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December 3, 2021

DAI strengthens investment management arm with MicroVest deal

By Verdict Staff

DAI has acquired registered investment adviser (RIA) MicroVest Capital Management to further fortify its investment management arm, DAI Capital .

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
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  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
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by GlobalData
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Financial terms of the deal were not disclosed.

Established in 2003, MicroVest focuses on allocating private investments to financial institutions that caters to underbanked enterprises in emerging markets.

The firm is said to have disbursed over $1bn to more than 200 financial institutions across 60 countries to help drive financial inclusion.

MicroVest marks DAI’s first takeover in the asset management space. The deal will help the company to mobilise and deploy private capital in frontier and emerging markets.

DAI, which has footprint in over 100 countries, works with governments, donors, corporations, and philanthropies to provide integrated development solutions across technical disciplines.

Commenting on the deal, DAI president and CEO Jim Boomgard said: “Combining with MicroVest adds a rich vein of expertise to DAI’s existing asset management team, connects that combined team to a wider network of investors, and provides DAI a platform on which to build a world class, high-impact asset management business.”

Under the terms of the deal, MicroVest will retain its current management team. The firm will continue to be led by its founder Gil Crawford.

Crawford commented: “In its 50 years of operation, DAI has found the right formula to balance a global perspective with local insights. DAI’s local networks and technical domain expertise represent an infusion of new, added value to MicroVest’s investors, portfolio companies, and stakeholders.”

According to DAI, the latest transaction complements its recent purchase of Magister Advisors, which is focused on the Africa and MENA region.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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