Exits

Lagos, Nigeria, Capital Markets in Africa — Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, along with its investment partners, announces the sale of C-Re Holding Limited (“C-Re Holding”) to Saham Finances S.A (“Saham”), the insurance arm of Saham Group. C-Re Holding holds a 53.6% stake in Continental Reinsurance Plc (“Continental Re”), a private reinsurance company in Africa, excluding South Africa. Under ECP’s ownership, Continental Re has…

Tunis, Tunisia, Capital Markets in Africa — AfricInvest is pleased to announce that its fund AfricInvest Ltd., acting as lead investor, alongside FMO (the Dutch development bank), Finnfund (Finnish Fund for Industrial Cooperation Ltd.), Bank of Africa Group (a pan-African bank majority-owned by BMCE bank of Morocco) and Gras Savoye (a French insurance broker), has completed the sale of its 59.34% equity stake in Alios Finance S.A. to TLG Finance, a holding company controlled by…