PE firm Tana Africa Capital takes minority stake in alcoholic beverages firm Kensington Distillers & Vintners

MAURITIUS – Tana Africa Capital, a leading Pan-African private equity firm has, announced its latest investment through its second fund Tana Africa Capital II into Kensington Distillers & Vintners, a fast-growing alcoholic beverage manufacturing and distribution business with operations in South Africa, Kenya and Nigeria. The investment was made directly into KDV Holding that owns majority stakes in Truman & Orange South Africa, Monument Distillers East Africa and Monument Distillers Nigeria. Since its founding in 2014 KDV, has established a fast-growing portfolio of wine and spirits brands including local manufacturing…

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AB InBev to invest US$400m in Nigerian unit expansion programme

NIGERIA – World’s largest beer maker, Anheuser-Busch InBev (AB InBev) has said it expects its total investment in the newly built Sagamu Brewery in Nigeria to hit US$400 million. Speaking during a media briefing in South Africa, the company’s chief executive officer, Carlos Brito, said that the investment is expected to improve the firm’s performance in the Nigerian market. He said that the US$250 million brewery has already started operation and capacity will be expanded in phases, but however did not provide a timeline for the next phase. “Nigeria is…

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Kensington Distillers & Vintners acquires Nigeria’s 1960 Rootz from AB InBev

NIGERIA – Kensington Distillers and Vintners Limited (KDV), London-based beverage producer, has acquired the 1960 Rootz brand in form Monument Distillers Nigeria Limited owned by AB InBev. The acquisition includes the state-of-the-art manufacturing plant used to produce 1960 Rootz, which according to KDV will soon be moved from AB InBev’s Port Harcourt production facility to Lagos where Kensington’s offices are based. KDV which produces international brands Bannerman’s Finest Scotch Whiskey, Grace du Roi Fine Wine and Mazzatti Italian Beer, Kensington Distillers & Vintners said the transaction will also see the…

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