The Rise Fund (Mo Ibrahim, Richard Branson, Bono et al) invests in Uganda’s Pearl Dairy
The impact investment fund managed by TPG Growth closes its second transaction in the dairy produce sector.
28/11/2019 at 16h41, by Africa Business+
Pearl Dairy, better known under its LATO brand, employs almost 1,800 people in East Africa, including 1,200 in Uganda. It produces a range of dairy products including powdered and flavoured milk and sells to consumers in ten countries in Africa and Asia.
Recommended articles
Agri-food industry
11/04/2023 at 17h37, by Africa Business+
Dairy: Midland’s Anand Kapoor and Bhaskar Kotecha seek $35 million extension
After applying to the Dutch FMO, the duo behind the Ugandan conglomerate is turning to a bigger donor...
Private Equity
08/12/2022 at 19h09, by Africa Business+
Healthcare: TPG Capital strengthens and restructures African assets
Through its company, Evercare, the investment giant is looking to clean up its portfolio before equipping...
Health
24/10/2022 at 16h33, by Africa Business+
Avenue Group, affiliated to giant TPG, negotiates IFC financing
Owned by Evercare Health Fund, a vehicle managed by the US private equity behemoth, the Kenyan company...