Friday 28 November 2014

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...

Helios Announce USD50m Investment in Nigerian Pension Fund Manager

Helios LLP have will acquire a minority stake in Nigerian ARM Pensions, Nigeria’s largest independent pension fund manager. The company has USD2.2bn of pension assets under management. Nigeria’s pension market has been growing by around 30% per year since...

ECP Exit Oragroup to Gabon’s Strategic Investment Fund

Emerging Capital Partners (ECP) have sold their stake in Oragroup, the Togo-incorporated regional bank holding company, to Gabon’s Strategic Investment Fund (GSIF) after a five-year holding period at 2.2x the initial investment. This investment had been...

Actis Establish Credit Services Holding, Acquire CompuScan

With the establishment of Credit Services Holdings (CSH), emerging markets investor Actis, have also announced the acquisition of CompuScan, the largest independent credit reference bureau in sub Saharan Africa. CompuScan offer credit data, decision...

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