Helios Makes Progress on Controversial CAB Payments Deal as East Africa Reviews Takeover Bid

East Africa's competition regulator has opened an inquiry into private equity firm Helios Investment Partners' planned acquisition of London-listed cross-border payments company CAB Payments, in a deal that could reshape digital payment infrastructure serving Kenya and the wider region.•The acquisition would see Mara BidCo Ltd, a special purpose vehicle backed by Helios Investment Partners and Helios Fairfax Partners, acquire all outstanding shares in CAB Payments that are not already owned by Helios' earlier investment fund.