Kibo Capital Partners, a provider of growth capital in East Africa, Southern Africa and the Indian Ocean islands, today announced the second close of its Kibo Fund II. The total fund size increased to about US$58 million with investors including Nile Holding Company for Development and Investment, an Egyptian investment company.
Kibo Fund II targets growth-oriented SME- and middle market companies seeking equity investments of US$4-10 million across a number of industries, including financial services, healthcare, education, FMCG and light manufacturing.
The fund is managed by Kibo Capital Partners, a private equity firm with offices in Mauritius and Kenya. Source: AVCA