Vitol and Helios complete acquisition of 100% of Vivo Energy
Further to the acquisition of Shell’s 20% shareholding in Vivo Energy by Vitol Africa B.V., Helios Investment Partners (“Helios”), acting on behalf of the funds to which it is advisor, and Vitol own 100% of Vivo Energy.
Vivo Energy, the company behind the Shell brand in Africa, was created by Helios, Vitol and Shell in 2011 when Shell divested its majority share in its downstream operations in 14 African markets. Since then, its shareholders have made significant investments in people and assets, expanding the retail network from 1,300 to 1,780+ stations, its presence to 16 countries and enhancing its industry-leading operational and safety performance. Vivo Energy will continue to operate under the Shell brand.
Vitol is an energy and commodities company; its primary business is the trading and distribution of energy products globally – it trades over seven million barrels per day of crude oil and products and, at any time, has 250 ships transporting its cargoes.
Vitol’s clients include national oil companies, multinationals, leading industrial and chemical companies and the world’s largest airlines. Founded in Rotterdam in 1966, today Vitol serves clients from some 40 offices worldwide and is invested in energy assets globally including; circa 15.9mm3 of storage across six continents, 390kbpd of refining capacity and 3,000 service stations across Africa, Australia and in Northwest Europe. Revenues in 2016 were $152 billion.
Founded in 2004, Helios Investment Partners is one of the largest Africa-focused private investment firms, with a record that spans creating start-ups to providing established companies with growth capital and expertise. The Helios team applies developed world investment tools to African business opportunities, taking a platform-building approach to portfolio development. With private equity and direct lending strategies, Helios helps African businesses to grow by being a provider of capital across the capital structure.
One of the few independent pan-African investment firms founded and led by Africans, Helios leverages its local and global networks, identifying businesses opportunities and structuring proprietary transactions around them. The firm’s unique combination of deep knowledge of the African operating environment, a singular commitment to the continent and a proven capability to manage complexity, is reflected in its position as a partner of choice.
Managing funds totalling approximately $3 billion, Helios has a diverse LP base that comprises a broad range of the world’s leading investors, including sovereign wealth funds, corporate and public pension funds, endowments and foundations, funds of funds, family offices and development finance institutions across the US, Europe, Asia and Africa.
For further information on Helios Investment Partners please contact:
Fergus Wheeler / Louisa Feltes / Jess Gill
020 3727 1000
For further information on Vitol please contact:
+44 (0) 207 973 4230