British private equity (PE) fund Actis and its joint venture partner, Shapoorji Pallonji Kenya, have agreed to sell property developer Mi Vida Homes to a consortium of local investors led by the company’s management, marking their exit from the investment after seven years.
Mi Vida chief executive officer Samuel Kariuki told the Business Daily that the consortium is buying out the entire share capital of Mi Vida’s holding company, which was formed as a joint venture between Actis and Shapoorji Pallonji Kenya in 2018.
