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Weekly Roundup – 12/14/13: LeapFrog Investments’ sale of microinsurer to Prudential might one of biggest exits in impact investing
Impact investor LeapFrog Investments announced this week that it had sold its equity stake in Ghanaian insurer Express Life to Prudential PLC, one of the world’s biggest insurance companies. Express Life sells micro-insurance and savings products to 730,000 mostly first-time buyers. For investors seeking a high-potential and highly scalable company that sells affordable goods and services to low-income people, this deal is one to bookmark.
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