BluePeak Private Capital invests $20m in logistics group
BluePeak Private Capital invests $20m in logistics group
BluePeak Private Capital has announced a $20 million hybrid loan to East and Central African logistics group, Prime Logistics.
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BluePeak Private Capital has announced a $20 million hybrid loan to East and Central African logistics group, Prime Logistics.
Prime’s services include freight, customs clearance, warehousing, inland terminals, overland transport, and supply chain management.
Rami Matar, senior partner at BluePeak said, ”Our diversification into logistics is testament to the flexibility and ambition of an investment approach prioritising sustainable growth of resilient businesses. Partnering with Prime will build on the company’s existing ESG track record, advance the logistics sector, and accelerate the journey to a more sustainable future.”
Asif Abdulla, executive chairman at Prime Logistics added, ”The investment from BluePeak comes at a crucial time as increasing trade flows between East and Central Africa, the Middle East and the rest of the world supports demand for reliable logistics services. The structure of the funding aligns with our commitment to advance economic growth while unlocking sustainable development.”
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