It’s a private equity group founded by two Nigerians (sounds suspicious already doesn't it?). The two are however successful investment bankers/private equity deal makers in their own right having worked for Texas Pacific Group-among the largest private groups in the world with funds under management of $30bn+.
Babatunde Soyoye, the MD was also MD for TPG Europe. Tope Lawani also worked with him.
Main Investors in Hellios:
CDC with $50m repreent the UK interest; OPIC also with $50 represents the US and IFC with $20m represents world Bank. Others with undisclosed
sums are Soros Fund; TPG and our own Transcentury with 1% holding. Its total funds under mansgement
are circa $300m
Investment in First Monument Bank of Nigeria
JV with Portugal Telecom
Sold its joint holding with Actis in Flamingo to James Finlay
Took 25% stake in Equity to be disposed off no earlier than 2014.
So apart from the fact that its a Nigerian-led outfit, what are the issues?
An attempt on Kimendeero? Wonders never cease.