- Dec. 11, 2012 - ATLANTA --
ATLANTA, GA (December 11, 2012) - Thawer Ashcroft Crowne & Co., Announced today that it has approached the management and major shareholders of DCB Commercial Bank (DSE:DCB), listed on Dar-es-salaam Stock Exchange with an offer to invest up to US$35M over a period of 18 months into the bank. Thawer Ashcroft Crowne & Co has issued a Letter of Intent which outlines the preliminary terms & conditions of the proposed investment via the acquisition of debt & equity securities of the bank representing up to 60% of equity interest. Thawer Ashcroft Crowne & Co’s participation will be structured to meet the current regulations concerning foreign ownership as an International Institutional Investor. Thawer Ashcroft Crowne & Co is a Venture Capital & Private Equity Firm which manages over 8 Funds with a track record of completing complex corporate transactions and enhancing enterprise value. This engagement will not only enhance and increase the enterprise value, but also give access to international investors who want to invest in Tanzania.
Thawer Ashcroft Crowne & Co, LLC. A Venture Capital & Private Equity Firm was founded after a series of acquisitions of venture capital portfolios & commitments to companies through secondary market exits. Headquartered in Atlanta, Georgia and has over 14 dedicated associates who share a commitment in making a positive difference in the investment society by upholding high ethical standards and by creating intricate financial models that can sustain today’s volatile economy and embracing entrepreneurship through investing in ventures through flexible capital via direct and syndicated funds. Thawer Ashcroft Crowne & Co, LLC, currently manages over 8 Venture Capital & Private Equity Funds registered and incorporated in various domicile. Funds (current): Thawer & Co Fund III, LLC, Thawer & Co, Fund IV, LLC, Thawer & Co Fund V, LLC, Thawer Hybrid Fund, LLP & Thawer International Fund, LLP, Thawer Equity Partners I, II & III, LLP. Funds (2012/13): Thawer & Co Arbitrage Fund, LLP, Thawer & Co European PE Fund, LLP & Thawer & Co Africa PE Fund, LLP.