Sector: 
Insurance (general, life and heath)
Country: 
Mauritius
Date of Investment: 
December 2010
Deal type: 
Buy-Out

Intendance Holding is an investment company holding a controlling stake in Swan Group. Swan is the leading general, life and health insurance company in Mauritius providing an array of services and non-banking financial products to a large individual and corporate client base; it is listed on the Mauritius stock market with a market capitalization of about US$100 m. 

Kibo made an investment in the company as part of shareholder reorganization within the group as Swan embarked on a new strategy focused upon consolidating its dominant position in the small yet dynamic Mauritius market, through the acquisition of a smaller player, as well as expanding in the region. 

The investment was successfully exited in June 2012.