Many businesses in Kenya and the region, particularly SMEs, require capital to finance their growth strategies and long-term goals. A number of them though may be unable to access bank loans or other debt financing (due to lack of conventional collateral, for example).
This is when businesses look towards private equity firms to invest requisite capital in the form of equity, quasi equity, convertible debts and/or term loans.
IKM assists private equity and venture capital firms in making investments locally and across East Africa in cross-border transactions. The firm also assists and acts for target and investee companies in private equity investment deals.
IKM is an associate member of the East Africa Venture Capital Association (EAVCA), an umbrella body comprising private equity and venture capital organisations with interests in East Africa and the region.
Our team has extensive experience in all major industries, including financial services, technology, telecommunications, agriculture, energy, oil, gas, mining, education and hospitality.
IKM advises clients on:
- Fund establishment
- Mergers and acquisitions
- Tax advice
- Advised generally for several private equity players in the market, including Centum Investment Company Limited, Fanisi Venture Capital Fund, Citadel, Qalaa Holdings (formerly Citadel Capital SAE), Fusion Capital and Progression Capital. IKM has also represented clients in investments by PE Funds, including TBL Mirror, Velocity Capital, Amethis Africa Finance, Acumen Fund LLP.
- Advised on setting up a private equity fund in Luxembourg with a feeder fund in Mauritius.
- Advised Cellulant Corporation in an investment transaction by way of preference shares for three private equity investors, namely Stichting Administratiekantoor TBL Management, Velocity Private Equity B.V (both based in The Netherlands) and Progression Eastern African Microfinance Equity Fund (based in Mauritius).
- Acted for Progression Eastern African Microfinance Equity Fund in Mauritius in an investment in a leading financially regulated institution in Kenya.
- Advised on an investment by the International Finance Corporation and Norfund (a leading development finance institution based in Norway) by way of a convertible debt in a leading company in South Sudan whose parent company and guarantor of obligations is a Kenyan company listed on the Nairobi Securities Exchange with subsidiaries within East Africa.
- Advised a development finance institution, which was the anchor investor in a private equity fund, in a partial acquisition of a local ICT company.
- Advised Qalaa Holdings, a private equity company in Cairo and parent company of the principal shareholder in the Rift Valley Railways consortium (RVR). The consortium was granted concession by the governments of Kenya and Uganda to operate railway freight services in those countries as well as railway passenger services in Kenya. IKM conducted a due diligence on RVR to ascertain the extent of compliance with its obligations under the concession framework with the governments of Kenya and Uganda ahead of further investments by development finance institutions
Chambers Global 2014
IKM Managing Partner, James Kamau, is particularly active on private equity deals, and mergers and acquisitions. Clients seek his representation on some of the most significant mandates. James impresses with the high quality of his work and his “business mind”.