The East African Transactions Landscape during COVID-19

June 2, 2020

By Kevin Kuria
Senior associate

Performance so far – A Resilient Market

Following confirmation of the first case of coronavirus infection in East Africa, the expectation has been a slow-down in deal making activity in the region. However, the market has remained resilient with the number of disclosed transactions in East Africa in 2020, thus far, maintaining pace with that of previous years. As at the end of April, the market had recorded 31 corporate transactions valued at c. USD 360 million straddling across private equity and trade player M&A. This in comparison with the 26 and 27 disclosed corporate transactions valued at c. USD 847 million and c. USD 137 million at the same time in 2019 and 2018 respectively. We attribute this to the fact that a large proportion of deals in the region tend to take more than 12 months from initiation to completion and crucially investor confidence in the long term superior returns available from investment in the region.

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DealMakers Africa 2nd Annual Gala Awards

March 31, 2020

IMBC won the best Financial Advisor by Transaction Flow category for Mergers and Acquisitions in East Africa at the DealMakers Africa 2nd Annual Gala Awards held on 3rd March 2020 in Nairobi. The category recognizes the most active advisors in the region as determined by the number of successfully closed transactions.

I&M Burbidge Capital awarded the Financial Advisor of the Year Award

December 22, 2019

We are delighted to have been awarded the Financial Advisor of the Year Award at the 2019 East Africa Private Equity & Venture Capital Association Annual Gala Dinner and Industry Awards. This is a reflection of the hard work and commitment the team has put in to provide very high-quality financial solutions that meet our clients’ needs.
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Edward Burbidge at the 2nd African Women International Business and Investment Summit

December 22, 2019

Our CEO, Edward Burbidge, spoke at the 2nd African Women International Business and Investment Summit, hosted by African Women Investors in collaboration with Strathmore Business School and Minnesota State University on the 13th of December. The summit empowers women to invest in Africa’s emerging markets for long term socio-economic development. Presenting an analysis on East African Markets and Opportunities, Edward provided valuable insights into the performance of 5 key asset classes with a comparison across East Africa.
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If, you’re to succeed at 40…

December 22, 2019

Edward Burbidge, CFA, wrote an article in the Business Daily on his experience in setting up and running an advisory business in East Africa at the young age of 31 whilst starting a young family at the same time. Edward recognizes the tremendous achievements of the Top 40 Under 40, and notes the immense sacrifice required to make them.
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Highlights from the Capital Raising Seminar

October 10, 2018

“An experienced Private Equity investor can be a very useful partner who brings in more than just money”

This was one among many of the nuggets shared by practitioners from I&M Burbidge Capital (IMBC), I&M Bank, IFC Africa, Ethos Private Equity, RSM East Africa, Walker Kontos and ISBI Institute @ Strathmore (ISBI) with participants that attended the Capital Raising seminar held at the Strathmore Business School (SBS) between the 21st and 22nd of June. The event was organised by IMBC and ISBI.
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Capital raising seminar

June 13, 2018

Have you registered for the I&M Burbidge Capital & ISBI Institute at Strathmore Business School Capital Raising Seminar?
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I&M Burbidge Capital advises DFCU Bank on the sale of its stake in Crane Bank Rwanda

June 7, 2018

I&M Burbidge Capital is pleased to announce that it has advised DFCU Bank in the sale of its majority stake in Crane Bank Rwanda. The sale was concluded to CBA Bank, an East African Bank based in Kenya. The transaction has received all regulatory approvals and closed successfully.

DFCU sold its entire stake in Crane Bank Rwanda, the Rwanda unit of Crane Bank which it acquired in 2017. DFCU is the 6th largest bank in Uganda with a strong presence in the SME market. The bank provides personal, business, and corporate banking services in Uganda. Its focus is to improve access to financial services and to contribute to the transformation of Uganda’s agricultural sector.