Helios Investment Partners

Helios Investment Partners, established in 2004, is a London-based private equity firm focused on Africa. It invests in a broad range of sectors, including telecommunications, media, financial services, power, and consumer goods, among others. The firm engages in various investment types such as buyouts, growth equity, and structured investments in listed entities. Helios typically invests between $15 million to $200 million per transaction, with a preference for board seats in its portfolio companies. It primarily targets Nigeria, South Africa, and Kenya.

Fope Adelowo

Principal, Investment Team

Lazarus Angbazo Ph.D

Partner and Head of Portfolio Operations - West Africa

Souleymane Ba

Partner, Investments

Tavraj Banga

Partner and Co-Head of Climate Investments

Sola Carrena

Managing Director, Investment Team

Paul Cunningham

Partner and CFO

Christina Drews

Partner, COO and Member of Executive Committee

Luciana Germinario

COO, Member of Executive Committee and Partner

Jamie Hollins

Principal, Investments

Temitope Lawani

Managing Partner, Member of Executive and Investment Committees

Tope Lawani

Managing Partner

Cecilie Nielsen

Managing Director, Human Capital, Portfolio Operations Group

Ogbemi Ofuya

Partner, Investments

Simon Poole

Partner, Portfolio Operations Group

Max Von Trotha

Managing Director - Integration, Portfolio Operations Group

Elias Yazbeck

Managing Director

Zineb Abbad El Andaloussi

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, established in 2001 and headquartered in Lagos, Nigeria, specializes in operating a natural gas distribution network. The company, previously known as Oando Gas and Power Limited, facilitates the supply of natural gas to various sectors, offering pipeline gas, compressed natural gas (CNG), and liquefied natural gas (LNG), along with captive power services. By providing these comprehensive energy solutions, Axxela enables its clients to meet their natural gas requirements while also promoting a cleaner environment by reducing emissions.

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, established in 2001 and headquartered in Lagos, Nigeria, specializes in operating a natural gas distribution network. The company, previously known as Oando Gas and Power Limited, facilitates the supply of natural gas to various sectors, offering pipeline gas, compressed natural gas (CNG), and liquefied natural gas (LNG), along with captive power services. By providing these comprehensive energy solutions, Axxela enables its clients to meet their natural gas requirements while also promoting a cleaner environment by reducing emissions.

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 is a prominent indigenous offshore oil and gas services provider based in Nigeria. The company specializes in marine transportation and logistics services tailored for both international and local oil companies. Its offerings include towage, anchoring, and positioning of offshore assets, as well as ship management and maritime security logistics support. By delivering a comprehensive range of services, Starzs Investments enables its clients to select the specific solutions that meet their operational needs in the offshore oil and gas sector.

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

Eland Oil & Gas

Private Equity Round in 2012
Eland Oil & Gas is an independent oil and gas company focused on the exploration and production of oil and gas in West Africa, particularly in Nigeria. The company holds significant interests in the OML 40 license, covering 498 square kilometers in the Niger Delta, and a 40% interest in the Ubima field, which spans 65 square kilometers in northern Rivers State. Eland Oil & Gas aims to develop and enhance its portfolio of producing upstream assets in the region. Founded in 2009 and headquartered in Aberdeen, United Kingdom, the company also provides financing services to support its operations. As of December 2019, it operates as a subsidiary of Seplat Petroleum Development Company.

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 is the first independent tower operator in Africa, established in 2006. The company operates a diverse portfolio of over 2,000 tower sites, primarily located in urban and suburban areas across 34 of Nigeria's 36 states. A significant portion of these sites is concentrated in Nigeria's largest cities, Lagos and Abuja. HTN Towers specializes in providing passive infrastructure for the telecommunications industry, which includes colocation services, distributed antenna services, and managed services. Additionally, the company designs, builds, and operates tower site infrastructure, ensuring reliable connectivity through advanced power management systems for uninterrupted power supply.
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