- Acquisition will enable Crown Agents Bank and Crown Agents Investment Management to cement their positions as the leading wholesale bank and leading investment management firm for frontier and emerging markets.
LONDON – Helios Investors III, L.P., a fund advised by Africa-focused private investment firm Helios Investment Partners (Helios), has completed the acquisition of 100% of Crown Agents Bank Limited (CAB) and Crown Agents Investment Management Limited (CAIM), following the receipt of regulatory approvals.
CAB and CAIM provide payments, trade finance, foreign exchange and investment management services to frontier and emerging markets, primarily in Africa, the Caribbean and South-East Asia, and act as a commercial gateway for entities seeking to operate in these regions. They have been active in the developing world since 1833, providing solutions to governments, non-government organisations, central banks, commercial banks, non-bank financial institutions, international companies, and pension and investment fund managers.
The financial services businesses were previously owned by Crown Agents Limited, an international development company that partners with governments, aid organisations and the private sector in almost 100 countries around the world. While client relationships will be unaffected by this transfer of ownership, the Helios investment will add financial resources to better meet the growing needs of CAB and CAIM’s customers.