ABOUT US

Barbican Capital was established by Honeywell Group to deploy capital within Africa’s financial services sector through strategic and impactful investments. Building on Honeywell Group's 50-year legacy, Barbican Capital is rooted in the values of Agility, Stewardship, Excellence, Boldness, and Collaboration. With these values in mind, we will ensure a trajectory of superior performance with our approach guided by a goal to deliver enduring value for all our stakeholders. With an anchor investment in FBN Holdings (FBNH), Barbican Capital holds a 15.1 % stake in Africa’s premier financial services holding company.

Barbican Capital is more than an investment firm – it's a catalyst for growth. Driven by an exceptional leadership team, extensive industry experience, network, and unwavering commitment to excellence, Barbican provides strategic direction and insights to drive value creation in its investee companies. In line with a long-standing philosophy as a patient investor, Barbican works closely with stakeholders with a shared vision to foster the creation and enhancement of value for all. We are ambitious for our portfolio, and for the continent.

With a long tradition of investing in financial services across Africa, we have played a significant role in the sector through various companies. We have a history of investing in, transforming to create value, and divesting from companies in the sector, as evidenced by our investments in Ecobank Transnational Inc (which we have since exited) and stakes in pensions and investment banking companies. Our track record underscores our belief that an efficient and thriving financial services sector is key to economic growth and development.

Investors have long trusted Honeywell Group's investment direction and business acumen, and Barbican Capital is poised to continue this legacy of wealth creation and enduring value. With its strong foundation, strategic vision, and exceptional leadership, Barbican Capital is well-positioned to deliver exceptional results to its stakeholders, whilst having a positive impact on the wider African business landscape.

With his background as a banker and one of the earliest qualified “professional bankers” in Nigeria, Honeywell Group’s Chairman, Oba Otudeko, recognised the value in FBN and saw the potential for transformation and growth, leading him in 1994 to invest in the newly privatised bank. That initial investment during the government’s privatisation drive of the early 90s started a journey that saw him grow the investment and subsequently join the FBN Board in 1997, before becoming the FBN Board Chairman in 2010. Otudeko’s most recent appointment was Chair of the FBN Holdings Board in 2012, a position he held until 2021.