Coast2Coast further offloads 11.5% stake in Ascendis Health

Coast2Coast further offloads 11.5% stake in Ascendis Health

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SOUTH AFRICA – Ascendis Health’s private-equity backer, Coast2Coast, has sold an additional 11.5% stake in the healthcare company effectively reducing its stake in Ascendis to just 14%. Coast2Coast through its subsidiary Gane Holdings, owned 25.5% of Ascendis in December 2018, and a…

CDG Capital invests in Moroccan pharmaceuticals business Steripharma

CDG Capital invests in Moroccan pharmaceuticals business Steripharma

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MOROCCO – CDG Capital Private Equity has announced an investment in Laboratoires Steripharma, a Moroccan pharmaceutical laboratory that manufactures generic medicines. According to the terms of the transaction, CDG has acquired a stake in the Company from several minority shareholders. Steripharma was…

Syntaxis launch US$33m equity fund to bridge financing gap for SMEs in Africa

Syntaxis launch US$33m equity fund to bridge financing gap for SMEs in Africa

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NIGERIA – Syntaxis Capital Africa, an independent fund manager for Sub-Saharan Africa has launched US$33.19 million private equity fund to bring financing to Small and Medium Enterprises (SMEs)in Nigeria and other selected African countries. The main goal of the funding is to…

VestedWorld invests in Rwandan health startup Kasha for Kenya debut

VestedWorld invests in Rwandan health startup Kasha for Kenya debut

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RWANDA – VestedWorld, an early-stage investor in businesses based in emerging markets has invested into Rwanda’s ecommerce startup specialized in women health and personal care products as it plans to enter Kenya. The transaction whose details remains undisclosed, will also enable the…

German based Brenntag Holding gets nod to acquire Kenyan firm Desbro

German based Brenntag Holding gets nod to acquire Kenyan firm Desbro

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KENYA – The Competition Authority of Kenya (CAK) has approved acquisition of Kenyan chemical distributor Desbro Limited by Brenntag Holding B.V., a subsidiary of Germany-based chemical distributor Brenntag Group, reports Business Daily. CAK approved the acquisition on condition that Brenntag retains 80…