Zimre Holdings Limited, an insurance company with interests in Zimbabwe and several other African markets, decided in 2008 to exit all non-insurance investments, and focus on insurance and property. This decision created an acquisition opportunity for the GGF Management team. In August 2008, Team GGF, under the leadership of its founding Managing Director, Felix Kumirai, structured, negotiated and executed a Management Buy-Out resulting in the purchase by Simukai Enterprises (a management owned vehicle) of 100% of the ordinary share capital in GGF, owned by Zimre through its financial holdings company at the time, Genesis Financial Holdings Limited. We will always remember that Mergers & Acquisitions, Management Buy-outs, and Transaction Advisory is a calling drawing from the very foundation of our institutional history and heritage – a part of our DNA, not just as a fancy gimmick we like to toast on drinks nights, but as a true record in the history of the firm.
