Ascent Capital Africa

Ascent Capital Africa, established in 2012, is a private equity firm headquartered in Mauritius with offices in Kenya, Ethiopia, and Uganda. The company specializes in investing in small and medium-sized enterprises across Eastern Africa, focusing on sectors such as agribusiness, consumer goods, healthcare, ICT, energy, and manufacturing. It typically invests between $2 million and $15 million, taking a controlling or majority stake, and aims to exit through public listing or sale to other investors within a 10-year period. Ascent Capital Africa targets enterprises with a proven track record and seeks to support their growth and expansion.

Guy Brennan

Partner

Lucas Kranck

Founding Partner

Richard Mugera

Country Director and Principal

David Owino

Partner

Florian Pape

Co-Founder and Chairman of Investment Committee

Michael Selassie

Associate Partner, Country Director and Principal

Past deals in Kenya

Kisumu Concrete Products

Venture Round in 2017
Kisumu Concrete Products LTD, established in 1978 and located in Kisumu, Kenya, specializes in the manufacture and supply of construction materials and concrete products. The company is the largest supplier of construction aggregates and a leading producer of concrete products in Western Kenya. Its diverse product range includes concrete blocks, paving blocks, roofing tiles, fence posts, culverts, and various precast items, as well as ballast and stone chips. Additionally, Kisumu Concrete Products engages in the mining and quarrying of pozzolana and provides excavation and backfill earthworks, catering to the needs of local and foreign road contractors, housing developers, and construction companies.
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