The Co-Investing Atrium will take place on May 22, 2025, bringing together a curated circle of up to 15 international investors with an interest in financial services, emerging markets and acquisition-driven growth strategies to:

• Engage in networking and one-to-one meetings with each other
• Share insights on capital deployment in Africa and investment opportunities in the insurance sector during an interactive round table
• Explore a compelling, off-market acquisition opportunity in a high-performing pan-African insurance group

The agenda of the gathering:

• A round table with all investors, focused on insights exchange
• An exploration of the exclusive opportunity offered by Funguo

Following the live presentation from the team, investors will engage in a collaborative feedback and co-development session

The session will conclude with a series of one-to-one investors’ meetings, allowing for deeper conversations with the presenting team and with like-minded leaders

About the opportunity: Funguo, one of the current shareholders of Minet Insurance, is positioned to exercise its pre-emptive rights and acquire an additional 59.4% stake valued at USD 51 million. Minet is a trusted pan-African advisor with nearly 80 years of operational history, a robust client base and a strong presence across multiple African markets.

The company boasts impressive fundamentals, including 22% CAGR in EBITDA, 99% client retention and a cost-to-income ratio of 42%, with plans to reduce this further to 30%. The acquisition would position Funguo as a majority shareholder, enabling further strategic growth and regional consolidation in a sector poised for expansion.

Breaking down the numbers: The transaction targets a post-acquisition ROE of 18%, supported by recurring revenue streams and stable client relationships. The valuation reflects a 5-year projected multiple of 2.5x, offering meaningful upside driven by margin improvement, operational efficiency and regional scale. With favorable regulatory conditions and growing demand for insurance solutions across Africa, this deal offers an attractive entry point into a resilient, underpenetrated market with proven financial performance.