Helios exits GBfoods Africa on a high
After four years of investment in the food distributor, the capital investor has posted a solid performance.
22/09/2021 at 16h54, by Africa Business+
Helios Investment Partners made a successful exit by selling 49% of its shares in GBfoods SA to its co-shareholder GBfoods. According to Jeune Afrique Business+ sources, since establishing the joint venture in 2017, Helios has achieved an annual return of nearly 20% per year on a cumulative investment of $150 million.
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