AAIP Refinances SERS Ltd
16th February 2016
African Alpha Investment Partners (AIIP) announced today that it has invested an undisclosed amount into SERS Ltd, an Africa focused equipment financing company based in Mauritius. The transaction was a refinancing of a facility raised and arranged by AAIP in October 2014, extending maturities and reducing the company’s cost of borrowing. The new facility also provided additional growth capital to allow SERS to finance further asset acquisition for its equipment financing clients, including those who have provided essential services to agencies active in the Ebola-affected countries of West Africa. Rupert Boyd of AAIP commented “We are delighted to be able to support such a high quality team in their efforts to grow their business while at the same time provide such essential support to the community. It was a particularly difficult time for the region and it’s a testimony to the commitment of the company and the company’s clients that their expatriate management teams remained on the ground throughout the crisis working to provide a range of emergency support services which were so desperately needed.”
NOTES FOR EDITORS
About SERS LTD
SERS LTD is a Mauritius based provider of equipment financing options to companies in Africa. It seeks to provide cost-effective financing for companies looking to acquire and operate assets in African markets where commercial financing options are often unavailable.