Genesis advises Carlyle Group on Africa deal

Project name:
Due diligence of a credit ratings agency

Service:
Transaction advisory
Capital markets

Sector:
Financial services

Area of Expertise:
Commercial and strategic due diligence

Client:
The Carlyle Group

Date:
2016

Country:
Kenya
Nigeria
South Africa


Genesis provided commercial due diligence services to global alternative asset manager The Carlyle Group on its investment in Global Credit Ratings (GCR). 

GCR is a pan-African credit rating agency that has been in operation for 20 years and provides credit ratings and analysis services to insurers, financial institutions, the public sector and other corporate entities across 20 African countries.

Carlyle commissioned the Genesis team to conduct the commercial due diligence on GCR. This entailed estimating the addressable market for credit ratings, exploring the competitive landscape and understanding the legal and regulatory environment for the credit rating industry in GCR’s core markets. 

Based on these findings, Genesis also built a comprehensive financial model to support the transaction.

Press release: Carlyle Group to Acquire Significant Shareholding in Africa’s Largest Credit Rating Agency

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