Private equity firm Catalyst Principal Partners has bought a stake in Mimosa Pharmacy, a retail drugs store chain, in the first local investment by the investor.
Catalyst said it made the investment jointly with Africa Chemist and Beauty Care (ACBC), a Mauritius-based pharmaceutical chain. The deal amount was not disclosed but a typical investment ranges between $5 million (Sh444 million) and $20 million (Sh1.78 billion). The private equity firm, however, said the stake is a mix of equity and debt.
Catalyst said its latest investment is meant to get it into the booming healthcare market, which has been rapidly expanding for more than a decade. Mimosa becomes the second pharmacy chain to get a private equity investment over the past 12 months.
Last September, Fanisi Capital bought a stake in local pharmacy retail chain Haltons for an undisclosed amount.
Expogroup is a full service exhibition organiser with over 30 years experience in International trade exhibitions. Our current portfolio includes 28 annual exhibitions from a diverse range of industries being held across the Middle East & Africa.
EXPOGROUP © 1996 - 2026 | Privacy policy
