Catalyst Principal Partners LLC has purchased a 50 percent stake in Yes Brands Food & Beverages PLC, Ethiopia, for an undisclosed amount.
Yes Brands makes bottled mineral water in Ethiopia. Catalyst plans to work with Yes Brands to increase the availability of its water in the region. Terms of the deal were not disclosed.
Catalyst, headquartered in Ebene, Mauritius, has recently invested in ChemiCotex Industries Ltd., a Tanzanian company that makes oral and personal care products, and Chair Bora Ltd., a Tanzanian tea packaging company. The private equity firm manages Catalyst Fund I LLC, a $125M fund that invests in eastern Africa, including Ethiopia, Kenya, Uganda, Tanzania, Rwanda, Zambia and Democratic Republic of Congo.
The fund focuses on investments in the consumer goods, retail, financial, business services, industrials, manufacturing, technology and telecommunications sectors. Investments range between $5 million and $20 million.
After clicking on a story, use the back arrow in your browser to return to your search results. Use phrases "in quotes" or the tools below to better filter your results.
