Private equity house Abraaj buys majority stake in Nigerian mattress manufacturer Mouka

Mustafa Abdel-Wadood, a Partner at Abraaj, continues to see investment potential in Africa’s largest economy Nigeria. Christopher Pike/The National

The Abraaj Group has acquired a majority stake in Mouka, a mattress manufacturer in Nigeria, as part of its plans to expand in Africa.

The Dubai-based private equity firm paid an undisclosed sum to the Moukarim family that founded Mouka, shareholders and the UK-based private equity firm Actis.

“We continue to see significant upside potential across the country in tandem with the fast growth of its population and the expansion of its middle class,” said Mustafa Abdel-Wadood, a partner at Abraaj.

This year Abraaj invested in BRN Sleep Products, a Turkish mattress manufacturer, exporter and retailer.

Read more: Abraaj buys majority stake in Nigerian mattress manufacturer Mouka | The National

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