4–9 months

Partial Stake Sale

An investor buys a minority or majority stake while the founder stays involved.

When it fits

Founder wants growth capital and a partner but not to leave. Business is generating cash and has a clear use of funds.

Most common East African transaction type today. Ndalani-style 49% stakes are essentially this — capital in, control retained, investor gets upside.

New investor added; existing holders diluted pro-rata unless anti-dilution applies.