Add-on Acquisition • Financial Services

I&M Bank Acquires Banque Commerciale du Rwanda

On July 18, 2012, I&M Bank acquired financial services company Banque Commerciale du Rwanda from Actis Capital

Acquisition Context
  • This is I&M Bank’s 1st transaction in the Financial Services sector.
  • This is I&M Bank’s 1st transaction in Rwanda.

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M&A Deal Summary

Date July 18, 2012
Target Banque Commerciale du Rwanda
Sector Financial Services
Buyer(s) I&M Bank
Sellers(s) Actis Capital
Deal Type Add-on Acquisition

Target Company

Banque Commerciale du Rwanda

Kigali, Rwanda
Banque Commerciale du Rwanda Ltd. provides a variety of banking services to commercial and retail customers, operating a seven-branch network headquartered in Kigali.
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Buyer Overview 1

Buyer

I&M Bank

Nairobi, Kenya

Category Company
Founded 1974
Sector Financial Services
DESCRIPTION

I&M Bank is a regional commercial bank offering a full range of corporate and retail banking services. I&M Bank was formed in 1974 and is based in Nairobi, Kenya.


Deal Context for Buyer #
Overall 1 of 2
Sector: Financial Services 1 of 2
Type: Add-on Acquisition 1 of 2
Country: Rwanda 1 of 1
Year: 2012 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 Orient Bank

Kampala, Uganda

Orient Bank is a medium-size commercial bank licensed by the Bank of Uganda to provide banking, stockbroking, and other related financial services to retail and corporate customers. Orient Bank was founded in 1993 and headquartered in Kampala, Uganda.

Buy -

Seller Profile 1

SELLER

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London, United Kingdom.


Deal Context for Seller #
Overall 32 of 92
Sector: Financial Services 3 of 10
Type: Add-on Acquisition 16 of 46
Country: Rwanda 1 of 1
Year: 2012 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-01 Sandhar

Gurgaon, India

Sandhar provides a range of components for automobile manufacturers and is based in Gurgaon, Haryana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-15 Poulina Group Holding SA

Tunis, Tunisia

Poulina pioneered the poultry industry in Tunisia and subsequently diversified into branded food, building products and ancillary industries across the Maghreb region.

Sell -