Helios Investment Partners

Helios Investment Partners is a private equity and venture capital firm specializing in buyouts of going concerns, recapitalization, mezzanine, growth capital for private enterprises, restructurings joint ventures, startups; either green-field or brownfield; and the majority or blocking-minority structured investments in listed entities. It seeks to invest in the telecommunications, media, financial services, power, utilities, travel, leisure, distribution, fast-moving consumer goods, logistics, and Agro-allied sectors. The firm prefers to invest in Africa with a focus on Nigeria, South Africa, and Kenya. It seeks to invest between $15 million and $200 million in an individual transaction. The firm prefers to have a board seat in its portfolio companies. Helios Investment Partners LLP was founded in 2004 and is based in London, United Kingdom.

Fope Adelowo

Principal

Souleymane Ba

Partner

Paul Cunningham

Partner, CFO

Temitope Lawani

Managing Partner, Member of Executive and Investment Committees

Babatunde Soyoye

Managing Partner

Past deals in West Africa

SeamlessHR

Series A in 2025
SeamlessHR Limited is a human resource technology software company based in Lagos, Nigeria, founded in 2013. It offers a comprehensive, cloud-based HR platform tailored for medium to large-sized organizations, facilitating the automation and optimization of HR processes from recruitment to retirement. The company's product suite includes a Recruitment Management System, HR Management System, Learning Management System, Payroll Management, Leave Management, and Performance and Competency Management tools. Additionally, SeamlessHR provides HR analytics and embedded finance solutions aimed at enhancing financial security for both employers and employees. Through its technology, SeamlessHR enables businesses to streamline various HR functions, ensuring efficient management of their workforce.

Techniques Science Santé

Acquisition in 2021
Techniques Science Santé is a distributor of high tech medical equipment. For 25 years, T2S has been the leader in the distribution and maintenance of radiology (MRIs, scanners) and radiotherapy equipment (accelerators for oncology) and has today the largest installed base in Morocco. It has since broadened its product range and is now the one stop shop service provider for healthcare projects. It is active in Africa since 2008 and has run projects in Mauritania, Ivory Coast and Mali. The company has revenues of c.m40€ and has 140 employees.

Africell

Debt Financing in 2021
Africell, established in 2001, is a prominent mobile telecommunications provider in Africa, focusing on connecting and empowering local communities. The company has achieved significant growth, becoming the leading operator in Gambia and Sierra Leone, while expanding its operations in the Democratic Republic of the Congo and Uganda, where it acquired Orange Uganda. Africell Holdings maintains full ownership of its operations in Gambia, Sierra Leone, and the DRC, and holds a majority stake in Uganda. As of the end of 2016, Africell had approximately 11 million active subscribers. The company offers a range of services, including 2G and 3G voice and data services, and is in the process of deploying LTE services, which are already available in Kampala, Uganda.

Axxela

Acquisition in 2019
Axxela Limited operates a natural gas distribution network focused on developing gas and power infrastructures across West Africa. The company provides a comprehensive energy offering that includes pipeline gas, compressed natural gas (CNG), and liquefied natural gas (LNG), alongside captive power services such as high-pressure transmission pipelines and gas processing facilities. Axxela aims to help clients meet their natural gas requirements while promoting environmental sustainability by facilitating a transition to cleaner energy sources, thereby reducing emissions of carbon dioxide, nitric oxide, and sulfur oxide.

Africell

Debt Financing in 2018
Africell, established in 2001, is a prominent mobile telecommunications provider in Africa, focusing on connecting and empowering local communities. The company has achieved significant growth, becoming the leading operator in Gambia and Sierra Leone, while expanding its operations in the Democratic Republic of the Congo and Uganda, where it acquired Orange Uganda. Africell Holdings maintains full ownership of its operations in Gambia, Sierra Leone, and the DRC, and holds a majority stake in Uganda. As of the end of 2016, Africell had approximately 11 million active subscribers. The company offers a range of services, including 2G and 3G voice and data services, and is in the process of deploying LTE services, which are already available in Kampala, Uganda.

Starsight

Private Equity Round in 2018
Starsight provides captive power and energy efficiency solutions to commercial, multi-site clients in Nigeria through long-term contracts.

The Quantum Group

Debt Financing in 2017
The Quantum Group, a company based in Ghana with vertically-integrated operations in the transportation and logistics of refined petroleum products.

Axxela

Private Equity Round in 2016
Axxela Limited operates a natural gas distribution network focused on developing gas and power infrastructures across West Africa. The company provides a comprehensive energy offering that includes pipeline gas, compressed natural gas (CNG), and liquefied natural gas (LNG), alongside captive power services such as high-pressure transmission pipelines and gas processing facilities. Axxela aims to help clients meet their natural gas requirements while promoting environmental sustainability by facilitating a transition to cleaner energy sources, thereby reducing emissions of carbon dioxide, nitric oxide, and sulfur oxide.

OVH Energy - Oando Licensee

Private Equity Round in 2016
OVH Energy, is the second largest downstream fuels company in Nigeria.

Starzs Investments Company

Debt Financing in 2015
Starzs Investments Company Limited, a leading indigenous Nigerian offshore oil & gas services company.

ARM Pension Managers PFA

Private Equity Round in 2014
ARM Pension Managers PFA Limited (“ARM Pensions”), a subsidiary of ARM. ARM Pensions is Nigeria’s largest independent pension fund manager.

MallforAfrica

Private Equity Round in 2013
MallforAfrica is Africa's larges online mall which enables Africans from 35 countries purchase items from international retailers in the US and UK who do not accept local currency or ship to Africa. Its online platform and payment system gives its users access to over 250 US/UK retailers and over 2 billion products. MallforAfrica was successfully sold with an IP and Platform exit in 2021. MallforAfrica was launched by Chris Folayan in June 2012 and its operations are based in Nigeria

First City Monument Bank

Private Equity Round in 2007
First City Monument Bank is a commercial banking institution founded in 1982 and based in Lagos, Nigeria. It serves a diverse clientele, including large corporations, small and medium enterprises, and individual customers. The bank offers a wide array of financial services, such as personal banking, business banking, and corporate banking. Its product offerings include loans, savings and current accounts, credit cards, and online banking. Additionally, First City Monument Bank provides specialized services like cash management, foreign exchange, corporate finance, and trade services. The bank's corporate finance division focuses on financial advisory, capital raising, mergers and acquisitions, and infrastructure and project finance, facilitating digital transformation in banking for its customers.

HTN Towers

Private Equity Round in 2005
HTN Towers are the first independent African tower operator having been established in 2006. We have a diversified tower sites portfolio of over 2, 000 sites, which are urban and sub urban-centric with presence in 34 of the 36 Nigerian states. A third of our sites are located in Nigeria's two largest cities, Lagos and Abuja. We provide the passive infrastructure in the telecom industry, which includes space on ground, tower structure and advanced power management systems for uninterrupted power supply.
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