Vantage Capital seals exit from Kadio-Morokro’s Petro Ivoire
The founding family of the oil and gas distributor has repaid the South African mezzanine debt specialist.
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▪ Vantage Capital seals exit from Kadio-Morokro’s Petro Ivoire
▪ The founding family of the oil and gas distributor has repaid the South African mezzanine debt specialist.
▪ https://www.africabusinessplus.com/en/814457/vantage-capital-seals-exit-from-kadio-morokros-petro-ivoire/
As anticipated by Africa Business+ last September, Petro Ivoire – one of the country’s leading oil and gas distributors – has completed its financing deal with the private equity firm Vantage Capital, which closed its exit last December. The number one mezzanine debt provider in Africa had advanced €19 million to the Kadio-Morokro company at the end of 2018 to enable them to take over a majority stake from Amethis – which retained a minority interest until 2022 – and PCM Capital Partners.
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