According to Jacana Partners announcement, the rebranding and subsequent merger is a follow up of a three year partnership and also follows last years Jacana West Africa re-branding from Fidelity Capital Partners.
Jacana’s portfolio is varried, the firm has invested in over 20 companies with over $20 million and has over 1,300 employees. It has invested in stone quarry, eye care centre, tarpaulin, relief, a serviced office firm and a logistics company in East Africa.
Jacana is also pleased.
According to Simon Merchant, CEO of Jacana: “By merging our African and European operations, we are consolidating our business into a single fund manager, operating under the Jacana brand. As well as investing the remaining capital from our existing funds, the new Jacana will deploy a new $75 million SME fund that we are currently in the processing of raising from international investors. The new fund will allow us to significantly increase the scale and geographic reach of our operations and will be invested in SMEs in up to eight countries in East and West Africa. We firmly believe that a unified Jacana operating under the unique Jacana identity is the optimal platform upon which we can fulfill our mission of building the best SME private equity team in Africa, creating sustainable jobs and supporting long-term economic growth.”
Jacana has operations in Kenya, Uganda, Tanzania,Ghana, Liberia and Sierra Leone and has plans to move to Ethiopia, Nigeria and/or Francophone West Africa. Jacana is the only pan-African private equity company with a permanent commitment to the SME sector.