Kibo Capital exits International Medical Group

01 Jul 2015

July 1st 2015: Kibo Capital Partners, a manager of regional private equity funds, today announced the sale of its entire 40% stake in Uganda-based International Medical Group (IMG). Kibo sold its shareholding to a consortium consisting of the Ciel Group, a conglomerate in Mauritius with growing activities East Africa, and Fortis a healthcare operator from India

Since Kibo’s investment in 2012, IMG has made tremendous progress, expanding its healthcare service offerings while actively supporting important health initiatives in partnership with the Government of

“While this exit is earlier than we anticipated, we are pleased to have been a part of the remarkable development of International Medical Group”, Thierry Hugnin, Managing Partner of Kibo, said. Financial details of the transaction were not disclosed.

« Back to Member News

RT @Mkessome: ⁦@AVCA_Africa⁩ pre-Christmas Party drinks at The Alma Party enjoying mulled wine and politics #Bye2019 #Hello2020 https://t.c

RT @Mkessome: Secret Santa strikes again with Christmas-themed gifts ⁦@AVCA_Africa⁩ - Who bought the £4.99 toilet paper 😂🤣?

Last chance to register for @AVCA_Africa’s Institutional Investor Masterclass! Hear South Africa’s leading investme…

RT @BukiweKabi: The roundtable discussion on fundraising and exits in SA led by Angela Simpson, Corporate Partner at @webberwentzel is unde…

RT @SuperReturn: In the #frontiermarkets stream, we hear from Enitan Obasanjo-Adeleye of @AVCA_Africa as she analyses recent deals in front…