Old Mutual Alternative Investments (OMAI), part of the Old Mutual Investment Group, has acquired 50% of African Infrastructure Investment Managers (AIIM) which, given it already owns 50%, now makes it the exclusive shareholder of the pan-African investment company.
It is little secret that the African market is becoming increasingly attractive to global investors. OMAI CEO, Paul Boynton (pictured), believes this transaction will secure a business with strategically significant growth opportunities for Old Mutual. As a pan-African asset manager, AIIM is well positioned to capitalise on this key growth sector, the CEO said.
AIIM was established 15 years ago as a 50-50 joint venture between OMAI and Macquarie Infrastructure and Real Assets (MIRA). Since then, it has grown into one of the continent's leading infrastructure investment managers.