Milost Group invests $250 million in Resort Savings & Loans

Milost Group invests $250 million in Resort Savings & Loans

As part of its wide-ranging acquisitions and investments, American private equity firm, Milost Group Inc., has now invested about $250 million in Nigeria’s Resort Savings And Loans Plc.

According to a disclosure by Resort Savings And Loans Plc, the $250 million is a financial facility comprising of $100 million equity and a $150 million debt instrument.

In the last three weeks, Milost Group has been doing big deals in Nigeria spending close to $3 billion in private equity investment into real estate, shipping, oil and gas and now a financial services provider.