Helios to merge with Fairfax Africa.

Helios, an Africa-focused private investment firm, agreed to merge with Fairfax Africa, an investment holding company. Helios will contribute certain economic streams to Fairfax Africa in exchange for a 45.9% equity and voting interest in the pro forma share capital of Fairfax Africa. On closing of the transaction, Fairfax Africa will be renamed Helios Fairfax Partners and continue to be listed on the Toronto Stock Exchange. "We are proud to be partnering with Fairfax Financial and Prem Watsa on this next step of Helios' development. The combination leverages our mutual strengths and enables us to provide public market investors with unique access to a differentiated set of investment opportunities on the African continent, as we have been doing for our partners in our private funds. This will strengthen our ability to deliver on our mission to generate globally competitive investment returns and create positive socioeconomic development outcomes for Africa by building profitable, value-creating and socially responsible businesses," Tope Lawani, Helios Investment Partner Co-Founder and Managing Partner.