Mauritius: Mauritian financial giants acquire Ivorian company

Port Louis, Mauritius (PANA) - The MCB Equity Fund, a large Mauritian financial services conglomerate, along with the Duet Private Equity Group, a private equity and venture capital firm specializing in investments in real estate and infrastructure, have acquired Société Africaine des Produits Laitiers (SAPLED) in Cote d'Ivoire.

In a communiqué issued here Thursday, MCB Equity Fund, which is managed by Mauritius-based MCB Capital Partners, said the fund will provide expansion and buy-out capital to businesses with high growth potential in multiple sectors, primarily in Africa.

SAPLED is one of the largest dairy and fruit juice processing companies in Cote d'Ivoire.

Founded over 25 years ago, the Abidjan-based company has built a portfolio of products and brands that are highly popular in Cote d'Ivoire and neighbouring countries, according to the communique.

It said that the company is well positioned for rapid growth driven by an emerging middleclass population with growing purchasing power and a strong appetite for consumer products.

Rony Lam, CEO of MCB Capital Markets, said the investment is in line with MCB Capital Markets’ strategy to further consolidate its presence in Africa.

“It reflects our commitment to support strong African companies," he said.
-0- PANA NA/VAO 31Dec2015

31 december 2015 13:27:16

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