Private equity firm Helios decides to withdraw from managing Nigerian natural gas distribution company
Helios Investment Partners, a prominent private equity firm in Africa managing assets worth over $3 billion, is planning to sell its majority stake in a gas distribution company. The sale, significant due to the size of Helios Investment Partners and the value of assets it manages, does not disclose specific terms, such as the buyer and sale price.
The sale comes three years after Helios made a partial exit from the same company. However, this is not the first major financial transaction by Helios Investment Partners recently. The firm has also signed a deal to acquire Telecom Egypt's data hub, further expanding its presence in the region.
The deal between Helios Investment Partners and Telecom Egypt is not a sale of a majority stake, unlike the previous transaction mentioned. Instead, it represents a new financial transaction by Helios Investment Partners, not a repeat of an earlier exit from the same company. The focus of the sale is a gas distribution company, whose name has not been specified.
The sale indicates continued interest in African markets by global private equity firms. Helios Investment Partners, based in London and with offices in Nairobi and Paris, is joined by other firms such as JPMorgan, Macquarie, and BlackRock in expanding into various regions, including the Asia Pacific, Saudi Arabia, Kuwait, and Egypt.
Macquarie, for instance, is aiming to establish a presence in Saudi Arabia after a preliminary deal with the Public Investment Fund (PIF). Similarly, BlackRock is opening an office in Kuwait to further its expansion in the Gulf region. JPMorgan is planning to increase its corporate banking hiring in the Asia Pacific region.
The expansion of these financial institutions into various regions indicates growing interest in these markets. The sale may signal a shift in Helios Investment Partners' investment strategy or focus, but the article does not provide specific details about the deal between Helios Investment Partners and Telecom Egypt. The potential buyers interested in acquiring the majority stake in the gas distribution company from Helios Investment Partners have not been publicly disclosed.
Read also:
- Globally Expanding Bonkers Corner Makes its Debut in UAE After Success in Mumbai Streets
- Susanne Otto to Develop Additional Housing Units
- Deepwater Port Construction Permits for Projects within the South Central Region's Air Regulations
- Citizen Thekla Walker, Minister, urges: "Let's face our responsibilities at home"
