Early last year, TransCentury #ticker:TCL found itself in a financial knot as its Sh8 billion bond (inclusive of interest and exchange rate impacts) fast-approached maturity.
As the investment firm negotiated with its bondholders, New York-based private equity fund Kuramo Capital came to the rescue, making an equity injection of $20 million (Sh2 billion) in exchange for a 25 per cent stake.
