Mergers & Acquisitions

Botswana

2018

USD 70 M
Sole Advisor and Arranger

Letshego

Verdant Capital has raised approx. BWP 256 million (approx. USD 25.6 million) for Letshego from leading European specialist and impact investors. Letshego incorporated in 1998 and headquartered in Gaborone Botswana, is a leading pan-African inclusive financial institution operating in eleven African markets spanning Southern, Eastern and Western African and focuses on delivering inclusive finance solutions to underserved populations. Letshego is listed on the BSE with a market capitalisation of nearly USD 400 million.

The funding will be used to support a variety of the Group’s growth ambitions including: the expansion of its loan book in selected markets of operation; additional investment into the Group systems and financial solutions technology; as well as embedding existing and new strategic partnerships to expand the Group’s customer base.