I&M Burbidge Capital advises DFCU Bank on the sale of Crane Bank Rwanda
16-03-2018 06:11:55 | by: Bob Koigi | hits: 4826 | Tags:

Corporate finance advisory firm I&M Burbidge Capital has advised DFCU Bank in the sale of its majority stake in Crane Bank Rwanda.

The sale was concluded to CBA Bank, an East African Bank based in Kenya. I&M Burbidge Capital was the sole corporate advisor for DFCU Bank in the Transaction.

DFCU sold its entire stake in Crane Bank Rwanda, the Rwanda unit of Crane Bank which it acquired in 2017. DFCU is the 6th largest bank in Uganda with a strong presence in the SME market.

The bank provides personal, business and corporate banking services in Uganda. Its focus is to improve access to financial services and to contribute to the transformation of Uganda’s agricultural sector.

“I&M Burbidge Capital did exemplary work for us during the transaction. The team’s experience, expertise and professionalism was instrumental in obtaining the best outcome for us. We note with satisfaction the high quality of service and advice they provided us,” said Paul van Apeldoorn the Chief Transformation Officer at DFCU Bank.