ACA B Holdings Limited/Union Bank

Nigeria Financial services

ACA B Holdings proveds banking and other financial services to a wide range of corporate and retail customers, predominantly in Nigeria.

This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

We are invested in ACA B Holdings Limited/Union Bank through Capital Alliance Private Equity III (CAPE III), which is managed by African Capital Alliance. For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa, West Africa
Countries:
Nigeria
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

:
Financial services
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund:
Capital Alliance Private Equity III (CAPE III)
Fund Manager:
African Capital Alliance
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
December 2011
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Nigeria