Arise makes two African banking investments

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.

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