Investment Summary

Africinvest and Catalyst Principal Partners Invest In Prime Bank

On January 9, 2019, growth capital firm Africinvest and private equity firm Catalyst Principal Partners invested in financial services company Prime Bank

Investment Highlights
  • This is Africinvest’s 5th and Catalyst Principal Partners’ 1st transaction in the Financial Services sector.
  • This is Africinvest’s 5th and Catalyst Principal Partners’ 4th transaction in Kenya.

Investment Summary

Date 2019-01-09
Target Prime Bank
Sector Financial Services
Investor(s) Africinvest
Catalyst Principal Partners
Deal Type Growth Capital

Target

Prime Bank

Nairobi, Kenya
Prime Bank is a commercial bank providing a variety of financial products and services to SME, corporate and retail banking customers. Prime Bank was founded in 1992 and is based in Nairobi, Kenya.

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Investor(S) 2

Investor

Africinvest

Tunis, Tunisia

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1994
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

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 30 of 57
Sector: Financial Services M&A 5 of 8
Type: Growth Capital M&A Deals 14 of 20
Country: Kenya M&A 5 of 7
Year: 2019 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Guenifey

Aix-En-Provence, France

Guenifey specialises in inheritance genealogy whose main missions are to verify inheritance devolutions, search for all the potential heirs of a deceased person, represent the heirs found in the settlement of the succession in order to best preserve their interests. Guenifey was founded in 2001 and is based in Aix-En-Provence, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-03 InstaDeep

London, United Kingdom

InstaDeep is an Artificial Intelligence company that makes use of AI to help businesses make complex decisions, better design their products and solve problems that are not easily solved with traditional approaches. InstaDeep was founded in 2014 and is based in London, United Kingdom.

Buy -
Investor
DESCRIPTION

Catalyst Principal Partners is a privat equity firm focused on investing in emerging and mid-sized companies operating in Eastern Africa. Catalyst looks to invest $5 to $20 million per transaction and typically pursues companies in the consumer goods, retail, financial services, business services, industrials, manufacturing, technology, and communications sectors. Catalyst Principal Partners was formed in 2009 and is headquartered in Nairobi, Kenya.


DEAL STATS #
Overall 9 of 9
Sector: Financial Services M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
Country: Kenya M&A 4 of 4
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-09 Mammoth Foam Africa

Ebene, Mauritius

Mammoth Foam Africa produces over twenty varieties of mattresses. Mammoth Foam Africa is a manufacturer, exporter, and supplier of polyurethane foam mattresses. Mammoth Foam Africa was founded in 2019 and is based in Ebene, Mauritius.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-06 Britania Foods

Nairobi, Kenya

Britania Foods is a manufacturer of biscuits. Britania Foods is based in Nairobi, Kenya.

Sell -