AFG Holding Propels Forward After Successful AfricInvest Exit

Deal News | Jun 20, 2025 | AfricInvest Group

AFG Holding Propels Forward After Successful AfricInvest Exit

AfricInvest has announced its successful exit from AFG Holding, after a partnership that considerably advanced the latter’s position in the financial sector across the West African region. This collaboration not only enabled AFG to secure a banking license in Côte d’Ivoire but also to double its balance sheet to a formidable nearly $6 billion. The return on equity surpassed 28%, highlighting a period of substantial financial growth and stability driven by AfricInvest's strategic insight and catalytic financial support. The exit is a testament to AfricInvest's ongoing strategy of building and scaling robust financial institutions that can deliver sustainable growth and meaningful impacts across the African financial landscape.

Sectors

  • Financial Services
  • Private Equity

Geography

  • Africa – The article focuses on AfricInvest's activities within Africa, specifically emphasizing the growth and strategic initiatives that aided AFG Holding in expanding its operations regionally.
  • Côte d’Ivoire – AFG Holding obtained a banking license in Côte d’Ivoire as part of its partnership with AfricInvest, marking the region as significant in the narrative of their growth strategy.

Industry

  • Financial Services – AFG Holding operates in the financial sector, focusing on banking and financial services, which aligns with its activities following the partnership with AfricInvest.
  • Private Equity – AfricInvest's role in strategically partnering with and subsequently exiting AFG Holding identifies private equity as a key industry.

Financials

  • Nearly $6 billion – AFG Holding doubled its balance sheet to reach nearly $6 billion under AfricInvest's partnership.
  • 28%+ – The return on equity achieved by AFG Holding during the strategic partnership with AfricInvest.

Participants

NameRoleTypeDescription
AfricInvest GroupSelling Company (Vendor)CompanyAfricInvest is a private equity firm which provided expertise and financial backing to AFG Holding, culminating in a successful exit.
AFG HoldingTarget CompanyCompanyAFG Holding is a financial services group that benefitted from AfricInvest's strategic partnership, achieving substantial growth and operational milestones.