Private equity firm Helios decides to withdraw from leading Nigerian natural gas distributor
In a significant move, Helios Investment Partners, a leading private equity firm managing assets worth over $3 billion, has announced its intention to sell its majority stake in a gas distribution company. The sale comes three years after Helios made a partial exit from the same company.
The details of the sale, including the potential buyer, financial terms, and timeline, remain undisclosed. The company in question was not specified in the article.
Meanwhile, Helios Investment Partners has also signed a deal to acquire Telecom Egypt's data hub, marking a new investment for the firm. The reasons for this acquisition were not disclosed in the article.
Helios Investment Partners, based in London, has offices in Nairobi and Paris. The sale of its majority stake in the gas distribution company could potentially impact the African gas distribution sector, given the firm's status as one of the largest private equity firms in Africa.
Elsewhere, ABO Energy, another player in the African energy sector, announced its plan to sell the majority of its development business following a previous divestment of its subsidiary in Greece earlier in 2025. This move could also have implications for the African gas distribution sector.
On a separate note, Macquarie is aiming to establish a presence in Saudi Arabia after a preliminary deal with the Public Investment Fund (PIF). JPMorgan, on the other hand, is planning to increase its corporate banking hiring in the Asia Pacific region. BlackRock is opening an office in Kuwait to further its expansion in the Gulf region.
However, the articles do not provide any information about the potential impact of these moves on the firms' other investments or operations, or on the specific sectors they are operating in.
