
British International Investment
Investments
92Portfolio Exits
13Funds
5Partners & Customers
10About 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
British International Investment Web Traffic
British International Investment Rank
Latest British International Investment News
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.
British International Investment Investments Activity
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 | |||||
3/4/2022 | Private Equity |
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 | ||
Amount | $10M | $50M | $65M | ||
New? | No | Yes | No | ||
Co-Investors | |||||
Sources | 2 | 15 | 2 |
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 | |||
Date | 4/27/2022 | 4/27/2022 | 11/2/2021 | ||
---|---|---|---|---|---|
Exit | Acquired | IPO | IPO | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 | 1 | 1 |
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 | ||||
2/20/2017 | CDC Healthcare Fund | ||||
12/31/1999 | Tiona Fund | ||||
CDC Manipal Healthcare Fund |
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 | |||||
Status | |||||
Amount | $50M | ||||
Sources | 1 |
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 | ||||
10/26/2021 | Partner |
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 | ||
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 . | |||
Sources | 1 | 1 | 2 |
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 | Actis Capital, and 3i Group | 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 | Actis Capital, and 3i Group | |||
Title | Chief Executive Officer | Founding Partner | Managing Director | Managing Director | Managing Director |
Status | Former | Former | Former | Former | Former |
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