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Helios Investment Partners

Public data, unclaimed profile

Fund manager (General Partner), AVCA member, one of the leading pan-African funds. Assets under management: ≈ USD 3bn.

At a glance

Based on observed investment behaviour: 32 recorded deals

Investor type
Private equity or venture capital fund (inferred, not verified)
Capital type
Private equity (inferred from deals)
Observed ticket
9 M$ – 1,000 M$, median 100 M$ (11 disclosed amounts)
Stated ticket : 30 M$ – 150 M$
Countries
Nigeria (16), Kenya (6), South Africa (3)
Activities
Oil and gas (upstream and gas infrastructure) (4), Banking (3), Telecom operators and ISPs (3)
Instruments
Equity (32)
Stages
Growth (29), Series A (1), Series B (1)
Recent activity
1 deal in 12 months, latest Feb 2026

Stated thesis versus observed behaviour

  • Sectors: 56% of its deals within its stated thesis
  • Countries: 81% of its deals within its stated thesis
  • Ticket: 64% of its deals within its stated thesis

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Investment thesis

Criteria published by the fund, recorded and checked by Invest Matching.

Investment ticket
9 M$ – 178.7 M$*
Instruments
Equity
Preferred sectors
Financial services, Fintech, Energy, Infrastructure (all), Logistics, Retail & distribution, Water & environment*, Real estate*, Telecoms & digital infrastructure*, Transport & civil engineering*, Agribusiness*, E-commerce*, Manufacturing*, Media & entertainment*, SaaS*, Tourism & hospitality*
Target geographies
Nigeria, Kenya, Ghana, Egypt, Morocco, Côte d'Ivoire, South Africa*, Angola*, DRC*, Tanzania*

* added from its deals

Stages (stated by the fund and from its deals)
Series ASeries BSeries C+Growth

Reference deals

Recent public deals: they say better than a thesis what the fund actually signs.

Beta Glass

February 2026 · Nigeria
GrowthUndisclosed amountEquityManufacturingLead

Activity : Plastics and packaging

Instrument : acquisition of controlling interests

West African glass packaging platform manufacturing glass bottles, plastic crates and metal crowns.

Why they invested

  • Build a leading packaging platform in West Africa
  • Serve major international beverage bottlers
  • Develop a regional industrial business

Source : heliosinvestment.comN1 · Primary source

Pave Bank

October 2025 · Nigeria
GrowthUndisclosed amountEquityFinancial servicesCo-Invest

Activity : Banking

Instrument : investment · Vehicle : Helios Digital Ventures

Regulated programmable commercial bank combining traditional banking and digital assets.

Why they invested

  • Unify traditional banking and digital assets
  • Build programmable financial infrastructure

Source : heliosinvestment.comN1 · Primary source

SeamlessHR

January 2025 · Nigeria
Series A9 M$EquitySaaSLead

Activity : Enterprise software (SaaS)

SeamlessHR, a Nigerian company that helps businesses manage HR functions, has raised a $9 million Series-A extension round, according to three people with knowledge of the conversation.

Co-investors Gates Foundation

Source : techcabal.com

SeamlessHR

November 2024 · Nigeria
GrowthUndisclosed amountEquitySaaSCo-Invest

Activity : Enterprise software (SaaS)

Instrument : investment · Vehicle : Helios Digital Ventures

African HR and payroll SaaS platform used by businesses across multiple African countries.

Why they invested

  • Automate HR and payroll processes
  • Support expansion of a SaaS platform localized for African markets
  • Expand embedded financial services

Source : heliosinvestment.comN1 · Primary source

M2P Fintech

September 2024 · Nigeria
GrowthUndisclosed amountEquityFintechCo-Invest

Activity : Fintech infrastructure (APIs, open banking, BaaS)

Instrument : acquisition of a stake

API infrastructure and Banking-as-a-Service provider supporting financial services expansion across Africa.

Why they invested

  • Support M2P's growth across Africa
  • Develop digital financial infrastructure

Source : heliosinvestment.comN1 · Primary source

PFL Africa

July 2024 · South Africa
GrowthUndisclosed amountEquityMedia & entertainmentCo-Invest

Activity : Film, media production and entertainment

Instrument : joint venture · Vehicle : Helios Sports & Entertainment Group

Permanent African MMA league platform created with the Professional Fighters League.

Why they invested

  • Create a permanent expansion of PFL's network in Africa
  • Develop African sports and entertainment

Co-investors Professional Fighters League LLC

Source : heliosinvestment.comN1 · Primary source

Moment

June 2024 · Nigeria
GrowthUndisclosed amountEquityFintechCo-Invest

Activity : Money transfer and remittances

Instrument : investment · Vehicle : Helios Digital Ventures

Pan-African digital payments network enabling real-time local and cross-border payments.

Why they invested

  • Enable real-time local and cross-border payments
  • Develop African digital payments infrastructure

Source : heliosinvestment.comN1 · Primary source

The Malachite Group

November 2023 · South Africa
GrowthUndisclosed amountEquityTourism & hospitalityCo-Invest

Activity : Tourism and leisure

Instrument : acquisition of a stake · Vehicle : Helios Sports & Entertainment Group

Creator and producer of global events, content, products and travel experiences, including Afro Nation and Amapiano brands.

Why they invested

  • Develop African entertainment brands with global reach
  • Support expansion of Africa's cultural economy

Source : heliosinvestment.comN1 · Primary source

Zaria Group

June 2023 · Nigeria
GrowthUndisclosed amountEquityReal estateCo-Invest

Activity : Commercial real estate

Instrument : acquisition of a stake · Vehicle : Helios Sports & Entertainment Group

Group focused on investing in and operating African lifestyle real estate.

Why they invested

  • Support investment and operation of African lifestyle real estate

Source : heliosinvestment.comN1 · Primary source

IXAfrica

December 2022 · Kenya
GrowthUndisclosed amountEquityTelecoms & digital infrastructureLead

Activity : Data centres and cloud

Instrument : acquisition of a majority stake

Developer and operator of hyperscale-ready data centres in Kenya.

Why they invested

  • Address growing demand for digital connectivity
  • Develop data centre infrastructure in Kenya

Source : heliosinvestment.comN1 · Primary source

Nomba

September 2022 · Nigeria
Series BUndisclosed amountEquityFintechCo-Invest

Activity : Payments and mobile money

Instrument : investment · Vehicle : Helios Digital Ventures

Omnichannel payment and banking platform offering transfers, card acceptance and business management tools.

Why they invested

  • Improve business access to digital payments
  • Provide management tools to Nigerian businesses

Source : heliosinvestment.comN1 · Primary source

Tema LNG Terminal Company

November 2017 · Ghana
GrowthUndisclosed amountEquityEnergyLead

Activity : Oil and gas (upstream and gas infrastructure)

Instrument : established Tema LNG Terminal Company to develop, construct and operate

Development, construction and operation of an LNG import terminal in Tema.

Why they invested

  • Develop the first LNG import terminal in sub-Saharan Africa
  • Strengthen Ghana's energy supply

Source : heliosinvestment.comN1 · Primary source

Starsight

May 2017 · Nigeria
GrowthUndisclosed amountEquityEnergyLead

Activity : Commercial & industrial energy

Instrument : acquired a majority interest

Provider of captive power and energy-efficiency solutions combining solar, diesel and batteries.

Why they invested

  • Deploy hybrid energy solutions
  • Reduce power supply constraints for Nigerian businesses
  • Improve energy efficiency

Source : heliosinvestment.comN1 · Primary source

GBfoods Africa

May 2017 · Nigeria
GrowthUndisclosed amountEquityRetail & distributionCo-Invest

Activity : Consumer goods (FMCG)

Instrument : capitalisation of GBfoods Africa Holdco B.V.

African fast-moving consumer goods platform with operations across more than 30 African countries.

Why they invested

  • Build a pan-African FMCG platform
  • Leverage established food brands

Co-investors GBfoods S.A.

Source : heliosinvestment.comN1 · Primary source

Solevo

November 2016 · Côte d'Ivoire
GrowthUndisclosed amountEquityAgribusinessLead

Activity : Agricultural inputs and services

Instrument : acquisition of 100% of the African fertilizers and inputs platform

African fertilizers and agricultural inputs distribution platform.

Why they invested

  • Develop a pan-African agricultural inputs platform
  • Strengthen distribution of fertilizers and agricultural chemicals

Source : heliosinvestment.comN1 · Primary source

ZOLA Electric

August 2016 · Tanzania
Series C+10 M$EquityEnergyLead

Activity : Off-grid solar and solar kits

Instrument : initial investment of $10 million followed by a Series D

Provider of solar-powered electricity solutions for residential and business customers with unreliable or no grid access.

Why they invested

  • Provide solar electricity to off-grid customers
  • Address electricity-access gaps
  • Develop an energy solution suited to African markets

Source : heliosinvestment.comN1 · Primary source

OVH Energy

July 2016 · Nigeria
GrowthUndisclosed amountEquityEnergyCo-Invest

Activity : Fuel and LPG distribution

Instrument : recapitalization and partial divestment

Oando's downstream operations in Nigeria, including petroleum-product distribution.

Co-investors Vitol

Source : heliosinvestment.comN1 · Primary source

Telkom Kenya

June 2016 · Kenya
GrowthUndisclosed amountEquityTelecoms & digital infrastructureLead

Activity : Telecom operators and ISPs

Instrument : acquisition of 60%

Integrated telecommunications provider offering fixed, mobile, Internet and enterprise solutions.

Why they invested

  • Develop an integrated telecom platform in Kenya
  • Support growth in mobile and Internet services

Source : heliosinvestment.comN1 · Primary source

Acorn Group

November 2015 · Kenya
GrowthUndisclosed amountEquityReal estateCo-Invest

Activity : Residential real estate and development

Instrument : joint venture

Kenyan real estate developer focused in part on housing for young people.

Why they invested

  • Create a real estate development platform in Nairobi
  • Target the youth-housing segment

Source : heliosinvestment.comN1 · Primary source

Africa Oil

May 2015 · Kenya
Growth100 M$EquityEnergyLead

Activity : Oil and gas (upstream and gas infrastructure)

Instrument : 12.4% stake

Oil and gas exploration company with assets in Kenya, Ethiopia and Somalia.

Why they invested

  • Invest in an African oil and gas exploration company
  • Gain exposure to East African assets

Source : heliosinvestment.comN1 · Primary source

Wananchi Group

October 2014 · Kenya
Growth40 M$EquityTelecoms & digital infrastructureLead

Activity : Telecom operators and ISPs

Instrument : funding round led by Helios

Telecommunications and Internet services group operating in East Africa.

Why they invested

  • Expand broadband access in East Africa
  • Finance expansion of a regional telecom platform

Co-investors Altice S.A., Liberty Global Inc.

Source : heliosinvestment.comN1 · Primary source

Impact Oil and Gas

August 2014 · South Africa
GrowthUndisclosed amountEquityEnergyLead

Activity : Oil and gas (upstream and gas infrastructure)

Instrument : 13.6% stake

Oil and gas exploration company focused on African assets.

Why they invested

  • Take stakes in promising African acreage
  • Gain exposure to African oil exploration

Source : heliosinvestment.comN1 · Primary source

ARM Pension Managers

June 2014 · Nigeria
GrowthUndisclosed amountEquityFinancial servicesLead

Activity : Asset management and markets

Instrument : minority stake

Nigerian pension fund manager and subsidiary of ARM.

Why they invested

  • Invest in Nigeria's largest independent pension fund manager
  • Benefit from pension-savings growth

Source : heliosinvestment.comN1 · Primary source

Bayport Management

December 2013 · Ghana
Growth100 M$EquityFinancial servicesLead

Activity : SME finance

Instrument : 23.4% interest

Provider of unsecured credit and financial solutions to formally employed mass-market customers in Africa.

Why they invested

  • Expand access to credit in Africa
  • Serve underbanked formally employed markets

Source : heliosinvestment.comN1 · Primary source

Link Commerce

July 2013 · Nigeria
GrowthUndisclosed amountEquityE-commerceCo-Invest

Activity : Online retail

Instrument : growth capital

Nigerian e-commerce platform providing access to products from US and UK retailers.

Why they invested

  • Develop e-commerce in Nigeria
  • Improve African consumers' access to international products

Source : heliosinvestment.comN1 · Primary source

Eland Oil & Gas

August 2012 · Nigeria
Growth62 M$EquityEnergyLead

Activity : Oil and gas (upstream and gas infrastructure)

Instrument : 29.36% interest plus a two-year option on an additional $16 million

Oil exploration and production company operating Nigerian assets.

Source : heliosinvestment.comN1 · Primary source

Vivo Energy

February 2011
Growth1,000 M$EquityEnergyCo-Invest

Activity : Fuel and LPG distribution

Instrument : purchase of downstream fuels business

Fuel distribution platform operating across multiple African countries under Shell and Engen brands.

Why they invested

  • Acquire a pan-African fuel distribution platform
  • Develop a service-station network across multiple African countries

Co-investors Vitol Group

Source : heliosinvestment.comN1 · Primary source

Interswitch

December 2010 · Nigeria
GrowthUndisclosed amountEquityFintechLead

Activity : Fintech infrastructure (APIs, open banking, BaaS)

Instrument : acquisition of a majority equity interest

Nigerian provider of electronic payment processing and payments infrastructure.

Why they invested

  • Develop electronic payments in Nigeria
  • Support a leading payments-processing platform

Source : heliosinvestment.comN1 · Primary source

Helios Towers

November 2009 · DRC
Growth350 M$EquityTelecoms & digital infrastructureCo-Invest

Activity : Telecom towers and fibre

Instrument : committed $350 million to Helios Towers Africa

Telecom tower infrastructure operator leasing tower space to mobile operators across Africa.

Why they invested

  • Develop African telecommunications infrastructure
  • Benefit from mobile-telephony growth
  • Deploy tower assets across multiple African countries

Co-investors Albright Capital Management LLC, Lord Rothschild's family interests, RIT Capital Partners plc, Soros Strategic Partners LP

Source : heliosinvestment.comN1 · Primary source

Equity Bank

December 2007 · Kenya
Growth178.7 M$EquityFinancial servicesLead

Activity : Banking

Instrument : acquisition of a 24.99% interest

Kenyan bank expanding financial services to previously underbanked populations.

Why they invested

  • Benefit from low banking penetration
  • Support a bank expanding access to financial services

Source : heliosinvestment.comN1 · Primary source

Africatel

August 2007 · Angola
Growth165 M$EquityTelecoms & digital infrastructureLead

Activity : Telecom operators and ISPs

Instrument : 22% interest with an option for an additional 3%

Platform aggregating telecommunications assets in sub-Saharan Africa, including Angola, Namibia and Cape Verde.

Why they invested

  • Aggregate telecom assets across sub-Saharan Africa
  • Benefit from African telecommunications growth

Source : heliosinvestment.comN1 · Primary source

First City Monument Bank

April 2007 · Nigeria
Growth50 M$EquityFinancial servicesLead

Activity : Banking

Instrument : acquisition of a 16% interest

Listed Nigerian universal bank providing banking services to individuals and businesses.

Why they invested

  • Benefit from low banking penetration
  • Support growth in Nigeria's banking sector

Source : heliosinvestment.comN1 · Primary source

In short

Helios Investment Partners invests tickets ranging from 9 M$ to 178.7 M$, across the following sectors: Financial services, Fintech, Energy, Infrastructure (all), Logistics, Retail & distribution, Water & environment, Real estate, Telecoms & digital infrastructure, Transport & civil engineering, Agribusiness, E-commerce, Manufacturing, Media & entertainment, SaaS, and Tourism & hospitality, in the following areas: Nigeria, Kenya, Ghana, Egypt, Morocco, Côte d'Ivoire, South Africa, Angola, DRC, and Tanzania. Check in 30 seconds whether your company fits these criteria.