UAP Holdings, a Kenya-based financial services group, has raised KES4.7 billion (US$53.5 million) from three international private equity investors to support its regional and pan-African expansion plans. Aureos Capital’s Aureos Africa Fund, AfricInvest Fund II and AfricInvest Financial Sector Fund, both managed by Tunisia-based AfricInvest-TunInvest Group, and Swedish development finance institution Swedfund International AB all participated in the financing round. UAP Holdings currently operates in Kenya, Uganda and South Sudan, and plans to expand to Rwanda, the Democratic Republic of the Congo and Tanzania before the end of 2012.