Catalyst’s investors include development finance institutions, wealthy families and institutions seeking alternative investments outside the mainstream bond and stock markets.
The firm has acquired significant stakes in Kenya’s Jamii Bora Bank, Goodlife Pharmacy, Tanzania’s Zenufa Pharmaceuticals, Effco and Chai Bora.
Nairobi-based private equity firm Catalyst Principal Partners has raised $103 million (Sh10.5 billion) from investors as it eyes more acquisitions of medium-sized companies in the region.
Catalyst plans to net a total of Sh18 billion by the end of the year in the new fundraising.
The PE fund’s first capital of $123 million (Sh12.6 billion) is already fully invested in nine companies in the region.
Catalyst’s investors include development finance institutions, wealthy families and institutions seeking alternative investments outside the mainstream bond and stock markets.
“Catalyst has demonstrated ability to source proprietary deals and actively manage its investments, and has built a diversified regional portfolio of leading products and brands,” the PE fund’s chief executive Paul Kavuma said in a statement.
The firm has acquired significant stakes in Kenya’s Jamii Bora Bank, Goodlife Pharmacy, Tanzania’s Zenufa Pharmaceuticals, Effco (heavy equipment leasing) and Chai Bora (food and beverage).
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