M&A Deal Summary

Helios Investment Partners Acquires Axxela

On December 1, 2016, private equity firm Helios Investment Partners acquired energy services and equipment company Axxela from Oando

Acquisition Highlights
  • This is Helios Investment Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Helios Investment Partners’ 4th transaction in Nigeria.

M&A Deal Summary
Date 2016-12-01
Target Axxela
Sector Energy Services and Equipment
Buyer(s) Helios Investment Partners
Sellers(s) Oando
Deal Type Divestiture

Target

Axxela

Lagos, Nigeria
website
Axxela was a pioneer developer of Nigeria’s foremost natural gas distribution network and has grown to become the largest private sector gas distributor in Nigeria.

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Buyer(S) 1

Buyer

Helios Investment Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2004
PE ASSETS 3.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Helios Investment Partners is a pan-African private equity firm. Helios looks to commit $15 to $200 million per transaction and will consider a broad range of investment situations. These include leveraged buyouts, recapitalizations, joint ventures, seed-stage venture capital, restructurings, and strategic public equity investments. Helios is a generalist investor however the firm has particular interest in communications, financial services, power, travel/leisure, distribution/logistics, and agriculture. Helios was formed in 2004 and is based in London.

DEAL STATS #
Overall 13 of 17
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 2 of 3
Country (Nigeria) 4 of 4
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-10 HTN Towers

Lagos, Nigeria

HTN Towers is an independent African tower operator having a diversified tower sites portfolio in urban and sub urban-centric.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-06 InterSwitch

Victoria Island, Nigeria

InterSwitch is an integrated digital payments and commerce company that facilitates the electronic circulation of money as well as the exchange of value between individuals and organizations on a timely and consistent basis. InterSwitch was founded in 2002 and is based in Victoria Island, Nigeria.

Sell -

Seller(S) 1

SELLER

Oando

Lagos, Nigeria

website

Category Company
Founded 1956
Sector Oil/Gas Exploration
DESCRIPTION

Oando Plc is a diversified oil and gas company. Oando is listed on both the Nigerian Stock Exchange and the JSE Securities Exchange in South Africa. Oando PLC was founded in 1956 and is based in Lagos, Nigeria.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 2 of 2
Country (Nigeria) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-02 East Horizon Gas Company

Calabar, Nigeria

East Horizon Gas Company Ltd. is a natural gas transmission and distribution pipeline.

Sell $250M
Mergr

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