Joint venture to develop US$111.46m industrial business park in Kenya

KENYA – Improvon, a South African industrial property developer has partnered with Actis, a private-equity investor to build a business centre around Kenya’s capital, Nairobi at an estimated investment of US$ 111.46 million (Sh11. 508 […]

Private equity firm Actis acquires stake in Denny Mushrooms owner Libstar

SOUTH AFRICA – Private equity firm Actis has acquired 37.02% stake in South Africa’s owner of the Denny Mushrooms brand Libstar Holdings held by Abraaj Private Equity Fund IV (APEF IV). Last month APEF IV, […]

Actis gets nod to acquire Abraaj’s interest in Java House, plans US$10m investment

KENYA – The Competition Authority of Kenya (CAK) has approved the proposed acquisition of indirect control of Java’s owner, Abraaj Holdings by UK-based private equity fund Actis, reports the Nation. The coffee chain, which is […]