I&M Group PLC successfully raised approximately $4.19 billion from AfricInvest, FMO, and Norfund, acquiring a 15.14% stake to support its strategic digital transformation and regional expansion efforts.

Information on the Target

I&M Group PLC is a leading diversified financial services provider based in East Africa, primarily focusing on retail and micro, small, and medium-sized enterprises (MSMEs) banking. The company has built a robust portfolio that caters to a wide array of financial needs, ranging from personal banking services to corporate solutions, thereby positioning itself as a significant player in the region's banking sector.

Recently, I&M Group successfully completed a capital raise of approximately $4.19 billion, with significant investments made by strategic partners, enhancing its capacity for operational growth and digital transformation.

Industry Overview in the Target’s Specific Country

The financial services industry in East Africa is experiencing rapid growth, characterized by increased digital adoption and a burgeoning middle class seeking innovative banking solutions. The sector is witnessing a shift toward