Fanisi Capital merges with Ascent Capital to raise funds for expansion in East Africa

EAST AFRICA – Fanisi Capital, a fund which makes direct investments and Ascent Capital, a growth capital provider, are set to merge and raise funds for bigger deals in the region. The two say consolidating […]

Diageo’s United Spirits plans merger with its Indian subsidiary Pioneer Distilleries

INDIA – United Spirits Limited, the Indian unit of the global liquor company Diageo, has proposed a merger with its majority owned and listed subsidiary Poineer Distillers Limited, reports India Times. According to United Spirits, […]

Competition Tribunal approves Clover’s acquisition by Milco SA

SOUTH AFRICA – South Africa’s Competition Tribunal has approved the US$343.95m (R4.8bn) takeover of South Africa’s branded foods and beverages group Clover Industries Limited by Milco SA. The consortium Milco SA led by Tel Aviv-based […]