Kenya's UAP Gets $56M PE Boost To Fuel African Expansion

Law360, New York (June 7, 2012, 2:56 PM EDT) -- Kenyan financial services group UAP Holdings Ltd. said Wednesday that it has raised 4.7 billion Kenyan shillings ($55.6 million) from three institutional investors to shore up its balance sheet and further its reach throughout Africa.

U.K.-based Aureos Capital Ltd. led the investor group, which included Tunisia's TunInvest-AfricInvest Group and Sweden-based Swedfund International AB — all of which focus on ventures in emerging markets. UAP did not offer a funding breakdown.

UAP has built a sub-Saharan stronghold in the insurance and financial services sector with full operations...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.