PE Helios rakes in Sh52bn from Equity stake sale

Majority of the large investors who bought out Helios Investment Partners’ 24.99 per cent stake in Equity Bank paid a 10 per cent premium on the market value of the shares, enabling the UK fund to raise up to $500 million (Sh52.5 billion) from the sale.

Equity CEO James Mwangi, who termed Helios exit as a record for sub-Saharan Africa, disclosed Thursday during an investor briefing that Helios was able to get premiums on the market price, then standing below Sh50.