Alterra Capital Partners invests in East African travel group
Alterra Capital Partners has made an investment in ARP Africa Travel Group.
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Alterra Capital Partners has made an investment in ARP Africa Travel Group, partnering with the founding family to accelerate expansion across East Africa and beyond.
ARP Africa, which includes Pollman’s Tours and Safaris Limited (Kenya), Ranger Safaris (Tanzania), and ARP Africa Travel (United Kingdom), is a provider of destination management services in East Africa. Established in Tanzania in 1978, the company works with global travel agent partners in fifty countries across five continents, arranging travel experiences for global visitors to East Africa.
Genevieve Sangudi, partner at Alterra, commented: “ARP Africa is an excellent business with a strong market position, high performing management team and exceptional growth prospects. We are excited to partner with the founding family, represented by Taqi and Zaheer Moledina, to support ARP’s growth, create high-quality jobs, and contribute to conservation in East Africa.”
Taqi Moledina, CEO of ARP Africa, said: “We are excited to join forces with Alterra as we embark on the next phase of ARP’s growth. Alterra’s proven track record in scaling businesses across Africa makes them the ideal partner. We look forward to unlocking new opportunities and driving the future of African tourism together.”
Closing of the deal remains subject to the satisfaction of standard regulatory conditions. Financial details of the transaction were not disclosed.
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