Orrick Advises LeapFrog on $180 Million Investment in Enterprise Group


Orrick has advised LeapFrog Investments Group, a profit-with-purpose investor in emerging markets, on its $180 million investment in Ghana’s largest and first publicly-listed insurer Enterprise Group. The investment was made through LeapFrog Strategic African Investments (“LSAI”), a $350 million fund in which the NYSE-listed Prudential Financial, Inc. is the primary investor. The Enterprise Group commitment represents LeapFrog’s largest investment to-date and is the first investment by LSAI.

LeapFrog Investments backs financial services and healthcare companies that profitably reach low-income consumers in emerging markets.

The transaction is subject to customary closing conditions, including regulatory approvals.

The Orrick London team advising Leapfrog on the transaction was led by partner Weyinmi Popo and associate Bolu Majekodunmi, with Ed Denny, James Larkin and Bridget Winters advising on tax matters.