Leapfrog Investments

LeapFrog Investments, established in 2007, is a London-based private equity firm that focuses on growth-stage investments in the financial services and healthcare sectors. It primarily targets emerging markets, including Africa and Asia, with a particular emphasis on countries like Kenya, Nigeria, Ghana, South Africa, India, Indonesia, the Philippines, and Sri Lanka. The firm invests in businesses that provide essential financial and healthcare products and services, such as insurance, pensions, savings, credit, mobile payments, and medical products distribution. LeapFrog typically invests between $10 million and $50 million, aiming for both minority and majority stakes, and expects to exit its investments within four to seven years through IPOs, trade sales, or secondary sales.

Stephen Bowey

Operating Partner

Partrick Duff

Investment Director

Gary Herbert

Co-Founder, COO, Board Member and Member of Management and Investment Committee

Michael Jelinske

Director of Investments

Annabelle Jurd

People Associate

Kuper Ph.D., Andrew

Founder and CEO

Stewart Langdon

Partner and Co-Head

Fernanda Lima

Partner

Biju Mohandas

Partner and Global Co-Lead, Healthcare

Felix Olale

Partner, Global Co-Lead, Health Investments, Board Member and Member of Investment Committee

Raimund Snyders

Partner

Nakul Zaveri

Partner and Co-Head

Past deals in East Africa

Pyramid Group

Private Equity Round in 2018
Pyramid Group was founded in 2001 with the goal of becoming the preferred partner in the provision of healthcare solutions in Africa. It invests in the best systems and people to ensure that quality products are delivered, and superior service is offered. In 2013 Pyramid Group attained ISO 9001:2008 certification, whose standards represent an international consensus on good quality management practices, and in the same year expanded its footprint from Tanzania to Uganda, Rwanda, Burundi, Kenya, Ethiopia and Mozambique. Pyramid Group currently represents internationally renowned companies in medical & laboratory equipment, reagents and medical supplies.

Pyramid Group

Private Equity Round in 2018
Pyramid Group was founded in 2001 with the goal of becoming the preferred partner in the provision of healthcare solutions in Africa. It invests in the best systems and people to ensure that quality products are delivered, and superior service is offered. In 2013 Pyramid Group attained ISO 9001:2008 certification, whose standards represent an international consensus on good quality management practices, and in the same year expanded its footprint from Tanzania to Uganda, Rwanda, Burundi, Kenya, Ethiopia and Mozambique. Pyramid Group currently represents internationally renowned companies in medical & laboratory equipment, reagents and medical supplies.

Goodlife Pharmacy

Acquisition in 2016
GoodLife Pharmacy is a retail pharmacy chain based in Nairobi, Kenya, serving over 600,000 customers through 19 convenient locations across East Africa. The company specializes in providing trusted pharmaceuticals and wellness products, alongside a range of health services. These services include monitoring blood pressure, blood glucose levels, and body mass index, as well as offering malaria testing, family nutrition guidance, doctor consultations, and laboratory services. By focusing on affordability and accessibility, GoodLife Pharmacy aims to enhance healthcare availability for its customers.

AFB

Private Equity Round in 2015
afb is a financial services company based in Accra, Ghana, that provides credit solutions to individuals and small businesses across Africa. Founded in 2010, afb operates through four main divisions: cards, loans, mobile, and insurance. The company focuses on harnessing data to understand consumer behavior, enabling it to offer innovative financial products such as mobile money, working capital solutions, and loyalty programs. With a growing customer base of over 300,000 in Kenya, Ghana, and Tanzania, afb has established partnerships with more than 400 retail outlets and has pioneered the provision of unsecured credit via digital channels in collaboration with major mobile network operators.

Resolution Insurance

Acquisition in 2014
Resolution Insurance, established in 2002 in Kenya as Resolution Health East Africa, was the first company registered as a Medical Insurance Provider in the country. It gained recognition as the Medical Insurance Provider of the Year at the Think Business Insurance Awards in 2012. In 2013, Resolution Insurance became licensed as a General Insurer by the Insurance Regulatory Authority, allowing it to offer a range of insurance products, including Personal Accident, Workmen's Compensation, Liability, Medical, and Miscellaneous classes of General Insurance. Medical insurance is the company's core offering, with over 60,000 members, including corporate clients, social groups, families, and individuals benefiting from its services. In addition to medical insurance, Resolution Insurance provides travel, liability, property, and motor insurance, serving clients across Kenya with innovative and comprehensive solutions.

Apollo Investments

Private Equity Round in 2011
Apollo Investments Limited provides general and life insurance solutions for individuals, businesses, and organizations in Kenya. Its products include group life assurance, group last expense assurance, group accident disability assurance, group critical illness assurance, group mortgage assurance, group credit life assurance, group pension plans, individual pension plans, and pension annuity plans.
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