Leapfrog Investments

Leapfrog Investments is a private equity and venture capital firm founded in 2007, with headquarters in London and additional offices in various locations including Australia and Africa. The firm specializes in late venture, emerging growth, and growth equity investments, primarily focusing on financial services and healthcare sectors. Leapfrog targets businesses that deliver essential services, including mobile payments, insurance, pensions, savings, credit, and retail healthcare distribution. Its investment strategy emphasizes emerging markets, particularly in regions such as Africa and Asia, including countries like Kenya, Nigeria, Ghana, South Africa, India, Indonesia, the Philippines, and Sri Lanka. The firm typically invests between $10 million and $50 million, engaging in both minority and majority stakes, and aims for exits within four to seven years through various methods such as IPOs and trade sales.

Seema Amble

Investment Associate

Stuart Bedford

Partner and General Counsel

Stephen Bowey

Partner

Richard Brandweiner

Partner

Ross McNaughton Brooks

Investor Relation Associate

Tom Brunner

Partner

Alexis Crusey

Senior Manager, Investor Relations

Patrick Duff

Director of Investments

Michael Fernandes

Partner, Global Co-Lead, South and Southeast Asia & Member of Investment Committee

Gary Herbert

Co-Founder, Chief Operating Officer, Board Member & Member of Management & Investment Committee

Grant Karolus

Finance Director

Norman Kelly

Director of Investments

Andrew Kuper

Founder and Chief Executive Officer

Stewart Langdon

Partner & Co-Head

Matthew Lines

Investment Associate

Xenia Loos

Director, Investor Relations & Co-Investments

Nick Moon

Partner, Head of Investor Relations & Co-Investments

Tapiwa Muranda

Investment Officer

Karima Ola

Partner, Board Member & Member of Investment Committee

Felix Olale Ph.D

Partner, Global Co-Lead, Health Investments, Board Member & Member of Investment Committee

Jasvir Pandher

Investment Officer

Jim Roth

Co-Founder and Partner

Michael Walli

Investment Officer

Past deals in Ghana

Fidelity Bank Ghana Ltd

Secondary Market in 2021
Fidelity Bank Limited provides banking products and services. The company offers current and savings accounts.

Pyramid Group

Private Equity Round in 2018
Pyramid Group, founded in 2001 and headquartered in Dar es Salaam, Tanzania, specializes in the distribution of medical devices and pharmaceutical products throughout sub-Saharan Africa. The company provides a wide range of healthcare solutions, including pacemakers, hip replacements, cardiac and orthopedic equipment, and various medical supplies. Its operations extend to several countries, including Tanzania, Kenya, Uganda, Rwanda, Mozambique, Ethiopia, Nigeria, and Ghana. Committed to quality, Pyramid Group achieved ISO 9001:2008 certification in 2013, underscoring its dedication to effective quality management practices. The company partners with internationally recognized brands to offer medical and laboratory equipment, reagents, and healthcare supplies, ensuring that clients have access to essential healthcare products.

Enterprise Group

Private Equity Round in 2017
Enterprise Group Limited is a financial services provider based in Accra, Ghana, operating through six segments: Non-Life Insurance, Life Assurance, Pension Administration, Real Estate, Funeral Services, and Investments. The company offers a wide range of insurance products, including personal and group accident coverage, various types of property and casualty insurance, and specialized plans such as credit life and micro insurance. Additionally, it provides services in pension fund management and real estate development. Enterprise Group is noted for being the first insurance company publicly listed in Ghana and has a long history, having been founded in 1924.

UT Life Insurance

Acquisition in 2016
UT Life Insurance Company Limited is a life insurance company. The company underwrites life assurance businesses, including universal life policies, group term policies, loan protection insurance policies, Keyman assurance policies, administer pensions, and others. Its retail/individual solutions include priority protection, education expenses, and funeral expenses plans; and corporate/group solutions include Keyman insurance, group term, mortgage protection, and loan protection policies.

afb

Private Equity Round in 2015
afb is a consumer finance company based in Accra, Ghana, that provides innovative credit solutions to individuals and small businesses across Africa. Founded in 2010, the company operates through four main divisions: cards, loans, mobile, and insurance. Its offerings include mobile money services, unsecured credit products, and various loan options such as payroll and SmartCash loans, specifically designed to support informal market traders. With a focus on leveraging data to understand consumer behavior, afb aims to empower individuals by improving their financial access and helping them enhance their lives. The company has successfully attracted over 300,000 customers in Kenya, Ghana, and Tanzania, and collaborates with over 400 retail partners, including leading mobile network operators.

Petra Trust

Private Equity Round in 2014
Petra Trust Company Limited provides trustee services for employers and individuals in Ghana. The company offers personal pension and retirement planning services. It also provides investment policy formulation, strategic and tactical asset allocation, and benchmark design services; fund manager and custodian selection and evaluation services; fund administration services; and customized pension training services for individuals, executive members of companies, staff members, and others who need to meet regulatory requirements. The company is based in Accra, Ghana.

Express Life Insurance

Acquisition in 2012
Express Life Insurance provides life insurance products and services. It offers credit life and disability plan to insure the outstanding balance of a consumer loan against the risk of death and disability; and personal pension plan to provide living and death benefits, and offer a medium for preparing the individual to save towards retirement.