Arise makes two African banking investments
15 February 2017
Newly formed investment company, Arise has recently acquired a 27.7% stake in CAL Bank in Ghana.
The shareholding in CAL Bank was acquired by Arise from DPI, an Africa-focused private equity firm with assets in excess of $1bn under management. Settlement is to be effected on 14 February 2017.
PwC Transaction services and Genesis Analytics acted as due diligence advisors to Arise.