Kibo Capital Partners (KCP) today announced an investment in Blowplast Limited (Blowplast), a leading producer of plastics packaging solutions in Kenya. The capital invested in the company will support Blowplast’s expansion in East Africa and beyond. The investment was done through the Kibo Fund II.
‘Our partnership with Kibo Capital will support our growth strategy and ability to increase capacity and product offerings in Kenya and other growth markets’ Sanjay Brahmbhatt, Managing Director of Blowpast, said.
Financial details of the transaction were not disclosed.
Blowplast Limited is one of East Africa’s leading producers of plastic packaging solutions. It serves a wide variety of industries both in the Kenyan as well as the wider East African markets. Products include value-added food grade packaging items and other specialized solutions.
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About Kibo Capital Partners
Kibo Capital Partners is the manager of the Kibo Funds I and II, private equity funds that invest across Eastern and Southern Africa and the islands of the Indian Ocean since 2008. From its offices in Nairobi and Mauritius, KCP partners with established and well-regarded companies to create sustainable long-term value. Combined funds under management of over US$100mn.