PE Firms Acquire Tanzania's Chemi & Cotex

A group of private equity investors, including Direct Principal Investments, a division Britain's HSBC Plc, have acquired a majority interest in Tanzania's Chemi & Cotex Industries, Reuters reported. Satya Capital and Kenya-based Catalyst Principal Partners are part of the investor consortium. Financial terms of the deal were not released. Chemi & Cotex manufactures toothpaste, cosmetics and food products.

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