12 February 2013

Tanzania: Kenyan Private Equity Firm Rebrands

IN RETURN Capital, a Nairobi based private equity company that invests in small-to-medium sized enterprises (SMEs) across East Africa, has rebranded to Jacana Partners.

Jacana Partners is a leading pan-African SME private equity firm and long-term partner of In Return Capital. "The rebrand is the first phase of a legal merger that is expected to close in the first quarter of 2013. "The merger will create an SME private equity group with pan-African coverage that will manage a new $75 million SME fund expected to close later this year," according to a joint press release by the firms.

The move marks a significant boost for East African entrepreneurs seeking value-add expertise and growth capital for their SMEs. By partnering with Jacana, entrepreneurs will receive: increased access to private equity investment; dedicated on-the-ground investment teams; international private equity expertise and larger deal sizes of between $1-5 million (up from InReturn's current transaction size of $0.5-1.3 million).

Anthony Gichini, Partner at InReturn Capital said: "The merger of InReturn Capital with Jacana Partners represents a big step forward in private equity investment for SMEs in East Africa.

"Jacana's unique model combines international private equity experts with highly experienced local teams, meaning our entrepreneurs benefit from strategic advice from international business experts as well as dedicated African investment managers on-the-ground who can addvalue and provide hands-on management support.

"This combination is our winning formula which helps us build strong businesses and deliver superior returns." Simon Merchant, CEO of Jacana said: "By merging our African and European operations, we are consolidating our business into a single fund manager, operating under the Jacana brand. "

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