8 Miles, a pan-African private equity firm, is exiting Orient Bank after a six-year holding period having first backed the company in 2015. The deal was structured through 8 Miles Fund I.

I&M Holdings Plc signed an agreement in July 2020 to acquire 90% shareholding of Orient Bank from 8 Miles and other sellers, including the founders. The acquisition was completed on 30 April 2021 after receiving the necessary approvals from the Central Bank of Kenya, Bank of Uganda, Capital Market...