DealMakers AFRICA
UAC of Nigeria has agreed to acquire Chivita | Hollandia (CHI Limited) from The Coca-Cola Company for an undisclosed sum. CHI Limited is a leading food and beverage player in Nigeria, with a portfolio across value-added dairy products, juices, nectars, still drinks, and snacks. Coca-Cola acquired an initial 40% stake in 2016 and acquired full control in 2019.
Leapfrog Investments has announced its full exit from East Africa pharmacy platform, Goodlife Pharmacy. Following the sale of a minority stake to CFAO Healthcare in 2022, CFAO has now acquired the remaining stake. No financial terms were disclosed. CFAO is a leading distributor of pharmaceutical and medical products in Africa.
Yield Fund Uganda, managed by Pearl Capital Partners announced its successful exit from Uganda’s Clarke Farm, an agribusiness in the coffee sector.
Admaius Capital Partners has acquired a minority stake in Triquera, which owns a 79.59% stake in Egyptian drugmaker Minapharm. The transaction was executed through a capital increase in Triquera and aims to accelerate Minapharm’s growth strategy, particularly in complex biologics and regional biotech leadership.
DealMakers AFRICA is the continent’s quarterly M&A publication
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