Investments
4Portfolio Exits
1Funds
2Latest Kibo Capital Partners News
Nov 10, 2021
10 Nov 2021 Kibo Capital Partners (“Kibo”) announced today that it has sold its interest in the Kenyan logistics and distribution company, General Cargo Group (“GCG”), to majority shareholder Velogic, the logistics arm of Rogers Group. The divestment marks the second exit of Kibo’s sophomore fund Kibo II. Kibo first backed GCG in 2016 when the company was a Mombasa-based clearing and transportation company. As a result of the investment and Kibo’s close partnership with Rogers Group, GCG transformed into a diversified logistics business with successful expansion into the technology and distribution services business. “We are pleased to have completed a successful exit of GCG. In close partnership with Rogers, we successfully expanded an already strong company, doubling EBITDA margins and scaling operations. We believe that under Rogers’ leadership, GCG will remain a leader and expand in a sector that is driving growth in East Africa”, Christoph Evard, Partner at Kibo, said. Financial details of the transaction were not disclosed.
Kibo Capital Partners Investments
4 Investments
Kibo Capital Partners has made 4 investments. Their latest investment was in International Medical Group Uganda as part of their Private Equity on September 9, 2020.
Kibo Capital Partners Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
9/2/2020 | Private Equity | International Medical Group Uganda | $6.5M | Yes | 1 | |
8/25/2020 | Unattributed | |||||
3/25/2019 | Private Equity | |||||
4/19/2016 | Growth Equity |
Date | 9/2/2020 | 8/25/2020 | 3/25/2019 | 4/19/2016 |
|---|---|---|---|---|
Round | Private Equity | Unattributed | Private Equity | Growth Equity |
Company | International Medical Group Uganda | |||
Amount | $6.5M | |||
New? | Yes | |||
Co-Investors | ||||
Sources | 1 |
Kibo Capital Partners Portfolio Exits
1 Portfolio Exit
Kibo Capital Partners has 1 portfolio exit. Their latest portfolio exit was General Cargo Services on November 10, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
11/10/2021 | Corporate Majority | 1 |
Date | 11/10/2021 |
|---|---|
Exit | Corporate Majority |
Companies | |
Valuation | |
Acquirer | |
Sources | 1 |
Kibo Capital Partners Fund History
2 Fund Histories
Kibo Capital Partners has 2 funds, including The Kibo Fund II LLC.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
1/18/2016 | The Kibo Fund II LLC | Expansions & Growth | Closed | $59M | 1 |
5/1/2008 | The Kibo Fund LLC |
Closing Date | 1/18/2016 | 5/1/2008 |
|---|---|---|
Fund | The Kibo Fund II LLC | The Kibo Fund LLC |
Fund Type | Expansions & Growth | |
Status | Closed | |
Amount | $59M | |
Sources | 1 |
Kibo Capital Partners Team
2 Team Members
Kibo Capital Partners has 2 team members, including current Chief Executive Officer, Jean Pierre Dalais.
Name | Work History | Title | Status |
|---|---|---|---|
Jean Pierre Dalais | Chief Executive Officer | Current | |
Thierry Hugnin | Managing Partner | Current |
Name | Jean Pierre Dalais | Thierry Hugnin |
|---|---|---|
Work History | ||
Title | Chief Executive Officer | Managing Partner |
Status | Current | Current |
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