Kibo Fund I partially exits Madison Finance investment

16 Dec 2015

Regional PE fund Kibo I has partially exited its investment in Madison Finance Company Limited (MFinance) through redemption of its preference shares. MFinance is a licensed microfinance institution in Zambia with a network of 18 branches. TKF acquired a 25% stake in MFinance in 2013, and invested in additional preference shares to help the business grow its existing loan book to small and medium enterprises. Kibo I remains a partner with MFinance through its investment in ordinary shares.

« Back to Member News

Last chance to register for AVCA Connect with @TheNewPractice! Join us for an informal evening of networking tomorr… https://t.co/ocyTzQhTkW

Join us on the 16th October for an informal evening of networking at the Ocean Terrace in Lagos, Nigeria. Register… https://t.co/tKTbpApY3V

Financials, Consumer Discretionary and the Consumer Staples sectors have been the highest performing sectors, by vo… https://t.co/r0QfHF8kkf

Just one more week until AVCA Connect with @TheNewPractice. Connect with the leading private investment professiona… https://t.co/2KRiz4IgWH

Verod Capital Management has announced its exit from UTL Trust Management. Read more: https://t.co/76326LN1K9

;