Bamboo Finance Acquires Accion Investment Fund in a US$105 Million Transaction (Global)
Source: Bamboo Finance
Global microfinance private equity investor Bamboo Finance has acquired the Accion Investment Fund from Accion Investments, a subsidiary of global non-profit microfinance organization Accion International, for US$105 million. Bamboo Finance made the acquisition through its US$195 million Bamboo Financial Inclusion Fund. Going forward, Bamboo Finance will manage Accion’s Latin American investments, while its Sub-Saharan investments will be jointly managed by Bamboo and Accion’s Gateway fund.