Stake Purchase • Insurance

Saham Finances S.A. Invests In Unitrust Insurance Co.

On November 4, 2014, Saham Finances S.A. invested in insurance company Unitrust Insurance Co.

Investment Context
  • This is Saham Finances S.A.’s 4th transaction in the Insurance sector.
  • This is Saham Finances S.A.’s 1st transaction in Nigeria.

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Investment Summary

Date November 4, 2014
Target Unitrust Insurance Co.
Sector Insurance
Investor(s) Saham Finances S.A.
Deal Type Stake Purchase

Target Company

Unitrust Insurance Co.

Lagos, Nigeria
Unitrust Insurance Co. Ltd. is an insurance company. UNITRUST provides a range of products over in all areas of Non-life Insurance. Unitrust Insurance Co. Ltd. was established in 1981 and is headquartered in Lagos, Nigeria.
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Investor Overview 1

Investor

Saham Finances S.A.

Casablanca, Morocco

Category Company
Sector Insurance
Employees3,000
DESCRIPTION

SAHAM Finances is an insurance group with operations in 26 countries across North, West and East Africa, and the Middle East. It predominantly writes personal lines general insurance business (exceeding 80% of its portfolio), but is in the process of diversifying this. SAHAM Finances has approximately 61 subsidiaries, a network of 700 branches and a staff complement of more than 3,000 people. SAHAM Finances has a leading market share in many of the markets in which it operates.


Deal Context for Investor #
Overall 4 of 6
Sector: Insurance 4 of 6
Type: Stake Purchase 1 of 2
Country: Nigeria 1 of 2
Year: 2014 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-16 CORAR AG LTD.

Kigali, Rwanda

CORAR AG LTD. is a provider of insurance products and services for individuals, professionals, and enterprises.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-17 Continental Reinsurance

Lagos, Nigeria

Continental Reinsurance is a reinsurance company offering both treaty and facultative Life and Non-Life reinsurance, with a well-diversified business mix and customer base. From its Nigerian base, the company has grown a diversified Pan-African portfolio, adding value wherever it goes, and developing enduring partnerships premised on ‘Pan-African Commitment made local’. Continental Reinsurance was formed in 1985 and is based in Lagos, Nigeria.

Buy -

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