- Centum Capital Partners in a statement disclosed that the company is in the last phase of discussions to acquire three Kenyan companies.
- The company proposes to invest to Sh5 billion over the next five years in diverse sectors of the economy.
Fred Murimi, Managing Partner of Centum Capital Partners in a statement disclosed that the company is in the last phase of discussions to acquire three Kenyan companies. The company proposes to invest to Sh5 billion over the next five years in diverse sectors of the economy. Centum Capital Partners is a wholly-owned and independently managed subsidiary of the Centum Group.
The Centum Group so far has significant stakes in sectors including financial services, fast-moving consumer goods (FMCG), manufacturing, energy, education, and technology. COVID 19 had hit several Kenyan companies in the travel, entertainment, energy, and financial sectors. These distressed companies will be attractive acquisition targets for Private equity (PE) funds.
Centum’s current private equity portfolio is about Sh9 billion, spread across East Africa and includes stakes in Longhorn Publishers, Isuzu East Africa, Nas Servair, and Sidian Bank. It exited recently from Almasi Beverages, UAP Insurance, and Kenya Wine Agencies Limited. Centum Investment Group that posted a net profit in 2020 recorded the first full-year loss in over 42 years, in the financial year ended March 2021.
