NAIROBI, Kenya, Oct 7 – A group of investors under Theo Capital Holdings Ltd has acquired Kenya’s stock brokerage firm and investment bank, Kestrel Capital East Africa Limited (KCEAL).
The transaction, executed through a Management Buyout (MBO), guarantees service continuity, business stability, and a continued commitment to market leadership.
Theo Capital Holdings, comprising professionals with over 60 years of combined experience in capital markets, fund management, and global trade execution, will provide strategic oversight to the firm.
“This acquisition is about conviction, opportunity, and belief in the power of markets. We are proud to build on Kestrel’s strong legacy by deepening client service and positioning the firm for expansion. Our vision is to broaden client access to investment solutions that improve outcomes,” said Francis Mwangi, CEO of Kestrel Capital, during the firm’s 30th anniversary gala.
The deal was led by Mwangi, who will continue to serve as CEO, and Theo Capital Holdings Chairman, Eric Ruenji.
“Kestrel Capital has always been more than a business; it has been a platform to connect Kenya to the world’s capital markets and to provide opportunities for investors to participate in Kenya’s growth story,” said Kestrel founder Charles Field-Marsham.
“As the firm transitions into new ownership, I am proud to entrust Kestrel’s future to Francis Mwangi and the dynamic team at Theo Capital, led by Eric Ruenji. I am confident that they will honor its heritage of excellence and integrity while bringing the vision and innovation to lead Kestrel into a bold new era.”
