Aureos Highlight Ugandan Microfinance

To read the full article, please choose one of the following options:

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