Stockbroker Genghis Capital Limited has received approval from the Capital Markets Authority, the Competition Authority of Kenya and its shareholders for the acquisition of the entire issued share capital of Genghis by Goodison Two Seven Three Limited.
Genghis is an investment bank licensed by the Capital Markets Authority and a trading participant at the Nairobi Securities Exchange Limited.
Goodison Two Seven Three Limited is a special purpose vehicle that has been established by investors led by Pamoja Capital Limited. Pamoja is a regional corporate finance advisory firm with offices in Nairobi and Johannesburg.
A new Board of directors has been appointed and shall comprise of Mr. Godwin Wangong’u and Mr. Edward Wachira as non-executive directors while Geoffrey Gangla, CFA shall serve as an Executive Director. It is expected that additional appointments of non executive directors will follow in due course.
READ; Genghis Capital acquired by Pamoja Capital
Geoffrey Gangla, CFA will now take over as the Chief Executive Officer. Mr. Gangla has over 17 years of experience in investment banking including mergers and acquisitions and capital markets having worked on numerous landmark cross-border financing deals.
“The focus going forward will be to provide both our existing and potential clients with a best in class platform through which they can access investment opportunities in East Africa and beyond. The investment in Genghis Capital underscores our belief in the long-term potential of the firm.” Mr. Gangla said. “Together with the management, we wish to assure our clients that we are here for the long term and will focus on ensuring the successful, sustainable continuity of the business. We thank our clients, partners and staff for the support shown thus far. ” Mr. Gangla added.
