Tuesday 03 March 2015

Amethis Finance Acquire 17% Stake in CIEL Finance

Amethis Finance are keeping busy, and have gone back to the financial sector with their latest, and very interesting, investment: The fund manager announced the acquisition of a 17% stake in Mauritius-incorporated CIEL Finance which in turns holds the...

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...

AXA Acquires Assur Africa Holdings from PE Funds and DFIs

Private equity firms DPI and AfricInvest and their co-investor DFIs DEG, FMO and PROPARCO have sold Assur Africa Holding (AHA) to global insurance and asset management group AXA Group for EUR198m. AHA holds a 77% stake in Nigerian Mansard Insurance Plc....

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...

Founder/CEO Dirk Harbecke Leaves ADC

This probably will not come as a great surprise to anyone who had followed the acquisition of ADC by Atlas Mara: Founder and CEO Dirk Harbecke has announced his departure from ADC. In April this year, ADC and Atlas Mara announced a ‘business combination...

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...

LeapFrog Exit East African Apollo to Swiss Re

LeapFrog investments have sold their minority stake in East African insurance firm Apollo Investments Ltd to Swiss Re Direct Investments Company Ltd, a subsidiary of Swiss Re Group. Apollo own APA Insurance, formed in 2003 as the merger of Apollo’s...

Ethos, Actis Exit Alexander Forbes Through JSE Listing

Emerging markets investor Actis have sold a 9% stake, the bulk of their 13% stake, in financial services group Alexander Forbes Group Holdings Ltd in an oversubscribed listing on the Johannesburg Stock Exchange (JSE). Alongside fellow private equity...

ECP to Exit Continental Reinsurance

Reuters report that Emerging Capital Partners (ECP) are planning to divest from Continental Reinsurance in which they hold a majority stake of 50.6%, having first invested USD25.8m in 2007. Continental Reinsurance is Nigeria’s second largest insurance...

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