UAP Holdings KES25 billion acquisition of Old Mutual Kenya

21/2/2015

Private acquisition

Value:

KSh 25 billion

Dollar value:

$ 277 million

Status:

Completed

Date:

21/2/2015

Overview:

Old Mutual has acquired a majority stake in Nairobi-based UAP Holdings.
UAP Holdings and Old Mutual are insurance and financial services institutions.
In 2015, Old Mutual's Kenya business and UAP Holdings merged to form UAP-Old Mutual Group.

Rani Mehta - Journalist

Jurisdiction:

Kenya

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Financial services

Firms:

Bowmans

Party: UAP Holdings (Seller)

CMS Daly Inamdar Advocates

Party: Old Mutual (Acquirer)

Lawyers: Hamish Keith, Shitul Shah

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