[Kenya[ Burbidge Capital is now I&M Burbidge Capital following acquisition
Corporate finance advisory firm Burbidge Capital has changed name to I&M Burbidge Capital after I&M Holdings Limited acquired 65 per cent shareholding in August this year.
I&M Bank Executive Director Sarit S. Raja Shah, noted that the rebrand of I&M Capital to I&M Burbidge Capital, provides a platform to enhance the institution’s corporate finance capacity in both the local and regional market.
‘The rebranding is expected to help the firm leverage on both I&M Bank’s and Burbidge Capital’s brand, as it continues to offer advisory and capital raising services, to mid and large-sized companies across Eastern Africa,” Shah said.
The addition of I&M Burbidge Capital to the I&M Holdings umbrella is also expected to enable the I&M Group boost its market delivery capacity, by expanding its service offering through provision of advisory services.
Meanwhile 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.
“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,” Alexanna Limited Managing Director Peter Shewan 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,” he added.
