Apis Partners Bows Out of Baobab as Beltone Takes the Lead

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Apis Partners Bows Out of Baobab as Beltone Takes the Lead

When Apis Growth Fund I, a private equity fund managed by UK-based Apis Partners, first invested in Nigerian-based Baobab, the vision was clear—to support a financial services provider that could empower small and medium-sized enterprises (SMEs) across Africa. Now, after years of strategic guidance and transformation, Apis Partners has signed binding agreements to fully exit its stake, marking its ninth and penultimate full divestment. The stake…