All posts in Financial Services

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ECP’s Oragroup gets $18m

Emerging Capital Partners (ECP) has led an $18milion financing round in its Togo-based financial services portfolio company Oragroup.

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ESGs boost exits

Environmental, Social and Governance (ESG) improvements are key to positioning a private equity company for strong exit prospects, according to recent research. Strong ESG standards not only improve performance,

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Amethis seals $10.5m Chase deal

Amethis has delivered its first private equity transaction, investing $10.5million in Kenya-based financial services company Chase Bank. The investor has taken

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LeapFrog invests $4m in BIMA

LeapFrog Investments has invested $4.25 million into mobile insurance company BIMA, as part of a $7 million equity injection.

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IFC in $48m Amen Bank deal

The International Finance Corporation (IFC) and the IFC Asset Management Company (IFC AMC) have participated in a $48 million investment into Tunisia’s Amen

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Bain’s $1.2bn Edcon partial sale approved

Bain Capital’s $1.2bn sale of Edcon Group’s financial services unit to Absa Bank has finally received regulatory approval from South Africa’s competition tribunal. In mid-2012, Bain had agreed to

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Cauris injects $8.3m into AFG

Cauris  has committed to invest approximately $8.3 million (4.1 billion FCFA ) in Atlantic Financial Group (AFG), a financial services holding company based in Côte d’Ivoire. The funding will be

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IFC backs $204m BCP bank deal

The International Finance Corporation has backed a $204 million investment into Morocco-based bank Banque Centrale Populaire (BCP). The deal sees the IFC and two of its captive funds acquire

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ADC backs BancABC with $50m

ADC African Development Corporation has acquired 50.4% of BancABC, a southern Africa regional bank based in Botswana. The investor paid $50m for the stake.
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Paul Fletcher Actis

Actis exits Rwanda bank BCR

Actis has sold its 80% stake in Banque Commerciale du Rwanda (BCR), a financial services provider based in Rwanda.
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Actis  exited the stake to Kenya-based I&M Bank,