Investment Summary

Africinvest and Catalyst Principal Partners Invest In Prime Bank Kenya

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

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 Kenya
Sector Financial Services
Investor(s) Africinvest
Catalyst Principal Partners
Deal Type Growth Capital

Target

Prime Bank Kenya

Nairobi, Kenya
Prime Bank Kenya is a commercial bank providing a variety of financial products and services to SME, corporate and retail banking customers. Prime Bank has 21 branches across Kenya and leverages off alternative delivery channels to service its customers. Prime Bank Kenya 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 1.9B 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 29 of 54
Sector (Financial Services) 5 of 8
Type (Growth Capital) 14 of 20
Country (Kenya) 5 of 6
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-12 Mathevon Developpement

Saint-Etienne, France

Mathevon Developpement is a manufacturer of superalloy (particularly Inconel) and stainless steel safety parts exposed to harsh environments. Mathevon Developpement is based in Saint-Etienne, 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

Catalyst Principal Partners

Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 125M USD
Size Small
Type Sector Agnostic
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) 1 of 1
Type (Growth Capital) 1 of 1
Country (Kenya) 4 of 4
Year (2019) 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 -
Mergr

Product

Company

Legal