Helios to Invest US$100 Million in Global Credit Provider Bayport Management (Sub-Saharan Africa)

Source: Bayport Management

Pan-African private equity firm Helios Investment Partners will invest US$100 million in Mauritius-listed Bayport Management (BML), provider of unsecured credit and other financial solutions in Africa and Latin America. BML will use the funding to partially finance its acquisition of Bayport Financial Services South Africa (BFS) from financial services group Transaction Capital for an enterprise value of ZAR1.6 billion (approximately US$164 million). After the transaction, funds advised by Helios Investment Partners together with Swedish group Investment AB Kinnevik will hold over 50 percent of the combined group’s shareholding. BML’s founders originally sold an 82.7 percent stake in BFS to Transaction Capital in 2010.