Old Mutual unit hires Goldman to advise on Lekela Power bid

A unit of Old Mutual hired Goldman Sachs Group to help it acquire Africa-focused renewable-energy firm Lekela Power, according to people familiar with the matter. Buyout firm Actis has drawn broad interest for its 60% stake in Lekela, including bidders from China and the Middle East, said the people who asked not to be identified because the matter is still private. Old Mutual is bidding for Lekela through its African Infrastructure Investment Managers unit, they said.