Catalyst Principal Partners Invests in Logistics and Equipment Company EFFCO Tanzania (Sub-Saharan Africa)
Source: Catalyst Principal Partners
Private equity firm Catalyst Principal Partners has announced its acquisition of a majority stake in Tanzania-based heavy equipment rental and logistics company EFFCO Tanzania through a management-backed buyout. The investment will allow the company to scale up operations and expand the business in Tanzania and across East Africa. Financial details of the transaction were not disclosed.