Back to the complete issue
Wednesday, 3 January 2018

CI Capital completes acquisition of 80% of Reefy

M&A WATCH- CI Capital completes acquisition of 80% of Reefy: CI Capital announced yesterday that it has completed the acquisition of an 80% stake in microfinance provider Reefy. The acquisition was first announced last October. “CI Capital’s management plans to integrate Reefy into its non-banking financial services business,” the announcement said, adding that Reefy’s management team “will continue to lead the business given their proven ability to develop financing solutions.” The value of the transaction was not disclosed.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2018 Enterprise Ventures LLC.