Verdant Capital has advised Kibo Capital Partners on the sale of its stake in Kenyan logistics company, General Cargo Group
Kibo Capital Partners (“Kibo“) has sold its stake in the Kenyan logistics company General Cargo Group (“GCG“) to Velogic, the logistics arm of the Mauritian-based Rogers Group. Verdant Capital is pleased to have advised Kibo on this transaction.
Kibo, which is focused on small and medium-sized enterprises in Sub-Saharan Africa and the Indian Ocean countries, has around $100 million in assets under management. It has backed 17 companies across nine countries.
Verdant Capital is active in East African advisory and was ranked 3rd by DealMakers Africa for East African M&A in 2020. 2021 is also a strong year with four transactions in the region completed year-to-date and several other transactions in the region in progress.