LeapFrog buys Enterprise Group Ghana for $180 million

LeapFrog Investments is spending $180 million for a stake in Ghanaian financial services company, the Enterprise Group. The investment was made on behalf of LeapFrog Strategic African Investments which is the private equity investor’s $350 million fund. The fund has Prudential Financial as its primary investor. The Enterprise Group commitment represents LeapFrog’s largest investment to-date and will assist in increasing efficiencies, offering product development opportunities and helping expand the business in Ghana. The transaction is subject to regulatory approvals.

 

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