our portfolio
Current investments
Exited investments
Red Lands Roses

Established in 1996, Red Lands Roses (Red Lands) is a leading grower of premium fresh-cut roses in Kenya. The company’s flowers are cultivated utilizing a 100% hydroponic system with 100% water recycling, a sophisticated Integrated Pest Management (IPM) and is powered by green energy. Red Lands’ fresh-cut roses have fuller heads, longer stems, and a longer vase life which not only provides value for its targeted premium florist market, but also ensures an overall lower carbon emissions profile. The company sells exclusively to wholesalers, predominantly serving markets in Russia and Western and Central Europe.

Sector: Agribusiness

Location: Kenya

Investment date: 2021

Deal type: Buyout

Africa Biosystems Limited (ABL)

Established in 1999, Africa Biosystems Limited (ABL) is a distributor of state-of-the-art life sciences equipment and consumables for Eastern African markets. The Company’s instruments are used to conduct research and diagnosis across the animal, human and crop sectors with product applications that span molecular, cell and protein biology and DNA forensics. ABL’s customers fall into various end markets including government and non-governmental organizations, academic institutions, and the private sector.

Sector: Healthcare

Location: Kenya

Investment date: 2021

Deal type: Buyout

Quick Mart

Incorporated in 2006, Quick Mart operates a chain of supermarkets in Kenya. The company operates stores that are located in neighbourhood estates in Nairobi suburbs and in Nakuru. Its stores offer an affordable product offering at convenient locations that complement customers’ busy lifestyles. Quick Mart plans to further expand in Kenya and to merge with Tumaini, making the merged entity the 3rd largest retailer in Kenya by store network (25 stores as of Oct. 2019). The merged entity will become a leading fresh foods and general supermarket retailer.

Sector: Retail

Location: Kenya

Investment date: 2019

Deal type: Buyout


Tumaini is a Kenyan retail supermarket chain founded in 2006. The company operates stores that are located in densely-populated middle-to-lower-income neighbourhoods in Nairobi suburbs and in Kisumu city. Its stores offer an affordable product offering at convenient locations that complement customers’ busy lifestyles. Tumaini plans to further expand in Kenya and to merge with Quick Mart, making the merged entity the 3rd largest retailer in Kenya by store network (25 stores as of Oct. 2019). The merged entity will become a leading fresh foods and general supermarket retailer.

Sector: Retail

Location: Kenya

Investment date: 2018

Deal type: Buyout

Kanu Equipment

Kanu Equipment is a pan-African distributor of earthmoving, mining, agriculture and construction heavy equipment. As one of the largest dealers for Liebherr and Bell Equipment in East, West and Southern Africa, Kanu has spare parts distribution centres across the continent.

Sector: Heavy equipment

Location: Pan African

Investment date: March 2018

Deal type: Growth capital


CIEL Ltd is a company listed on the Official Market of the Stock Exchange of Mauritius (SEM). It is the parent holding company of the CIEL group of companies, one of the leading industrial and investment groups based in Mauritius with operations in a number of African and Asian countries. CIEL employs c. 22,000 people in five businesses:


  • Agro-Industry and Property, including in particular the Alteo group, active in the sugar industry in Mauritius and Tanzania
  • Textile, with the Ciel Textile group, deployed across Mauritius, Madagascar, India and Bangladesh
  • Hotels & Resorts, consisting of the hospitality chains Sun Resort Ltd, Anahita The Resort and Constance Hotels Services Ltd based in in Madagascar, Maldives, Mauritius and Seychelles
  • Financial services, comprising bank and financial & management services companies in Madagascar and Mauritius
  • Healthcare, with a private clinic in Mauritius.


Sector: Diversified Holding
Location: Africa and Asia
Investment date: 2013
Deal type: Buyout


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