Investment Summary

8 Miles Invests In Orient Bank

On February 24, 2015, private equity firm 8 Miles invested in financial services company Orient Bank

Investment Highlights
  • This is 8 Miles’ 2nd transaction in the Financial Services sector.
  • This is 8 Miles’ 2nd transaction in Uganda.
Investment Fate
  • Orient Bank was sold to a publicly-traded strategic buyer in 2021.

Investment Summary

Date 2015-02-24
Target Orient Bank
Sector Financial Services
Investor(s) 8 Miles
Deal Type Stake Purchase

Target

Orient Bank

Kampala, Uganda
Orient Bank is a medium-size commercial bank licensed by the Bank of Uganda to provide banking, stockbroking, and other related financial services to retail and corporate customers. Orient Bank was founded in 1993 and headquartered in Kampala, Uganda.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 1

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 5 of 8
Sector: Financial Services M&A 2 of 2
Type: Stake Purchase M&A Deals 4 of 6
Country: Uganda M&A 2 of 2
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-02 Eagle Chemical

Cairo, Egypt

Eagle Chemical is a manufacturer of over 30 product categories including alkyds, solvent-based acrylics, saturated polyesters, un-saturated polyester resins, and water-based emulsion binders. Eagle Chemical was founded in 1958 and is based in Cairo, Egypt.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-25 Verde Beef Processing

Adami Tulu, Ethiopia

Verde Beef Processing operates a current capacity to produce premium corn-fed beef for export. The company provides integrated facility with irrigated feed production capacity and a new state of the art abattoir production facility underway. Verde Beef Processing was founded in 2014 and is based in Adami Tulu, Ethiopia.

Buy -