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(Ecofin Agency) – Private equity firm Tana Africa Capital, active in about 20 countries in Africa, announced it has acquired a minority stake in London-based brewer Kensington Distillers & Vintners (KDV) through Tana Africa Capital II (TAC II).
The resources will enable the brewing company active in South Africa, Kenya, and Nigeria to further expand and enter new African markets. “Our investment in KDV will allow the company to accelerate the growth of their business in the core markets of South Africa, Nigeria and Kenya, potentially including future M&A. We are excited to partner with a very strong founding and management team to build this pan-African platform,” said Pieter Cilliers, Director at Tana.
The deal comes almost a month after the company invested in the Egyptian firm Mabaret, which operates two hospitals and a laboratory in Alexandria. In Africa, Tana has invested in many sectors from consumer goods and food to retail and healthcare. The investment firm, which has more than $400 million in assets under management, manages its activities on the continent from its offices in South Africa and Côte d’Ivoire.
Chamberline Moko
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