May 2026
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 | CIEL Ltd is an investment holding company. Its reportable segments are: i) Textile derives income mainly from the sale of knitwear, woven and fine knits products, ii) Agro earns income mainly from sugar production, iii) Property derives income mainly land and property development, iii) Hotels & Resorts derives income through the ownership and management of portfolio of hotels, iv) Financial services derive income mainly from banking, fiduciary products and portfolio management, v) Healthcare derives income through the running of healthcare facilities, and vi) CIEL - Holding Company derives income through dividend return from its investments. The majority of revenue is derived from the Textile segment from Mauritius, followed by Madagascar, Asia, South Africa, and others. | $0 | -- | $295M | $432M | 0.5x | 2.9x | ||
| ER Group Ltd operates across 7 strategic segments: Agribusiness, Real Estate, Hospitality & Travel, Logistics, Finance, Commerce & Manufacturing, and Technology & Energy. The company is focused on contributing meaningfully to the country’s progress, while expanding in mastered industries and sharing its expertise beyond its shores. | $0 | -- | $199M | $199M | — | — | ||
| Median | $0 | -- | $247M | $316M | 0.5x | 2.9x |
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