Liberty Star Consumer Holdings News

Private equity firm Abraaj's $990M Africa fund had more demand

Private equity firm Abraaj's $990M Africa fund had more demand

The Abraaj Group, an emerging-market private equity investor, had “substantially higher” demand for its third Sub-Saharan Africa fund than the $990 million actually raised, partner Mustafa Abdel-Wadood said.

The Abraaj Group

The Abraaj Group buys majority stake in leading South African FMCG manufacturer, Liberty Star Consumer Holdings

The Abraaj Group (‘Abraaj’ or ‘The Group’), a leading investor operating in global growth markets, today announced the acquisition, through its Funds, of a majority stake in Liberty Star Consumer Holdings (‘Libstar’ or ‘the Company’), one of the largest unlisted food and personal care manufacturers in South Africa.