African Rainbow Capital, a private equity firm, agreed to acquire a 55% stake in Alexander Forbes Group Holding, a diversified financial services, for $213m. "Our further investment in Alexander Forbes is in line with our stated strategy that Alexander Forbes is a key part of ARC’s financial services strategy going forward and the strategic opportunities we see. We believe real value can be unlocked for all stakeholders,” Johan van Zyl, Africa Rainbow Capital, Co-CEO.