East Africa Growth Holding US$32m subscription of additional shares in I&M Group PLC (Kenya)
- Value
- US$32m
- Date
- 9 October 2026
- Transaction type
- Other
- Practice area
- Corporate and Commercial
- Sector
- Banking and Financial Services
- Jurisdiction
- Kenya, Mauritius
- Client
- East Africa Growth Holding
Summary
East Africa Growth Holding US$32m subscription of additional shares in I&M Group PLC (Kenya). Value as disclosed: 32,000,000 USD.
Additional-share subscription following the group’s earlier acquisition of a stake in I&M Group from British International Investment, executed via a Nairobi Securities Exchange block trade.
Why it matters
Major (USD 100m-1bn or award-winning)
Scope of legal work
Anjarwalla & Khanna (ALN Kenya) (Rosa Nduati-Mutero); BLC Robert & Associates (ALN Mauritius)
Advisers
Other parties
East Africa Growth Holding (acquirer or client); I&M Group PLC (NSE-listed) (counterparty or seller)
Other advisers
(DealMakers AFRICA 2025 Annual – Individual DealMaker profile)
Sources
Compiled by Meridian from the public announcements and filings listed under Sources.
- External researchers
Spotted an error? Suggest a correction.