Money Markets
Kenya attracted over Sh102 billion ($1 billion) in private equity,
impact investment and venture fund deals in 2015, with the financiers
buying into or lending to energy, financial, healthcare and real estate
companies. PHOTO | FILE
By John Gachiri
Kenya attracted over Sh102 billion ($1 billion) in
private equity (PE), impact investment and venture fund deals in 2015,
with the financiers buying into or lending to energy, financial,
healthcare and real estate companies. Here are some of the reported
ones.
1. Helios
The UK private equity firm was active this year after it sold most of its 24.99 per cent stake in Equity Bank to Norfund and NorFinance, NSSF Kenya, NSSF Uganda, Investec, African Alliance, Renaissance Capital and Genesis Investment LLP for Sh53 billion.
The UK private equity firm was active this year after it sold most of its 24.99 per cent stake in Equity Bank to Norfund and NorFinance, NSSF Kenya, NSSF Uganda, Investec, African Alliance, Renaissance Capital and Genesis Investment LLP for Sh53 billion.
READ: Helios holds on to Sh1.3bn Equity shares
Helios also entered into a deal to buy the entire 70 per cent stake in Telkom Kenya held by France Telecom for an undisclosed amount.
Helios also entered into a deal to buy the entire 70 per cent stake in Telkom Kenya held by France Telecom for an undisclosed amount.
2. Old Mutual/UAP Group
Old Mutual Group created a financial supermarket
after it merged with UAP. The South African firm purchased a 60.7 per
cent stake in UAP Holdings from businessman Chris Kirubi, Centum and PE firms Abraaj Group, AfricInvest and Swedfund for Sh23 billion. Old Mutual also owns Faulu Bank.
3. Fanisi Capital
Fanisi Capital continued with its deal scouting in
2015. In July, the firm bought a minority stake in Arusha-based Kijenge
Animal Products for $6 million (Sh600 million). This was the first
investment in Tanzania.
The private equity firm also bought a stake in
Nairobi-based European Foods Africa (EFAL) for $2.1 million (Sh210
million) in April.
EFAL said it will use the funds to expand
processing and distribution of frozen pizzas and whole berries and fresh
berry beverages to supermarkets, grocery chains and restaurants in
Nairobi and Mombasa counties.
4. Ascent Capital
Ascent Capital acquired a stake in a Kampala-based
mobile money agent Chims Africa for an undisclosed amount in September,
its first deal in the country.
The private equity firm which raised $80 million
(Sh8 billion) with its debut fund also invested Sh250 million
($2.5million) in Medpharm Holdings Africa, a medical diagnostic
laboratory with operations in Ethiopia back in February.
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