Helios Holdings Ltd. and Fairfax Africa Holdings Corp. completed the previously announced strategic transaction for the combination of their complementary businesses on one unified platform. Fairfax Africa Holdings has been renamed to Helios Fairfax Partners Corp.

Fairfax Africa Holdings shareholders approved the deal at a special meeting Dec. 4.

The transaction creates a pan-Africa-focused listed investment holding company that has the benefit of the separate asset management activities of Helios Investment Partners LLP, according to a news release.

As a result of the transaction, an affiliate of Helios Investment Partners, the investment adviser to the Helios funds, has been appointed sole investment adviser to Helios Fairfax Partners. Tope Lawani and Babatunde Soyoye, the co-founders and managing partners of Helios Investment Partners, have been appointed as co-CEOs and directors of Helios Fairfax Partners.

Prior to the closing of the transaction, Hisham Ezz Al-Arab and Paul Rivett resigned from the board of Fairfax Africa Holdings.