PE firm CapitalSworks makes offer to acquire Peregrine Holdings

SOUTH AFRICA – Private equity firm, Capitalworks has made an offer to acquire and delist Peregrine Holdings, a South African wealth and alternative investment company. Peregrine Holdings has stakes in several business including Citadel Holdings, Peregrine Capital and Java Capital. Capitalworks operates on an independent basis and has about US$1 billion of private equity funds under its management from international and domestic investors, including institutional investors, commercial banks, insurance companies, pension funds, family offices and high-net-worth individuals. It invests in a diversified range of equity investments in mid-market companies operating…

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Africa Capitalworks invests in West African beverages company

AFRICA – Africa Capitalworks Management, a Sub-Saharan Africa-focused private equity investment company, has announced the acquisition of a significant minority equity shareholding in Gaselia Industries Group, one of the largest homegrown beverages groups in West Africa. Founded in 2002 by local entrepreneurs and headquartered in Bamako, Mali, Gaselia has three bottling production and distribution operations, located in Mali, Ivory Coast and Guinea-Conakry. It is one of the leading producers in each of its markets and categories and has an ambitious growth plan. Gaselia is the exclusive partner of Monarch Beverages…

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