TLG Capital begins private placement partnership plans with Calbank Ghana

GHANA – TLG Capital, a permanent capital investment vehicle, has announced that it is commencing a private placement partnership with Calbank Ghana, through its Africa Growth Impact Fund (AGIF). CalBank is Ghana’s leading independent bank, which commenced operations in July 1990, and is considered one of the most innovative banks in Ghana. For over three decades, CalBank has been a pillar of strength for the Ghanaian financial services sector. The bank is passionate about community involvement activities and believes in investing and developing the community. Since inception, the bank strongly…

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TLG Capital, Fidelity Bank Plc to invest US$20m on SMEs in Nigeria

NIGERIA – TLG Capital, a private equity firm, has partnered with Fidelity Bank Plc to invest US$20 million on SMEs in Nigeria that are focused on healthcare, education, consumer sectors, amongst others. The funds will be channelled through TLG’s Africa Growth Impact Fund (ADIF), towards the development of SMEs in the country. This new investment is in line with the bank’s move to provide innovative funding options and other forms of relevant support to entrepreneurs in the country. Fidelity Bank Plc is a commercial bank in Nigeria with over 5…

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TLG Capital exits investment in Branch International Financial Services Limited

NIGERIA – TLG Capital, an investment holding company, has announced its exit from Branch International Financial Services Limited (Branch Nigeria), an investment made through its Credit Opportunities Fund (TLG COF).  TLG’s investment was made in Naira and repatriating its funds in USD successfully is a testament to TLG’s deep experience in the region, and specifically Nigeria.  2020 saw a challenging FOREX liquidity crisis hit Nigeria, triggered by a combination of COVID-19 and the worst oil price shock on record.   “TLG has been an ideal investor. They took time to understand…

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TLG Capital acquires 49% stake in Opportunity Bank Uganda Ltd

UGANDA – TLG Capital (TLG) has announced the purchase of 49% stake in Opportunity Bank Uganda Ltd (OBUL), a tier commercial bank with 23 branches and 22 ATM points across Uganda. The bank was originally a microfinance institution founded in 1995 offering tailormade products and services for individuals, micro-businesses and small-and-medium sized enterprises (SMEs). The transaction makes TLG the largest shareholder of OBUL with the remaining shareholders being Opportunity International Group (43%), Faulu Uganda (7%) and Food for the Hungry (1%). TLG’s investment was made via its Credit Opportunities Fund (COF) and…

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