Exclusive: Zoscales, Ascent Capital Africa to strike joint PE deal in Ethiopia

By TEAM VCC

  • 26 Oct 2023
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(L-R): Ashenafi Alemu, co-founder, Zoscales; Owino David, managing partner, Ascent Africa

East Africa-focussed private equity firms Zoscales Partners and Ascent Capital Africa are in an advanced stage of discussions to ink a joint control deal for a consumer-oriented firm based in Ethiopia, VCCircle has gathered.  The proposed deal will see the two PE firms together acquire a majority stake in beverages company, ......

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