Burbridge Capital is now I&M Burbidge Capital

Press Release

Burbridge Capital is now I&M Burbidge Capital

Also signs agreement with Alexanna Limited to benefit mid- cap to large sized enterprises in Eastern Africa

Nairobi, 2/11/16: Burbidge Capital announces its transformation to I&M Burbidge Capital following the 65 percent acquisition of Burbidge Capital by I&M Holdings Ltd in August 2016. I&M Bank is the flagship company under the I&M Holdings portfolio.

The rebranding will help the firm leverage on both I&M Bank’s and Burbidge Capital’s brand and track record, as it continues to offer advisory and capital raising services to mid and large sized companies across Eastern Africa.

The addition of I&M Burbidge Capital to the I&M Holdings umbrella will enable the I&M Group boost its market delivery capacity, by expanding its service offering through provision of advisory services hence positioning the Group as a one-stop-shop for all customers’ financial needs.

Commenting on the development, Sarit S Raja Shah, Executive Director at I&M Bank, noted that the purchase of the controlling stake in Burbidge Capital by I&M Group, and subsequent rebrand of I&M Capital to I&M Burbidge Capital, now provides a platform to enhance the institution’s corporate finance capacity in both the local and regional market.

In another development, I&M Burbidge Capital has further signed an agreement with Alexanna Limited to offer improved financial systems and strategic financial reviews, aimed at stimulating business growth for business entities in Eastern Africa. The services will target mid-sized and large companies that are on a positive business growth trajectory in the region.

Through this agreement, the two entities will offer joint strategic financial review and pre-listing financing transaction readiness service for these companies. The solutions will be tailor made to suit individual company requirements.

This new agreement seeks to examine options of improving the finance function in these businesses, while addressing the various financing options available to assist the companies achieve its medium-term growth and development objectives.

Commenting on the partnership, Peter Shewan, Managing Director, at Alexanna Limited, said: “As a provider of high quality financial and consultancy services to SMEs in Kenya, this agreement with an established and reputable advisory company such as I&M Burbidge Capital is an ideal step forward for Alexanna.

“Through this alliance, we can together offer business entities the full spectrum of financial services from startup to flotation and beyond. We look forward to working with I&M Burbidge Capital as we help companies formulate and execute their plans,” he added Further commenting on the partnership, Edward Burbidge, CEO, I&M Burbidge Capital said, “We are delighted to team up with Alexanna to launch this exciting offering to mid-sized companies in East Africa.”

“I&M Burbidge Capital’s experience and track record in Corporate Finance combined with Alexanna’s technical know-how in improving firms’ finance and tax functions and systems will benefit Kenyan mid-cap firms,” he concluded.

For media enquiries please contact,

I&M Burbidge Capital on +254 (0) 20 2100 102 or e-mail: info@burbidgecapital.com

Alexanna Limited on +254 (0) 727 335 800 or email: info@alexanna.co.ke

Notes to editors

About I&M Burbidge Capital

I&M Burbidge Capital Limited is an Eastern African Corporate Finance Advisory firm. The firm has its Head Office in Nairobi with Kampala and London offices and affiliations across Eastern Africa. The firm’s services offering include advising businesses in the region on significant capital raising through IPOs, private equity, debt and Mergers & Acquisition transactions. Our focus is on mid & large sized companies with typical transaction size of USD 5million – USD 200million.

The firm has an established expertise in navigating Capital Markets in East Africa, handling both debt and equity capital instruments. It is licensed and regulated by Capital Markets Authority- Kenya, Nairobi Securities Exchange, Capital Markets Authority- Uganda and Uganda Securities Exchange. The firm advised on the listing of Flame Tree Group on NSE in 2014, the $10m bond issued by Prime Bank in 2016, the private equity transaction for Chims Telecom in Uganda in 2015 and the sale of Ma Cuisine in Kenya in 2013 amongst several others.

http://burbidgecapital.com/

About Alexanna Limited

Alexanna was established in 2009 by Peter Shewan, the Managing Director. With over 20 years’ experience in senior management positions in Kenyan SME’s, he is well placed to advise SME’s in helping them optimise their resources in such a way to manage their “growth pains” and to deal with the challenges that they will inevitably face.

Alexanna, itself being an SME, has built up a team of qualified, experienced and skilled people who can guide their clients in such diverse sectors as flower farming, flower trading, retail, wind farms, tourism, recruitment and grant management. http://alexanna.co.ke/about-us/

About I&M Holdings Limited

I&M Holdings Ltd (IMHL), formerly known as City Trust Limited (CTL), was incorporated on August 16, 1950 and is one of the oldest companies on the Nairobi Securities Exchange (NSE). IMHL was licensed and approved as a non-operating holding company in accordance with the terms of the Banking Act, Cap 488 Laws of Kenya following a reverse takeover of CTL by I&M Bank Limited in June 2013. Prior to that, CTL was an investment holding company listed on the Alternative Investment Market Segment (AIMS) of the NSE.

IMHL owns the Group’s regional banking entities in Kenya, Rwanda, and Mauritius and in Tanzania. Listed on the NSE with a market capitalization of approx. KES 35 billion, it is regulated by the Capital Markets Authority as well as by the Central Bank of Kenya as a non-operating holding company.

IMHL reported Total Assets of KES 210 billion as at 30th June 2016, a customer base of over 150,000 and employs over 1,600 people across the region. The Banking group offers the full range of personal, business and alternative banking products through its extensive range of debit, credit and prepaid cards, Email Banking, Internet Banking, Mobile banking, E-Commerce, and Social Media banking.

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