ABSA
PE
2008
$613 M
Johannesburg, Gauteng, South Africa
Investment Ticket
Investment Horizon
Investment Stage
Exit Strategy
Profile
Absa Group Limited, headquartered in Johannesburg, South Africa, is a prominent multinational banking and financial services conglomerate. It is one of Africa's largest diversified financial services groups, operating in 12 to 15 African countries, including Botswana, Kenya, and Zambia, and maintaining offices in the UK and the US. With assets of approximately R1.9 trillion and a workforce of around 42,000, Absa is well-positioned in the financial sector.
The company offers a comprehensive range of services, including personal and business banking, corporate and investment banking, wealth and investment management, insurance, and credit services. Absa Bank Limited, its banking subsidiary, primarily serves customers in South Africa while supporting the Group's broader African operations. The diverse customer base includes individual retail clients, small to large businesses, and high-net-worth individuals, all benefiting from tailored financial solutions. Absa aims to create sustainable value and empower its customers throughout their financial journeys.
Industry
Region of investment
ABSA Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
Fund I
|
Private Equity (PE)
|
Consumer Products
Consumer Services (B2C)
Retail
|
Series B
Late Stage (Series C+)
|
Africa
|
$5-10 m
|
$100 M
|
August 2017
|
