LeapFrog Investments, a Profit with Purpose investment firm, has acquired a 16.94 per cent stake in Ghana’s largest privately-owned bank, Fidelity Bank Ghana Limited from Amethis, an investment fund manager dedicated to the African continent, and Edmond de Rothschild Equity Strategies (ERES), a mid-cap growth and buy-out franchise affiliated with the Edmond de Rothschild Group, with a global investment mandate.
It is expected that LeapFrog will leverage on its decade of investment experience across Africa’s financial services sector to build upon the outstanding success achieved by Fidelity Bank in financial inclusion and general business growth.
Laurent Demey, Managing Partner at Amethis, adds: “We are proud to have supported a successful and leading bank like Fidelity over the years. The journey has been rewarding thanks to the vision of Edward and his team. We are grateful that we could partner with other investors like Africa Capital, LLC to be part of the growth story of Fidelity. We wish them the best and encourage them to remain driven by the ambition to serve their clients.”
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