Investment Summary

8 Miles and International Finance Invest In eleni

On June 3, 2013, private equity firm 8 Miles and International Finance invested in financial services company eleni

Investment Highlights
  • This is 8 Miles’ 1st and International Finance’s 2nd transaction in the Financial Services sector.
  • This is 8 Miles’ 1st and International Finance’s 1st transaction in Ethiopia.

Investment Summary

Date 2013-06-03
Target eleni
Sector Financial Services
Investor(s) 8 Miles
International Finance
Deal Type Growth Capital

Target

eleni

Addis Ababa, Ethiopia
eleni designs, builds and deploys turn-key commodity exchanges in Africa, including the ancillary supporting infrastructure. eleni is based in Addis Ababa, Ethiopia.

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Investor(S) 2

Investor
DESCRIPTION

8 Miles is a private equity firm focused on investing in Africa. The Firm looks to invest in high-growth companies and generally seeks to commit $15 to $45 million per transaction. Sectors of interest include agriculture, business services, financial services, consumer products, retail, energy, utilities, healthcare, leisure, real estate, telecom, media, technology, and logistics. 8 Miles was formed in 2008 and is based in London.


DEAL STATS #
Overall 1 of 8
Sector: Financial Services M&A 1 of 2
Type: Growth Capital M&A Deals 1 of 2
Country: Ethiopia M&A 1 of 3
Year: 2013 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-01 Awash Wine

Addis Ababa, Ethiopia

Awash Wine produces and sells wines to hotels, restaurants, bars and supermarkets across Ethiopia. Awash Wine was founded in 1936 and is based in Addis Ababa, Ethiopia.

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Investor

International Finance

Washington, District of Columbia, United States

Category Company
Sector Financial Services
DESCRIPTION

International Finance Corp. is a sister organization of the World Bank and a member of the World Bank Group—is a global development institution focused on the private sector in developing countries. International Finance is based in Washington, District of Columbia.


DEAL STATS #
Overall 2 of 8
Sector: Financial Services M&A 2 of 2
Type: Growth Capital M&A Deals 1 of 3
Country: Ethiopia M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-23 Poonawalla Fincorp

Mumbai, India

Poonawalla Fincorp is a non-deposit taking non-banking finance company (NBFC), registered with the Reserve Bank of India (RBI) as an Asset Finance Company. Poonawalla Fincorp was founded in 1978 and is based in Mumbai, Maharashtra.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-07 Hygeia Nigeria

Lagos, Nigeria

Hygeia Nigeria is a provider of integrated healthcare delivery system which focuses on capacity building for healthcare professionals. Hygeia Nigeria was founded in 1984 and is based in Lagos, Nigeria.

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