Private Equity Investments Company Cytonn held a cocktail meeting with its institutional investor Taaleri, a Finnish wealth management fund at the Nairobi Serena Hotel on November 8.
The forum was a celebration of Cytonn’s partnership with Taaleri as well as an opportunity for Cytonn investors to interact with the Cytonn Board and Taaleri officials.
“We are here to celebrate a great milestone which is the great relationship we have with Taaleri. It is also a platform for our investors to get to know what we are doing as Cytonn, The Board and Taaleri as well as get to respond to any questions our clients may have around the firm’s governance,” said Edwin H. Dande, Cytonn’s CEO during the forum.
During the cocktail it was revealed that the Taaleri is looking to acquire 20% of Cytonn once the company floats its IPO at a date which is yet to be revealed.
“The listing of Cytonn will only serve to increase our levels of governance, risk management, disclosure and transparency. As a board, we are supporting the management on the listing and would like to congratulate them for taking the firm to these heights.” said Cytonn’s Board Chairman Prof. Daniel M Njiru.
Mr. Njiru further revealed that Taaleri has this year invested a further Ksh2 billion in Cytonn’s real estate projects.
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Taaleri Africa Team representative Ms. Kati Salo reaffirmed her firm’s commitment to the Taaleri-Cytonn partnership.
“As a risk manager, I am confident about the risk position of the firm and I can sleep well knowing that my investments are in good hands,” said Ms Salo.
Prof. Daniel M. Njiru also introduced members of the various boards at Cytonn, which are The Cytonn Group Board, Cytonn Asset Managers Limited (CAML) Board, Cytonn Hospitality Board, the Special Purpose Vehicles (SPVs) Boards and The Cytonn Education Board.
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