know The Nigerian Entrepreneur Who Just Sold His Company For $12.5bn! (417 Views)

Naira Closes 1,309/$ As Banks Sell $2.5bn / Blackrock To Buy Adebayo Ogunlesi’s Global Infrastructure Partners For $12.5B / Foreign Loan: Why Can't CBN Print The $5.5bn Instead Of Borrowing? (2) (3) (4)

(1) (Reply) (Go Down)

Get To Know The Nigerian Entrepreneur Who Just Sold His Company For $12.5bn! by Esusustuffs: 9:52pm On Jan 15
For some (young) people (in Nigeria), their first interaction with the name Adebayo Ogunlesi was in 2016 when he was appointed by the then U.S. President-elect Donald Trump to be part of a group of business leaders to frequently advise him on economic matters

For many other young people, Ogunlesi came into their radar as they heard his name in Burna Boy‘s song “Wonderful” – released in 2020 – that was part of his Grammy-winning album “Twice As Tall”. “As I dey hustle like Adebayo Ogunlesi (No go talk say me I too lazy),” Burna Boy sang, leaving young people googling who this hustler was.

Today, he is trending for yet another good reason as Global Infrastructure Partners (GIP), the private equity firm he founded and is
For some (young) people (in Nigeria), their first interaction with the name Adebayo Ogunlesi was in 2016 when he was appointed by the then U.S. President-elect Donald Trump to be part of a group of business leaders to frequently advise him on economic matters. The “President’s Strategic and Policy Forum”, as it was called, was set up to call upon some of America’s most highly respected and successful business leaders to share their specific experience and knowledge to help Trump’s administration achieve its goals.

For many other young people, Ogunlesi came into their radar as they heard his name in Burna Boy‘s song “Wonderful” – released in 2020 – that was part of his Grammy-winning album “Twice As Tall”. “As I dey hustle like Adebayo Ogunlesi (No go talk say me I too lazy),” Burna Boy sang, leaving young people googling who this hustler was.

Today, he is trending for yet another good reason as Global Infrastructure Partners (GIP), the private equity firm he founded and is Chairman and Managing Partner at, was acquired by BlackRock Inc., the world’s biggest money manager according to Bloomberg, for $12.5bn.

BlackRock, who currently manages $10trn across all markets, according to Reuters, will pay $3 billion in cash and 12 million BlackRock shares (about $9.5bn) to GIP who currently manages more than $100bn in assets. The deal will see Ogunlesi join BlackRock’s board and global executive committee, reports Bloomberg.

So, who is this guy?

Family

Ogunlesi, who hails from Sagamu, Ogun State, Southwest Nigeria, is the son of Professor Theophilus O. Ogunlesi, the first Nigerian Professor of Medicine.

Ogunlesi, in 1985, married Dr. Amelia Quist-Ogunlesi, a British-born (retired) optometrist who acquired her degree from City University in London. After launching her practice in London, she moved permanently to the US, obtaining certification from SUNY College of Optometry. They both have two children Geoffrey Ogunlesi, who is a music executive, and Carl Ogunlesi who is a music producer.

Education

He attended King’s College, Lagos and bagged a first class degree in Philosophy, Politics, and Economics from Oxford University. He went on to receive a JD-MBA (a degree program that lets students receive a Juris Doctor and Master of Business Administration) from Harvard Law School and Harvard Business School in 1979.
Career

While studying, Ogunlesi worked in corporate law with New York City firm Cravath, Swaine & Moore as a summer associate. After his studies, he served as law clerk to associate justice Thurgood Marshall of the U.S. Supreme Court between 1980 and 1981.

In 1983, he joined the project finance group at First Boston, an investment bank as an advisor, working on transactions across the world.

In 1997, he became the Head of the Global Energy Group at Credit Suisse. He then went on to become the Global Head of its Investment Banking Division between 2002 and 2004; Member of Executive Board and Management Committee (2002 – 2006); and Executive Vice Chairman and Chief Client Officer (2004 – 2006).
In 2006, he founded GIP, which invests worldwide in infrastructure assets in the energy, transport, water and waste industry sectors. Between 2006 and 2018, GIP, where Ogunlesi is Chairman and Managing Partner, bought London City Airpot (2006), acquired majority stake in London Gatwick Airport (2009), bought Edinburgh Airport (2012), and bought Nuovo Trasporto Viaggiatori (2018).

Ogunlesi joined Goldman Sachs in 2012 as Director and became a Lead Director in 2014.

2 Likes

Re: Get To Know The Nigerian Entrepreneur Who Just Sold His Company For $12.5bn! by todaynewsreview: 9:58pm On Jan 15
Wonderful..... these are the type of news that should be on front page. Kudos

4 Likes

Re: Get To Know The Nigerian Entrepreneur Who Just Sold His Company For $12.5bn! by Paraman: 10:05pm On Jan 15
I thought he sold it for $2.5 billion
Re: Get To Know The Nigerian Entrepreneur Who Just Sold His Company For $12.5bn! by Kyrgiakos14: 10:09pm On Jan 15
These are the things I'll love to see on the front page Evey now and then. Quite inspirational.

1 Like

Re: Get To Know The Nigerian Entrepreneur Who Just Sold His Company For $12.5bn! by Is04970: 10:15pm On Jan 15
See money 💷!!!
Re: Get To Know The Nigerian Entrepreneur Who Just Sold His Company For $12.5bn! by superCleanworks(m): 11:52pm On Jan 15
Genius with a bulky profile. impressive.
Re: Get To Know The Nigerian Entrepreneur Who Just Sold His Company For $12.5bn! by olisaEze(m): 12:28am On Jan 16
From King's College to Oxford University, & then Harvard. Make moni so your kids will live in the right neighborhoods, go to the right schools and meet the right people! 99.9% of the distinguishing factor between the bourgeoisie and the commons can be found in their associations.
Re: Get To Know The Nigerian Entrepreneur Who Just Sold His Company For $12.5bn! by Tranquility2345: 8:20am On Jan 16
olisaEze:
From King's College to Oxford University, & then Harvard. Make moni so your kids will live in the right neighborhoods, go to the right schools and meet the right people! 99.9% of the distinguishing factor between the bourgeoisie and the commons can be found in their associations.

See this hopeless lazy youth talking trash. King’s College is not a private school and even poor people go there. Back in Bayo’s days, you only had to be brilliant to go there. He went to Oxford and Harvard on scholarship. Bayo is a self made man and his success has nothing to do with his father’s money. His father was a civil servant for Christ sake!

(1) (Reply)

Business Partner Needed (abuja) / Master The Art Of Affiliate Marketing And Start Making Money / Urgently Needed!!!

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 19
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.