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Public-Private Partnership
FINANCE | Investment Firms & Funds
bii.co.uk

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Investments

92

Portfolio Exits

13

Funds

5

Partners & Customers

10

About British International Investment

British International Investment is the UK's Development Finance Institution (DFI) wholly owned by the UK Government's Department for International Development (DFID). It is the world's oldest DFI with a history of making successful investments in businesses that have become industry leaders thereby having an enormous impact on the private sector in their country and region as well as improving the lives of many, many individuals. Its mission is to support the building of businesses throughout Africa and South Asia, create jobs and make a lasting difference in people's lives in some of the world's poorest places. It was founded in 1948 and is based in London, England.

British International Investment Headquarter Location

123 Victoria Street

London, England, SW1E 6DE,

United Kingdom

+44 (0)20 7963 4700

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British International Investment Web Traffic

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Page Views per Million (PVPM)
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British International Investment Rank

Latest British International Investment News

British International Investment re-establishes its presence in Kenya

May 14, 2022

British International Investment re-establishes its presence in Kenya By NAIROBI, Kenya May 14- British International Investment has re-established its presence in Kenya, reaffirming its commitment to channel greater funding to help drive innovation and tackle the biggest global development challenges. This was announced during a reception to launch the rebranded UK government’s Development Finance Institution (DFI ) at the British High Commissioner’s residence in Nairobi. In his address, British International Investment (“BII”) CEO Nick O’Donohoe, remarked on BII’s long history in Kenya, which dates to 1948. “Our history in Kenya shows our appetite to grow and shape markets. We helped establish the Kenya Tea Development Authority in 1964, and we’ve continued to support the company’s growth to become the world’s third-largest exporter of tea and Kenya’s second-largest source of foreign exchange,” said Nick. Kenya is one of the DFI’s most important markets. In the country, British International Investment, which was formerly known as CDC Group, will continue to build on its 74- year track record of investing to support private-sector growth and leverage its partnerships and deep-rooted knowledge of markets across the African continent to transform lives. Under a new name and a new five-year strategy, BII will pursue investment opportunities in Kenya that will raise productivity, help increase climate resilience and support a circular economy, and ensure inclusive opportunities for all. “We will deploy 30 per cent of our investments toward climate finance and support the growth of renewable energy generation as we have been doing in Malindi and through Greenlight Planet.” “Going beyond this, BII will also back new technologies like battery storage and green hydrogen, invest in the burgeoning digital economy, and support ambitious entrepreneurs who are creating solutions that can transform societies.”, O’Donohoe commented. Advertisement. Scroll to continue reading. British High Commissioner to Kenya, Jane Marriott, said: “The relaunch of the organisation as British International Investment signifies a number of things – but in particular I believe it signifies a desire to deepen the already close relationship with the rest of the UK Government’s activity in Kenya, to make the UK offer in Kenya as coherent and integrated as possible, and ensure that we are more than the sum of our parts.” BII has a portfolio of nearly GBP 500 million in Kenya, supporting 30 regional funds and more than 80 businesses, which in turn support over 36,000 jobs. The DFI’s investments in Kenya, both direct and through various funds and intermediaries, cover a variety of sectors, from clean infrastructure and energy, to digital infrastructure, food and agriculture, financial services, and logistics. 0

British International Investment Investments

92 Investments

British International Investment has made 92 investments. Their latest investment was in AgroStar as part of their Series E on May 5, 2022.

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British International Investment Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/13/2022

Series E

AgroStar

$10M

No

2

5/9/2022

Series B

Paymob

$50M

Yes

15

4/12/2022

Series D

Medikabazaar

$65M

No

2

3/10/2022

Unattributed

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$99M

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10

3/4/2022

Private Equity

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10

Date

5/13/2022

5/9/2022

4/12/2022

3/10/2022

3/4/2022

Round

Series E

Series B

Series D

Unattributed

Private Equity

Company

AgroStar

Paymob

Medikabazaar

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Amount

$10M

$50M

$65M

$99M

New?

No

Yes

No

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Co-Investors

Sources

2

15

2

10

10

British International Investment Portfolio Exits

13 Portfolio Exits

British International Investment has 13 portfolio exits. Their latest portfolio exit was PEG Africa on April 27, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/27/2022

Acquired

1

4/27/2022

IPO

1

11/2/2021

IPO

1

2/16/2021

Corporate Majority

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$99M

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10

4/12/2019

IPO

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$99M

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10

Date

4/27/2022

4/27/2022

11/2/2021

2/16/2021

4/12/2019

Exit

Acquired

IPO

IPO

Corporate Majority

IPO

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

1

1

1

10

10

British International Investment Fund History

5 Fund Histories

British International Investment has 5 funds, including AfricInvest Fund IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/13/2020

AfricInvest Fund IV

$50M

1

12/5/2019

African Development Partners III

$99M

10

2/20/2017

CDC Healthcare Fund

$99M

10

12/31/1999

Tiona Fund

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$99M

10

CDC Manipal Healthcare Fund

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10

Closing Date

7/13/2020

12/5/2019

2/20/2017

12/31/1999

Fund

AfricInvest Fund IV

African Development Partners III

CDC Healthcare Fund

Tiona Fund

CDC Manipal Healthcare Fund

Fund Type

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Status

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Amount

$50M

$99M

$99M

$99M

Sources

1

10

10

10

10

British International Investment Partners & Customers

10 Partners and customers

British International Investment has 10 strategic partners and customers. British International Investment recently partnered with Holcim on December 12, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

12/6/2021

Partner

Switzerland

1

12/6/2021

Partner

Switzerland

Holcim's JV With UK's CDC Group Develops Africa's Largest 3D-printed Affordable Housing Project.

Swiss building materials company Holcim announced Monday that its joint venture 14Trees in partnership with UK 's CDC Group has developed Africa 's largest 3D-printed affordable housing project in Kenya .

1

11/3/2021

Partner

Australia

CDC Group and Norfund propose innovative partnership with New Forests to raise $500mn

The partnership builds on each organisation 's existing commitments to responsible forestry , bringing together CDC Group , Finnfund and Norfund 's expertise in investing for development in Africa , with New Forests ' track record in scaling investment and climate finance in forestry into new geographic and market segments .

2

11/3/2021

Partner

Australia, Finland, and Norway

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10

10/26/2021

Partner

United States

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10

Date

12/6/2021

12/6/2021

11/3/2021

11/3/2021

10/26/2021

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

Switzerland

Switzerland

Australia

Australia, Finland, and Norway

United States

News Snippet

Holcim's JV With UK's CDC Group Develops Africa's Largest 3D-printed Affordable Housing Project.

Swiss building materials company Holcim announced Monday that its joint venture 14Trees in partnership with UK 's CDC Group has developed Africa 's largest 3D-printed affordable housing project in Kenya .

CDC Group and Norfund propose innovative partnership with New Forests to raise $500mn

The partnership builds on each organisation 's existing commitments to responsible forestry , bringing together CDC Group , Finnfund and Norfund 's expertise in investing for development in Africa , with New Forests ' track record in scaling investment and climate finance in forestry into new geographic and market segments .

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Sources

1

1

2

10

10

British International Investment Team

5 Team Members

British International Investment has 5 team members, including former Chief Executive Officer, Richard Laing.

Name

Work History

Title

Status

Richard Laing

Chief Executive Officer

Former

Adiba Ighodaro

Founding Partner

Former

Ayaan Zeinab Adam

Green Climate Fund, and International Finance Corporation

Managing Director

Former

Rod Evison

Managing Director

Former

James Murray Grant

Managing Director

Former

Name

Richard Laing

Adiba Ighodaro

Ayaan Zeinab Adam

Rod Evison

James Murray Grant

Work History

Green Climate Fund, and International Finance Corporation

Title

Chief Executive Officer

Founding Partner

Managing Director

Managing Director

Managing Director

Status

Former

Former

Former

Former

Former

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