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Investment Summary

Emerging Capital Partners Invests In Wananchi Group

On September 23, 2009, growth capital firm Emerging Capital Partners invested in communications company Wananchi Group

Investment Highlights
  • This is Emerging Capital Partners’ 7th transaction in the Communications sector.
  • This is Emerging Capital Partners’ 2nd transaction in Kenya.

Investment Summary
Date 2009-09-23
Target Wananchi Group
Sector Communications
Investor(s) Emerging Capital Partners
Deal Type Growth Capital

Target

Wananchi Group

Naiobi, Kenya
Wananchi Group is an East African media and telecommunications company specializing in pay television and high-speed Internet services in Kenya and Tanzania. Wananchi's consumer division operates under the Zuku brand and provides cable television and broadband Internet services to residential customers in Kenya. Wananchi's corporate division operates under the SimbaNET brand and provides of the Internet and virtual private network services to corporations, local governments, and non-governmental organizations in Kenya and Tanzania. Wananchi Group was founded in 2008 and is based in Naiobi, Kenya.

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Investor(S) 1

Investor

Emerging Capital Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2000
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Emerging Capital Partners LLC (ECP) is a private equity firm that invests in diversified businesses across the Africa. ECP targets companies with proven operating models and strong market positions. Broad areas of interest include financial services, telecommunications, transport logistics, petrochemicals, natural resources, agribusiness, and utilities. Emerging Capital Partners was formed in 2000 and is based in Washington, DC. The Firm has additional offices in Paris, Abidjan, Casablanca, Douala, Johannesburg, Lagos, and Tunis.

DEAL STATS #
Overall 31 of 38
Sector: Communications M&A 7 of 8
Type: Growth Capital M&A Deals 5 of 7
Country: Kenya M&A 2 of 5
Year: 2009 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-27 Almes

Casablanca,

Almes is the holding company of Entreprise Marocaine de Travaux (EMT) and Somadiaz. Founded in 1969, EMT is a construction company specializing in public works infrastructure projects such as dams, levees and airports. Founded in 1956, Somadiaz is an equipment leasing company that provides specialized equipment to commercial and industrial clients.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-03 Finagestion SA

Paris, France

Finagestion is a Paris-based holding company controlling several concessions in the water and electricity sectors in Côte d'Ivoire and Senegal. Finagestion's four core subsidiaries are SODECI, a water production and distribution company in Côte d'Ivoire, CIE, a power transmission and distribution company in Côte d'Ivoire, CIPREL, a 320MW power generation company based in Côte d'Ivoire, and SDE, a production and distribution company in Senegal.

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