Economy / Kenya
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Aureos Highlight Ugandan Microfinance
September 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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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