Investment Summary

Africinvest Invests In REGIC

On October 6, 2021, growth capital firm Africinvest invested in insurance company REGIC

Investment Highlights
  • This is Africinvest’s 1st transaction in the Insurance sector.
  • This is Africinvest’s 4th transaction in Nigeria.

Investment Summary
Date 2021-10-06
Target REGIC
Sector Insurance
Investor(s) Africinvest
Deal Type Stake Purchase

Target

REGIC

Lagos, Nigeria
REGIC offers a full range of general and special risks insurance products. With decades of experience in the Nigerian market, REGIC has an enviable reputation for technical competence and financial strength. REGIC was founded in 2008 and is based in Lagos, Nigeria.

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Investor(S) 1

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 43 of 54
Sector (Insurance) 1 of 2
Type (Stake Purchase) 8 of 9
Country (Nigeria) 4 of 6
Year (2021) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-23 Baobag

Floirac, France

Baobag is a pure distributor of Flexible Intermediate Bulk Containers (“FIBC”), commonly known as big bags. The company operates throughout the value chain, including design, sourcing, transportation, and storage. Baobag was formed in 2007 and is based in Floirac, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-12 RAYNAL Assurances IARD

Ouagadougou, Burkina Faso

RAYNAL Assurances IARD is an insurance company underwrites a large range of non-life insurance risks associated to automotive, health, accident, fire, transport, and other multi-risks, addressing a clientele composed of both corporate and retail customers. RAYNAL Assurances IARD is based in Ouagadougou, Burkina Faso.

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Mergr

Product

Company

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