M&A Deal Summary |
|
|---|---|
| Date | 2020-11-24 |
| Target | Fidelity Bank |
| Sector | Financial Services |
| Buyer(s) |
Africinvest
LeapFrog Investments |
| Sellers(s) | Kagiso Tiso Holdings Pty |
| Deal Type | Divestiture |
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| Category | Growth Capital Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 1.9B USD |
| Size | Large |
| Type | Sector Agnostic |
Africinvest is a private equity firm focused on growth investments in African companies. The Firm generally targets minority investments in small to medium-sized companies, but Africinvest will consider select majority situations. Africinvest does not have any sector preferences and looks to hold for 4 to 6 years. Africinvest was formed in 1994 and is headquartered in Tunis, Tunisia.
| DEAL STATS | # |
|---|---|
| Overall | 37 of 54 |
| Sector (Financial Services) | 7 of 8 |
| Type (Divestiture) | 1 of 1 |
| Country (Ghana) | 3 of 3 |
| Year (2020) | 6 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-03-17 |
I&M Bank Rwanda
KIGALI, Rwanda I&M Bank Rwanda is a commerical bank in Rwanda. Today, the bank has a regional presence in Kenya, Tanzania, and in Mauritius (as Bank One) with multiple branches and location providing innovative financial services to customers across different segment of Corporate Banking, Retail Banking and Business Banking. I&M Bank Rwanda is based in Kigali, Rwanda. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-11 |
Aerobotics
Cape Town, South Africa Aerobotics develops a machine learning technology using high resolution and multi-dimensional sensing imagery from drones and satellites to provide tree specific insights with information on tree count, size, health and chlorophyll levels. The solution is also able to provide fruit-specific information from high-resolution imagery (fruit detection, size and color), which is critical in predicting yield and ultimately profit. Aerobotics is based in Cape Town, South Africa. |
Buy | - |
LeapFrog Investments is a private equity firm focused on opportunities across Asia and Africa. The Firm looks to invest $10 to $50 million per transaction to fund high-growth, financial services and healthcare businesses operating in fast growing markets. LeapFrog is an active investor and looks to support portfolio companies with operations, sales, human resources, and other core business functions. LeapFrog Investments was formed in 2007 and is headquartered in Ebene, Mauritius.
| DEAL STATS | # |
|---|---|
| Overall | 29 of 33 |
| Sector (Financial Services) | 9 of 10 |
| Type (Divestiture) | 1 of 1 |
| Country (Ghana) | 5 of 5 |
| Year (2020) | 4 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-09-01 |
Pasarpolis
Jakarta, Indonesia PasarPolis is Southeast Asia’s Insurance Technology (insurtech) platform. PasarPolis’ mission is to redefine insurance so that it can be accessed more easily, quickly, and on target by utilizing the latest technology. PasarPolis’ technology ensures a seamless consumer experience from product selection to claims. Pasarpolis was founded in 2015 and is based in Jakarta, Indonesia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-01 |
HDBank
Ho Chi Minh, Vietnam HDBank is a commercial bank providing general banking services. HDBank was founded in 1989 and is based in Ho Chi Minh, Vietnam. |
Buy | - |
Kagiso Tiso Holdings is an investment holding company which, through its legacy companies Kagiso Trust Investments and Tiso Group, boasts a track record of investment performance and creating long-term sustainable shareholder value. KTH currently has a portfolio of investments comprising market-leading companies across key sectors.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Financial Services) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (Ghana) | 1 of 1 |
| Year (2020) | 1 of 1 |
