ICFG China / CIGP acted as the Financial Advisor and Escrow Agent for the Baobab Group's sale of its Chinese subsidiary, MicroCred China
| Seller | Baobab Group |
| Target | MicroCred China |
| Deal Type | Mergers & Acquisitions |
| Territory | ChinaNigeria |
| Transaction Description | Baobab is a financial services group with operations in seven countries on the African continent and 4,800 team members. Through its subsidiaries, Baobab provides financial services to half a million micro entrepreneurs and small businesses, fulfilling its mission of broadening access to finance among those underserved by traditional banks. |
| Industry Sector | Business & Professional services |
| ICFG Office | Hong Kong |
ICFG China / CIGP acted as the Financial Advisor and Escrow Agent for the Baobab Group's sale of its Chinese subsidiary, MicroCred China
CIGP provided a turnkey solution to address transaction requirements between Baobab Group and the buyer, leveraging on its institutional custody infrastructure, corporate finance expertise, and entrepreneurial mindset.
