Cytonn Investments
| Private Limited Company | |
| Industry | Investments |
| Founded | 2014 |
| Headquarters | Nairobi, Kenya |
Key people | |
| Products | Equity Ownerships, Real Estate Development, Advisory Services |
| Revenue |
 Aftertax:KES:631 million (USD:6.34 million) (2015)[1] |
| Total assets | KES:6.5 billion (USD:65 million) (2015)[1] |
| Website |
www |
Cytonn Investments, whose complete name is Cytonn Investments Management Limited is a private equity investment company, based in Kenya.[3]
Location
The headquarters of Cytonn are located on the 3rd Floor, Liaison House, State House Avenue, Nairobi, Kenya.[4] The coordinates of the company headquarters are 1°17'13.0"S, 36°48'30.0"E (Latitude:-1.286944; Longitude:36.808333).[5] The company maintains a branch office on the 6th Floor, The Chancery, Valley Road, Nairobi, Kenya.[4] The company also has an overseas office in Greenbelt, Maryland, USA.[4]
Overview
Cytonn is a private equity firm, formed in 2014 and is based in Kenya, the largest economy in the East African Community.[3] It is headed by a team of young professionals with local expertise and a wide network of overseas contacts.[3] The firm has, during the first two years of existence, established a subsidiary in the United States (Cytonn Diaspora), to cater to Kenyans who live overseas. Among its other subsidiaries is Cytonn Cooperative Savings Society and Cytonn Real Estate Investments Limited, a subsidiary dedicated solely to investing in real estate. As at 31 December 2015, the firm's total assets were KES:6.5 billion (USD:65 million).[1] In September 2016, the company applied to the Capital Markets Authority of Kenya to establish a subsidiary wholly and solely dedicated to wealth management.[6]
History
In 2014, four senior managers at publicly listed British-American Investments Company (Britam), left the company to form their own private equity firm which they named Cytonn.[7] The four are:[8][9]
- Edwin Dande - Chief executive officer at Cytonn
- Patricia Wanjama - Chief legal officer at Cytonn
- Shiv Arora - Executive director at Cytonn
- Elizabeth Nkukuu - Chief investment officer at Cytonn
Investment structure
Cytonn's investments are organised into four main classes:[10]
Private Equity
Cytonn focuses in the areas of (a) financial services (b) education & human resources and (c) information technology
Real Estate
Focusing in theareas of (i) real estate investments (ii) real estate backed fixed income notes and (iii) rent stabilised investments units
High Yield Fixed Income
Includes (A) short-term notes and (B) medium and long-term fixed income notes.
Cooperative Society
A wholly owned subsidiary, Cytonn Investment Co-operative Society Limited (Cytonn Coop).[11]
Ownership
The company stock is owned by the four founders of the firm.[8] In 2015, the founders sold 10 percent of the company stock to "high net-worth investors".[3] The shareholding in the business is as depicted in the table below.
| Rank | Name of Owner | Position | Percentage Ownership |
|---|---|---|---|
| 1 | Edwin Dande | | |
| 2 | Patricia Wanjama | ||
| 3 | Shiv Arora | ||
| 4 | Elizabeth Nkukuu | ||
| 5 | Others | | |
| Total | |||
See also
- British-American Investments Company
- Centum Investments
- Capital Markets Authority (Kenya)
- Economy of Kenya
References
- 1 2 3 4 Mureithi, Francis (26 August 2016). "Kenya: Cytonn Investments Posts Sh631 Million Profit in 2015". Daily Nation via AllAfrica.com. Nairobi. Retrieved 22 September 2016.
- ↑ Kariuki, James (11 January 2016). "Real estate is where wealth will grow in 2016, says firm in report". Daily Nation. Nairobi. Retrieved 22 September 2016.
- 1 2 3 4 Wangalwa, Elayne (22 April 2015). "Cytonn Investments CEO outlines company's future". Cnbcafrica.com. Retrieved 22 September 2016.
- 1 2 3 Cytonn (22 September 2016). "Cytonn Investments Management Limited: Contact Us". Nairobi: Cytonn Investments Management Limited (Cytonn). Retrieved 22 September 2016.
- ↑ Google (22 September 2016). "Location of the Headquarters of Cytonn Investments Management Limited" (Map). Google Maps. Google. Retrieved 22 September 2016.
- ↑ Herbling, David (21 September 2016). "Cytonn to continue cash management but seeks separate CMA fund licence". Business Daily Africa. Nairobi. Retrieved 22 September 2016.
- ↑ Wasuna, Brian (24 December 2014). "Britam, Cytonn serve up 2014's fiercest corporate battle". Business Daily Africa. Nairobi. Retrieved 22 September 2016.
- 1 2 Daily Nation (14 October 2014). "Britam faces classic case of new money posing threat to old". Daily Nation Mobile. Nairobi. Retrieved 22 September 2016.
- ↑ Cytonn (22 September 2016). "Cytonn Investments Management Limited: The Team". Nairobi: Cytonn Investments Management Limited (Cytonn). Retrieved 22 September 2016.
- ↑ Cytonn (22 September 2016). "Cytonn Investments Management Limited: Investment Solutions". Nairobi: Cytonn Investments Management Limited (Cytonn). Retrieved 22 September 2016.
- ↑ Cytonn (22 September 2016). "Cytonn Investment Co-operative Society Limited". Nairobi: Cytonn Investments Management Limited (Cytonn). Retrieved 22 September 2016.