Kibo Capital Partners Exits Uganda-based International Medical Group (Sub-Saharan Africa)

Source: Kibo Capital Partners

Kibo Capital Partners, a fund manager focused on Eastern and Southern Africa and the islands of the Indian Ocean, has sold its 40 percent stake in Uganda-based healthcare company International Medical Group (IMG). Kibo sold its stake to Ciel Group, a Mauritius-based conglomerate, and Fortis, an India-based healthcare company. Kibo initially invested in IMG in 2012 through its first fund, Kibo Fund I. Financial details of the transaction were not disclosed.