Piex is preparing its arrival in Kenya under the watchful eye of LBO France
Following an acquisition in France, the French distributor of health and beauty products is negotiating a new takeover deal Kenya. But the firm, which has been majority owned by LBO France and other funds since 2018, is not ruling out an increase in equity.
05/11/2019 at 16h33, by Africa Business+
The pharmaceuticals distributor is based in Les Ulis, in the southern outskirts of Paris, and achieves the lion’s share (95%) of its sales in Africa. According to information obtained by Jeune Afrique Business+, it is now preparing an acquisition in Kenya. The transaction – the takeover of a large local pharmaceutical distributor – is currently at the due diligence stage. However, “several months’ work are still needed before the deal can be completed,” an internal source explained, adding that “the transaction will significantly increase the company’s size and workforce.”