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Crown Agents completes sale of banking, investment management units

Crown AgentsLtd. said April 1 that it completed the of 100% of units and to Helios Investors III LP, a fund advised by ,following receipt of regulatory approvals.

Crown Agents noted that while client relationships will beunaffected by the transfer of ownership, the Helios investment will addfinancial resources to better meet the growing needs of customers of CrownAgents Bank and Crown Agents Investment Management.

Tope Lawani, Helios Investment Partners' co-founder andmanaging partner, said Helios will transform Crown Agents Bank into a wholesalebank for small and medium-sized countries and Crown Agents InvestmentManagement into an investment management company for entities operating inAfrican markets.