South Africa: Kagiso Asset Management invests in Actis portfolio company
South African consumer packaged goods company Libstar earlier this month notified its shareholders that Kagiso Asset Management has, in aggregate, acquired an interest in the ordinary share capital of Libstar, such that the total shareholding held by Kagiso now amounts to 10.12%.
Private equity firm Actis last year added Libstar to its portfolio when it assumed the management rights of Abraaj Private Equity Fund IV and Abraaj Africa Fund III.
Based in Cape Town, Kagiso manages funds across the risk spectrum for institutional and private investors.
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