Catalyst Buys Chai Bora from TransCentury (Sub-Saharan Africa)
Source: Private Equity Africa
East Africa-focused private equity firm Catalyst Principal Partners has acquired a 95 percent stake in Tanzanian packaged tea producer Chai Bora from Kenya-based investment holding company TransCentury. Catalyst invested in the company through Catalyst Fund I, its US$125 million focused private equity fund. Financial details of the transaction were not disclosed.