Investment Summary

TPG and Satya Capital Invest In Cellulant

On May 14, 2018, private equity firms TPG and Satya Capital invested in information technology company Cellulant

Investment Highlights
  • This is TPG’s 21st and Satya Capital’s 2nd transaction in the Information Technology sector.
  • This is TPG’s 1st and Satya Capital’s 2nd transaction in Kenya.

Investment Summary

Date 2018-05-14
Target Cellulant
Sector Information Technology
Investor(s) TPG
Satya Capital
Deal Type Venture
Advisor(s) DAI Magister (Financial)

Target

Cellulant

Nairobi, Kenya
Cellulant is a one-stop digital payments company; providing the glue connecting everyone to everything, every day. The company is growing to fix the continent's payments problems by connecting 700m mobile users to payments that power their daily lives. Cellulant’s providing solutions to everyday challenges across Africa has led to digitizing payments end to end for various value chains and as a result, providing increased transparency and broader reach within a single mobile platform for financial sector players. Cellulant was founded in 2004 and is based in Nairobi, Kenya.

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Investor(S) 2

Investor

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 324 of 421
Sector (Information Technology) 21 of 31
Type (Venture) 78 of 94
Country (Kenya) 1 of 1
Year (2018) 14 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-14 GreenSky

Atlanta, Georgia, United States

GreenSky is a technology company powering commerce at the point of sale for a growing ecosystem of merchants, consumers, and banks. The company's highly scalable, proprietary, and patented technology platform enables merchants to offer frictionless promotional payment options to consumers, driving increased sales volume and accelerated cash flow. Banks leverage GreenSky’s technology to provide loans to super-prime and prime consumers nationwide. GreenSky was formed in 2006 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-17 HALO

Sterling, Illinois, United States

HALO is a marketing services platform that distributes promotional products and provides employee recognition services. HALO was founded in 1952 and is headquartered in Sterling, Illinois.

Buy -
Investor
DESCRIPTION

Satya Capital is a private investment firm focused on providing long-term growth capital to companies throughout Africa. The Firm targets investments from $20 to $100 million dollars and invests in a broad range of sectors including consumer, retail, healthcare, technology, media, telecommunications, and financial services. Satya works in partnership with TPG Growth, the middle-market and growth equity investment platform of TPG Capital. Satya Capital is based in London.


DEAL STATS #
Overall 7 of 8
Sector (Information Technology) 2 of 2
Type (Venture) 2 of 2
Country (Kenya) 2 of 2
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-19 TRACE

Clichy, France

TRACE is a global multi-platform media and entertainment company that is recognized as the leading youth media brand in Sub-Saharan Africa. TRACE was founded in 2003 and is based in Clichy, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-12 Wilderness Holdings

Gaborone, Botswana

Wilderness Holdings is an ecotourism group with operations in seven African countries and a mission to conserve and restore African wilderness and wildlife. Wilderness Safaris and the Governors’ Camp Collection operate camps and safaris in some of Africa’s best wildlife and wilderness areas across seven different countries: Botswana, Kenya, Namibia, Rwanda, South Africa, Zambia, and Zimbabwe. Wilderness Holdings was founded in 1983 and is based in Gaborone, Botswana.

Buy -