Thursday 18 December 2014

Centum, Others Increase Shareholding in Kenya’s K-REP Bank

Triodos Bank, through their Triodos Sustainable Finance Foundation subsidiary, have sold their 14.5% stake in Kenyan K-REP Bank to existing shareholders Centum Investment Company Ltd, and K-REP Group for an undisclosed amount. Centum now own a controlling...

ADC Exit Resolution Health to LeapFrog

African Development Corporation (ADC) have announced the sale of their 38.74% stake in Resolution Health East Africa (RHEAL) to Peter Nduati, the CEO and founder of the company, and LeapFrog Investments who will be acquiring a majority stake from a...

Catalyst Invest in Microfinance Bank

Busy year end: at their annual investor reception, Nairobi private equity firm Catalyst Principal Partners announced the acquisition of an undisclosed stake in microfinance bank Jamii Bora. Two months ago, in September, the Catalyst team had completed an...

Accion Venture Lab Invest in Kenyan Umati Capital

Accion have announced an undisclosed investment in Umati Capital, a Kenyan lending company that provides invoice discounting and other forms of working capital to East African SMEs. The investment was made through Accion’s USD10m Venture Lab focused on...

Fusion Capital Invest KES2bn in Meru County Real Estate Development

Fusion Capital have announced an undisclosed investment in the KES2bn (USD22m) Meru Greenwood Park, an integrated development in the business district in Meru County. The property – a joint investment with several local investors through a joint venture...

Acumen and Novastar Invest in Solar Distributor SolarNow

Imact investors Acumen and Novastar Ventures have announced an investment in SolarNow, a Ugandan distributor of quality solar home systems to rural markets. The company supplements its distribution services with a financing solution that allows clients to...

Helios Join USD130m Investment Round in Wananchi Group

PE firm Helios Investment Partners have joined existing investors like Altice SA, Liberty Global, Emerging Capital Partners (ECP) and the Africa Telecoms, Media and Technology (ATMT) Fund in a new investment round of USD130m for triple-play operator...

Catalyst Principal Partners Invest in Kenyan Pharmacy Retail Chain

East Africa fund manager Catalyst Principal Partners have acquired a stake in Mimosa Pharmacy Ltd, a pharmacy retail chain that also offers health and beauty products. Mimosa was founded ten years ago by Chris Getonga and currently has six outlets in...

TBL Mirror Fund Exit International Medical Group to Kibo Fund

Dutch TBL Mirror Fund have exited their investment in Ugandan International Medical Group (IMG) to Kibo Fund, a fellow SME PE fund and co-investor in IMG. Both funds invested in IMG in January 2012. Founded in 1986, IMG comprises three companies, the...

Fusion Group to Exit Bakery Group via Securities Exchange

The Star reports that Fusion Group are considering exiting its 45% stake in GAL Baking Services Ltd through a listing on the new Growth Enterprise Market Segment (GEMS) on the Nairobi Securities Exchange (NSE). Fusion had invested KES254m in the bakery in...

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