Partial Stake Sale
Project Baobab — 49% partial stake
Pamoja Growth Partners · opened 2026-02-04 · target close 2026-09-30
KES 480M (pre-money)
Preparation
Owner: CFO · 2026-01-15 → 2026-02-10
done
- Audited financials assembled
- Cap table cleaned
- Mandate signed with advisor
Teaser
Owner: Advisor · 2026-02-10 → 2026-03-01
done
- Anonymous teaser drafted
- Buyer long-list approved
- Teaser circulated to 14 parties
NDA
Owner: Legal · 2026-03-01 → 2026-03-25
done
- NDAs executed with 9 parties
- CIM released
LOI
Owner: CEO · 2026-03-25 → 2026-05-01
done
- 3 LOIs received
- LOI from Pamoja accepted (exclusivity 60d)
Due Diligence
Owner: CFO + Legal · 2026-05-01 → 2026-07-15
active
- Financial DD pack uploaded
- Commercial DD interviews
- Legal DD Q&A open
- Tax DD open
SPA Negotiation
Owner: Legal · 2026-07-15 → 2026-08-30
todo
- SPA first draft
- Warranties & indemnities agreed
- Disclosure letter finalised
Closing Conditions
Owner: All · 2026-08-30 → 2026-09-25
todo
- CAK approval
- Lender consents
- Key customer consents
Completion
Owner: Legal · 2026-09-25 → 2026-09-30
todo
- Funds flow signed
- Share transfers executed
Post-Completion
Owner: CFO · 2026-09-30 → 2026-12-31
todo
- Statutory filings (BRS)
- Earn-out tracking begins