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

Hear @CDunbar1 City Treasurer of @PhiladelphiaGov and @BurbridgeChuck Executive Director of @ctpf_tweets discuss th…

42% of the total number of LPs included in VC deals in Africa between 2014-2019 were headquartered in North America…

@Proparco co-invests US$22mn into Ethiopian FMCG platform, Turaco. Read more:

PE/VC fund managers, PE/VC investment firms and corporate venture firms accounted for 39%, 19% and 11% of investors…

@deginvest_DE suscribes to bond issued by #HeliosTowers. Read more: