Aureos Highlight Ugandan Microfinance

September 2008 | M&A News Alert

EM-specialists and CFW-regular Aureos Capital has successfully sold its stake in Uganda Microfinance (UML) to Equity Bank, a major Kenyan bank listed on the Nairobi exchange. Aureos is a leading private equity fund specialising in providing growth capital to small- and mid-cap businesses throughout emerging economies. All UML shareholders, including The Norwegian Investment Fund for Developing Countries (Norfund) received a total of 8,067,797 shares of Equity Bank at a price of KES (US$2.93) a share, bringing the total deal value to US$25.5mn. UML is a leading provider of micro-finance in Uganda

If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Corporate Financing Week please click on the trial link below.