Investment Summary

LeapFrog Investments Invests In miLife

On January 27, 2016, growth capital firm LeapFrog Investments invested in insurance company miLife

Investment Highlights
  • This is LeapFrog Investments’ 9th transaction in the Insurance sector.
  • This is LeapFrog Investments’ 3rd transaction in Ghana.

Investment Summary

Date 2016-01-27
Target miLife
Sector Insurance
Investor(s) LeapFrog Investments
Deal Type Growth Capital

Target

miLife

Accra, Ghana
miLife is a life insurer, with a significant market share in funeral and educational savings policies. It is focused on the mass market and seeks to reach over 1 million people by 2020. miLife was founded in 2005 and is based in Accra, Ghana.

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Investor(S) 1

DESCRIPTION

LeapFrog Investments is a private equity firm focused on opportunities across Asia and Africa. The Firm looks to invest $10 to $50 million per transaction to fund high-growth, financial services and healthcare businesses operating in fast growing markets. LeapFrog is an active investor and looks to support portfolio companies with operations, sales, human resources, and other core business functions. LeapFrog Investments was formed in 2007 and is headquartered in Ebene, Mauritius.


DEAL STATS #
Overall 15 of 33
Sector (Insurance) 9 of 12
Type (Growth Capital) 8 of 17
Country (Ghana) 3 of 5
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-13 Dvara Trust

Chennai , India

Dvara Trust is a Indian financial services innovator creating an ecosystem to reach households and businesses previously excluded from financial services, and pool and distribute this risk across a broad base of large investors. In doing so, it is changing the face of financial inclusion in India, where banking and insurance penetration remain low. Dvara Trust was founded in 2008 and is based in Chennai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-11 Northern Arc

Chennai, India

Northern Arc is a non-banking finance corporation providing the crucial link between debt capital markets and high quality Originators who reach out to the emerging consumers and business owners. Using its deep experience, unrivalled data processing skills, proven and proprietary risk management processes. Northern Arc was founded in 2008 and is based in Chennai, India.

Sell -