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, […]

South Africa’s Libstar launches par-baking facility to expand convenience foods

SOUTH AFRICA – Libstar, one of the leading producer of consumer packaged goods (CPG) in South Africa has launched an additional par-baking facility at its bakery division, Amaro Foods, to expand production capacity. The company […]

South Africa’s Libstar banks on new food products as revenues surge

SOUTH AFRICA – Libstar, a South African consumer goods manufacturer and distributor, recorded a 12.5% increase in revenues US$684.34 million during its 2018 financial year which the company attributed to the increased innovation during the […]