The Abraaj Group Invests in South Africa-based Food and Personal Care Manufacturer Liberty Star Consumer Holdings (Sub-Saharan Africa)
Source: The Abraaj Group
Global growth markets investor The Abraaj Group has acquired a majority stake in South Africa-based food and personal care manufacturer Liberty Star Consumer Holdings (Libstar) from existing shareholders including Metier, Old Mutual Private Equity, Development Partners International and Lereko. Libstar manufactures a broad range of products for the South African food, fast-casual dining, household and personal care markets. Financial details of the transaction were not disclosed.