Published: March 6, 2014
Kenyan private-equity firm backs buy-out of EFFCO in fourth deal from east Africa fund.
Catalyst Principal Partners, a Kenyan private-equity house, has backed a management buy-out of EFFCO, a construction-equipment rental and logistics company in Tanzania.
EFFCO, set up in 2010, works with blue-chip clients in the industrial, construction, mining and oil and gas industries.
The deal is Catalyst’s fourth in East Africa since raising a US$125mn fund for the region. Its other acquisitions have been ChemiCotex, a Tanzanian personal and oral care manufacturer; tea-packaging firm Chai Bora, also based in Tanzania; and Yes Brands, a mineral water bottling company in Ethiopia.