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Private Equity

  • Overview
  • Experience

Many businesses in Kenya and the region, particularly small- to medium-sized enterprises (SMEs), require capital to finance their growth strategies and long-term goals. A number of them may be unable to access bank loans or other debt financings (due to a lack of conventional collateral, for example).

This is when businesses look towards private equity firms to invest requisite capital in the form of equity, quasi-equity, convertible debts and / or term loans.

We assist private equity and venture capital firms in making investments locally and across East Africa in cross-border transactions. We also assist and act for target and investee companies in private equity investment deals.

IKM is an associate member of the East Africa Venture Capital Association (EAVCA), an umbrella body comprising private equity and venture capital organizations with interests in East Africa and across the region.

Capabilities

  • Structuring

  • PE Investments

  • Regulatory advice

  • Fund establishment

  • Mergers and acquisitions

  • Exits
  • Buyouts

Experience has included advising:

  • Several private equity players in the market, including Centum Investment Company Limited, Fanisi Venture Capital Fund, Citadel, Qalaa Holdings (formerly Citadel Capital SAE), Fusion Capital and Progression Capital. IKM has also represented clients in investments by PE Funds, including TBL Mirror, Velocity Capital, Amethis Africa Finance, and Acumen Fund LLP.
  • A private equity fund in Luxembourg with a feeder fund in Mauritius.
  • Cellulant Corporation in an investment transaction by way of preference shares for three private equity investors, namely Stichting Administratiekantoor TBL Management, Velocity Private Equity B.V. (both based in The Netherlands) and Progression Eastern African Microfinance Equity Fund (based in Mauritius).
  • Progression Eastern African Microfinance Equity Fund in Mauritius in an investment in a leading financially regulated institution in Kenya.
  • The International Finance Corporation and Norfund (a leading development finance institution based in Norway) on investment by way of convertible debt in a leading company in South Sudan whose parent company and guarantor of obligations is a Kenyan company listed on the Nairobi Securities Exchange with subsidiaries within East Africa.
  • A development finance institution, which was the anchor investor in a private equity fund, in a partial acquisition of a local information and communications technology (ICT) company.
  • Qalaa Holdings, a private equity company in Cairo and parent company of the principal shareholder, in the Rift Valley Railways consortium (RVR).