Here’s an update on the dramatic week at Cars45; we know that the OLX Group injected $400 million in exchange for new shares and a tender offer to buy out existing shareholders. But how did an acquisition become enmeshed in drama?
In announcing the departure of 11 members of its top management, Cars45 chose to go with a bit of drama. Here’s what we know about the high profile exits
Mayokun Fadeyibi grew up in two university communities with five sisters raised by two university professors. Growing up between Ife and Lagos, southwest Nigeria, Fadeyibi moved to the US where she spent another 13 years studying and obtaining her undergraduate, graduate and postgraduate degrees in Mathematics and Business. Family obligations as a new mother to […]
Weeks after closing a $400m funding round, Frontier Cars Group, operating as Cars45 has now expanded to Ghana and Kenya, with plans to open in other African cities by 2020
OLX Group has announced it will lead the Series D funding round in Berlin-based Frontier Car Group (FCG). OLX, which is owned by Naspers’ digital division Prosus, said it will invest as much as $400 million in the company.