Adenia Partners Receives Approval to Acquire Quick Mart
Posted On: 08 Sep 2019 | Source(s): Africa Capital Digest | Date: 8 September 2019
Africa-focused private equity fund manager Adenia Partners has been approved to acquire Kenya-based supermarket chain Quick Mart by the Competition Authority of Kenya. Investing through Adenia Fund IV, the firm previously acquired another Kenyan supermarket chain, Tumaini Self Service, in December 2018. Adenia plans to merge the operations of Quick Mart and Tumaini Self Service under the Quick Mart brand. Financial details of the transaction were not disclosed.