PE firm Cepheus nears close for $100m Ethiopia fund

Cepheus Growth Capital Partners has revealed it is finalising the fundraising for its first $100 million fund.

Cepheus is a private equity firm that invests in Ethiopia’s most promising businesses and entrepreneurs. The fund will deploy capital to the manufacturing, agro-processing and services sectors.

The firm recently announced an investment into East African Lion Brands Manufacturing Share Company (Lion Brands), one of Ethiopia’s leading domestic manufacturers of fast-moving consumer goods (FMCG) products in the home care, personal care and food segments. With this investment, Cepheus Capital will hold a significant minority ownership stake and provide strategic, managerial, and operational support to Lion Brands.

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