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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.

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