Helios Investment Partners

Helios Investment Partners, established in 2004, is a London-based private equity firm focused on Africa. It invests in a broad range of sectors, including telecommunications, media, financial services, power, and consumer goods, among others. The firm engages in various investment types such as buyouts, growth equity, and structured investments in listed entities. Helios typically invests between $15 million to $200 million per transaction, with a preference for board seats in its portfolio companies. It primarily targets Nigeria, South Africa, and Kenya.

Fope Adelowo

Principal

Lazarus Angbazo Ph.D

Partner and Head of Portfolio Operations - West Africa

Souleymane Ba

Partner, Investments

Tavraj Banga

Partner and Co-Head of Climate Investments

Sola Carrena

Managing Director, Investment Team

Paul Cunningham

Partner, CFO

Luciana Germinario

COO, Member of Executive Committee and Partner

Jamie Hollins

Principal, Investments

Temitope Lawani

Managing Partner, Member of Executive and Investment Committees

Tope Lawani

Managing Partner

Cecilie Nielsen

Managing Director, Human Capital, Portfolio Operations Group

Ogbemi Ofuya

Partner, Investments

Simon Poole

Partner, Portfolio Operations Group

Max Von Trotha

Managing Director - Integration, Portfolio Operations Group

Elias Yazbeck

Managing Director

Zineb Abbad El Andaloussi

Partner

Past deals in Africa

SeamlessHR

Series A in 2025
SeamlessHR Limited is a human resource technology software company based in Lagos, Nigeria, founded in 2013. It offers a comprehensive, cloud-based HR platform tailored for medium to large-sized organizations, facilitating the automation and optimization of HR processes from recruitment to retirement. The company's product suite includes a Recruitment Management System, HR Management System, Learning Management System, Payroll Management, Leave Management, and Performance and Competency Management tools. Additionally, SeamlessHR provides HR analytics and embedded finance solutions aimed at enhancing financial security for both employers and employees. Through its technology, SeamlessHR enables businesses to streamline various HR functions, ensuring efficient management of their workforce.

Paymob

Series B in 2024
Paymob is a digital payments enabler based in Cairo, Egypt, founded in 2015. The company focuses on building payment infrastructure technologies that enhance financial inclusion in the Middle East and Africa (MEA) region. By providing integrated payment services, Paymob helps businesses of all sizes transition from cash to electronic payments, thereby unlocking new opportunities and efficiencies. Its software aims to minimize the risks associated with fraud and theft while speeding up money circulation. By empowering underserved communities with access to a variety of electronic payment and money transfer options, Paymob plays a crucial role in bridging the financial inclusion gap in the region.

Nomba

Series B in 2023
Nomba is a fintech company focused on providing accessible and affordable financial software solutions for businesses in Africa. The company offers a range of services, including business savings accounts, joint savings options, card payments, and POS terminal management. Nomba's platform enables users to perform various financial transactions, such as paying bills, transferring money, purchasing airtime and TV subscriptions, and managing electricity payments. Customers can engage with Nomba's services through multiple digital channels, including mobile, web, and USSD, as well as through a network of agents. By streamlining these financial processes, Nomba aims to enhance the financial capabilities of businesses and individuals across the continent.

Paymob

Series B in 2022
Paymob is a digital payments enabler based in Cairo, Egypt, founded in 2015. The company focuses on building payment infrastructure technologies that enhance financial inclusion in the Middle East and Africa (MEA) region. By providing integrated payment services, Paymob helps businesses of all sizes transition from cash to electronic payments, thereby unlocking new opportunities and efficiencies. Its software aims to minimize the risks associated with fraud and theft while speeding up money circulation. By empowering underserved communities with access to a variety of electronic payment and money transfer options, Paymob plays a crucial role in bridging the financial inclusion gap in the region.

Zola Electric

Venture Round in 2021
ZOLA Electric is a provider of off-grid solar solutions tailored for African markets, specifically operating in Tanzania, Rwanda, Ghana, and Côte d'Ivoire. Established in 2012 and headquartered in Arusha, Tanzania, with an additional office in San Francisco, the company offers solar home kits to individual households through a leasing or sales model. Utilizing the latest solar, battery, and power electronics technology, ZOLA Electric's systems are designed to meet varying energy needs and income levels, allowing customers to make payments via PAYGo micro-financing and mobile money. The company's innovative approach has enabled it to power over 180,000 homes and businesses in rural and urban areas. ZOLA Electric, previously known as Off-Grid Electric Tanzania Limited until its name change in 2018, has received multiple awards, including the UN Momentum for Change Award and the Zayed Future Energy Prize, and has garnered investment from prominent firms such as Tesla and Total.

Techniques Science Santé

Acquisition in 2021
Techniques Science Santé is a distributor of high tech medical equipment. For 25 years, T2S has been the leader in the distribution and maintenance of radiology (MRIs, scanners) and radiotherapy equipment (accelerators for oncology) and has today the largest installed base in Morocco. It has since broadened its product range and is now the one stop shop service provider for healthcare projects. It is active in Africa since 2008 and has run projects in Mauritania, Ivory Coast and Mali. The company has revenues of c.m40€ and has 140 employees.

Africell

Debt Financing in 2021
Africell, established in 2001, is a prominent mobile telecommunications provider in Africa, focusing on connecting and empowering local communities. The company has achieved significant growth, becoming the leading operator in Gambia and Sierra Leone, while expanding its operations in the Democratic Republic of the Congo and Uganda, where it acquired Orange Uganda. Africell Holdings maintains full ownership of its operations in Gambia, Sierra Leone, and the DRC, and holds a majority stake in Uganda. As of the end of 2016, Africell had approximately 11 million active subscribers. The company offers a range of services, including 2G and 3G voice and data services, and is in the process of deploying LTE services, which are already available in Kampala, Uganda.

Taptap Send

Venture Round in 2020
Taptap Send is a mobile application that facilitates instant money transfers for immigrants sending funds back to Africa at low costs. Launched in the summer of 2018, the platform has successfully processed hundreds of millions of dollars and serves hundreds of thousands of customers. It operates in seven European countries and enables payments to various countries, including Ivory Coast, Senegal, Mali, Ghana, Guinea, Cameroon, Bangladesh, Kenya, Madagascar, Zambia, Vietnam, and the Democratic Republic of the Congo, with plans for further expansion. Taptap Send simplifies the remittance process by allowing users to transfer money directly to mobile money wallets using just a debit card, eliminating the need for physical deposits and saving time for its clients.

Misr Hytech Seed

Acquisition in 2019
Misr Hytech Seed is a prominent producer of proprietary agricultural seeds located in Cairo, Egypt. The company specializes in developing, producing, and marketing hybrid seeds, including white corn, yellow corn, grain and fodder sorghum, sweet corn, and various vegetables, tailored to the specific needs of the Egyptian market. By employing advanced breeding, production, and conditioning technologies, Misr Hytech aims to deliver high-quality seeds that enhance agricultural productivity. Additionally, the company is committed to supporting farmers by providing technical services for crop production, thereby contributing to improved food security and the ability to meet the growing demand for food in Egypt.

TPAY Mobile

Acquisition in 2018
TPAY Mobile is an open mobile payment platform established in 2014 and headquartered in Cairo, Egypt. The company specializes in connecting consumers, businesses, and mobile operators through operator billing, enabling users to purchase online products and services using their mobile phone numbers. This innovative approach allows the costs of purchases to be added directly to users' cell phone bills or deducted from their prepaid balances. By leveraging the billing relationships and collection networks of mobile network operators, TPAY Mobile creates a seamless direct carrier billing ecosystem that facilitates access to local and global digital service providers, enhancing the overall payment experience for users and merchants alike.

Africell

Debt Financing in 2018
Africell, established in 2001, is a prominent mobile telecommunications provider in Africa, focusing on connecting and empowering local communities. The company has achieved significant growth, becoming the leading operator in Gambia and Sierra Leone, while expanding its operations in the Democratic Republic of the Congo and Uganda, where it acquired Orange Uganda. Africell Holdings maintains full ownership of its operations in Gambia, Sierra Leone, and the DRC, and holds a majority stake in Uganda. As of the end of 2016, Africell had approximately 11 million active subscribers. The company offers a range of services, including 2G and 3G voice and data services, and is in the process of deploying LTE services, which are already available in Kampala, Uganda.

Starsight

Private Equity Round in 2018
Starsight provides captive power and energy efficiency solutions to commercial, multi-site clients in Nigeria through long-term contracts.

Zola Electric

Series D in 2018
ZOLA Electric is a provider of off-grid solar solutions tailored for African markets, specifically operating in Tanzania, Rwanda, Ghana, and Côte d'Ivoire. Established in 2012 and headquartered in Arusha, Tanzania, with an additional office in San Francisco, the company offers solar home kits to individual households through a leasing or sales model. Utilizing the latest solar, battery, and power electronics technology, ZOLA Electric's systems are designed to meet varying energy needs and income levels, allowing customers to make payments via PAYGo micro-financing and mobile money. The company's innovative approach has enabled it to power over 180,000 homes and businesses in rural and urban areas. ZOLA Electric, previously known as Off-Grid Electric Tanzania Limited until its name change in 2018, has received multiple awards, including the UN Momentum for Change Award and the Zayed Future Energy Prize, and has garnered investment from prominent firms such as Tesla and Total.

The Quantum Group

Debt Financing in 2017
The Quantum Group, a company based in Ghana with vertically-integrated operations in the transportation and logistics of refined petroleum products.

Zola Electric

Series D in 2016
ZOLA Electric is a provider of off-grid solar solutions tailored for African markets, specifically operating in Tanzania, Rwanda, Ghana, and Côte d'Ivoire. Established in 2012 and headquartered in Arusha, Tanzania, with an additional office in San Francisco, the company offers solar home kits to individual households through a leasing or sales model. Utilizing the latest solar, battery, and power electronics technology, ZOLA Electric's systems are designed to meet varying energy needs and income levels, allowing customers to make payments via PAYGo micro-financing and mobile money. The company's innovative approach has enabled it to power over 180,000 homes and businesses in rural and urban areas. ZOLA Electric, previously known as Off-Grid Electric Tanzania Limited until its name change in 2018, has received multiple awards, including the UN Momentum for Change Award and the Zayed Future Energy Prize, and has garnered investment from prominent firms such as Tesla and Total.

OVH Energy - Oando Licensee

Private Equity Round in 2016
OVH Energy, is the second largest downstream fuels company in Nigeria.

Telkom Kenya

Acquisition in 2016
Telkom Kenya, established in April 1999, is a telecommunications operator offering a comprehensive range of integrated communication solutions in Kenya. The company provides voice and data services, including broadband, messaging, and various other communication connections, catering to individuals, small and medium-sized enterprises, government entities, and large corporations. With a significant presence across the country, Telkom Kenya serves millions of customers, ensuring uninterrupted network connectivity for both commercial and non-commercial users. The company plays a vital role in the information and communications technology sector, contributing to the advancement of communication infrastructure in Kenya.

Starzs Investments Company

Debt Financing in 2015
Starzs Investments Company Limited is a prominent indigenous offshore oil and gas services provider based in Nigeria. The company specializes in marine transportation and logistics services tailored for both international and local oil companies. Its offerings include towage, anchoring, and positioning of offshore assets, as well as ship management and maritime security logistics support. By delivering a comprehensive range of services, Starzs Investments enables its clients to select the specific solutions that meet their operational needs in the offshore oil and gas sector.

Africa Oil Corp

Post in 2015
Africa Oil is a Canadian oil and gas company with assets in Kenya and Ethiopia as well as Puntland (Somalia) through its 41% equity interest in Africa Energy Corp. Africa Oil's East African holdings are within a world-class exploration play fairway with a total gross land package in this prolific region in excess of 200,000 square kilometers. The East African Rift Basin system is one of the last of the great rift basins to be explored. Several new significant oil discoveries have been announced in the Lokichar basin of Kenya in which the Company holds a 50% interest along with operator Tullow Oil plc. The Company is listed on the TSX and on Nasdaq Stockholm under the symbol "AOI".

Helios Towers Africa

Private Equity Round in 2014
Helios Towers Africa has operations in Ghana, Tanzania, the Democratic Republic of Congo and a sister company in Nigeria. The number of mobile subscribers in Africa has increased from just 16 million people in 2000 to over 500 million today. Based on these growth levels and without an increase in the sharing of telecoms tower facilities, the number of towers in Africa will need to double from the current number of 75,000, a significant environmental impact.

ARM Pension Managers PFA

Private Equity Round in 2014
ARM Pension Managers PFA Limited (“ARM Pensions”), a subsidiary of ARM. ARM Pensions is Nigeria’s largest independent pension fund manager.

Bayport Management

Private Equity Round in 2013
Bayport Management Ltd is a financial services provider founded in 2001 and headquartered in Ebene, Mauritius. Through its subsidiaries, the company offers a range of retail financial services across multiple countries, including Mauritius, Botswana, Colombia, Ghana, Mexico, Mozambique, South Africa, Tanzania, Uganda, and Zambia. Its product offerings include personal loans, such as payroll and retail loans, as well as savings accounts, flexible deposits, and transaction accounts. Additionally, Bayport provides mobile banking solutions, e-wallets, payment kiosks, and ATM services. The company also offers various insurance products, including credit insurance, education protection plans, and coverage for hospital and funeral expenses. Bayport Management generates revenue primarily through interest income and administration fees associated with its financial products and services.

MallforAfrica

Private Equity Round in 2013
MallforAfrica is Africa's larges online mall which enables Africans from 35 countries purchase items from international retailers in the US and UK who do not accept local currency or ship to Africa. Its online platform and payment system gives its users access to over 250 US/UK retailers and over 2 billion products. MallforAfrica was successfully sold with an IP and Platform exit in 2021. MallforAfrica was launched by Chris Folayan in June 2012 and its operations are based in Nigeria

Eland Oil & Gas

Private Equity Round in 2012
Eland Oil & Gas is an independent oil and gas company focused on the exploration and production of oil and gas in West Africa, particularly in Nigeria. The company holds significant interests in the OML 40 license, covering 498 square kilometers in the Niger Delta, and a 40% interest in the Ubima field, which spans 65 square kilometers in northern Rivers State. Eland Oil & Gas aims to develop and enhance its portfolio of producing upstream assets in the region. Founded in 2009 and headquartered in Aberdeen, United Kingdom, the company also provides financing services to support its operations. As of December 2019, it operates as a subsidiary of Seplat Petroleum Development Company.

Vivo Energy Investments

Acquisition in 2011
Vivo Energy Investments B.V., established in 2011 and headquartered in Amsterdam, Netherlands, is a subsidiary of Vivo Energy plc. Vivo Energy plc, based in London, UK, operates as a retailer and distributor of fuels and lubricants in Africa, serving both consumers and commercial customers. It offers a range of products and services, including petrol and diesel fuels, lubricants, convenience retail shops, quick service restaurants, car washes, and tailored energy solutions. As of 2019, it operated 2,226 service stations under the Shell and Engen brands across 23 African countries. Vivo Energy is jointly owned by Vitol, Helios Investment Partners, and Shell.

JCDecaux South Africa

Acquisition in 2009
JCDecaux South Africa (Pty) Ltd provides advertising services for marketers across South Africa and Sub-Saharan Africa. Its services include the design and printing of artwork, and the display of outdoor advertising.

Equity Group Holdings

Private Equity Round in 2007
Equity Group Holdings is a financial services provider based in Nairobi, Kenya. It operates primarily through Equity Bank Kenya, which is a licensed commercial bank regulated by the Central Bank of Kenya. Equity Bank Kenya was established in 2014 following a corporate restructure of Equity Group Holdings Limited. The organization offers a range of banking and financial services aimed at various customer segments, contributing to the financial inclusion and economic empowerment of individuals and businesses in the region.

First City Monument Bank

Private Equity Round in 2007
First City Monument Bank is a commercial banking institution founded in 1982 and based in Lagos, Nigeria. It serves a diverse clientele, including large corporations, small and medium enterprises, and individual customers. The bank offers a wide array of financial services, such as personal banking, business banking, and corporate banking. Its product offerings include loans, savings and current accounts, credit cards, and online banking. Additionally, First City Monument Bank provides specialized services like cash management, foreign exchange, corporate finance, and trade services. The bank's corporate finance division focuses on financial advisory, capital raising, mergers and acquisitions, and infrastructure and project finance, facilitating digital transformation in banking for its customers.

HTN Towers

Private Equity Round in 2005
HTN Towers is the first independent tower operator in Africa, established in 2006. The company operates a diverse portfolio of over 2,000 tower sites, primarily located in urban and suburban areas across 34 of Nigeria's 36 states. A significant portion of these sites is concentrated in Nigeria's largest cities, Lagos and Abuja. HTN Towers specializes in providing passive infrastructure for the telecommunications industry, which includes colocation services, distributed antenna services, and managed services. Additionally, the company designs, builds, and operates tower site infrastructure, ensuring reliable connectivity through advanced power management systems for uninterrupted power supply.
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