Ascent announces final close of Ascent Rift Valley Fund II
PORT LOUIS, MAURITIUS, September 8, 2022—Private-equity fund manager Ascent today announced the final close of its Ascent Rift Valley Fund II (ARVF II) at more than USD 128 million, exceeding its initial target of USD 120 million. The first close of ARVF II was in December 2020. ARVF II is a ten-year private equity fund managed by Ascent Capital Management Africa II Ltd and is domiciled in Mauritius. ARVF II, assisted by the manager and its advisory offices in Ethiopia, Uganda and Kenya will invest…
Acquisition of a majority equity stake in Diani Beach Hospital in Kenya alongside Ascent Rift Valley Fund II – under the FISEA+ initiative
The investment will continue Diani Beach Hospital’s growth, thus improving healthcare provision for hundreds of thousands of Kenyans living in an underserved part of the country DIANI BEACH, KENYA – Proparco, France’s development finance institution and Ascent Rift Valley Fund II, a leading East African private equity fund are pleased to announce the acquisition of a majority equity stake in Diani Beach Hospital Limited (“DBH”), the leading healthcare provider on Kenya’s South Coast. On Proparco’s side, the investment is made under the FISEA+ initiative, a…
Press release: Acquisition of a significant equity stake of Valley Hospital Limited
NAKURU – Ascent Rift Valley Fund II LP, a leading East African private equity firm is pleased to announce the acquisition of a significant equity stake of Valley Hospital Limited (“Valley Hospital”) located in Nakuru Town in Nakuru County, Kenya. Founded in 1996, Valley Hospital was one of the first private for-profit hospitals in Nakuru Town and a pioneer in offering quality and affordable medical services to the residents of Nakuru. With 75 beds and accredited by all players in the insurance industry, Valley Hospital…
Press release: Ascent announces first close of Ascent Rift Valley Fund II
PORT LOUIS, MAURITIUS 18th MAY 2021—African private equity fund manager Ascent today announced the first rolling close of its Ascent Rift Valley Fund II (ARVF II) at more than USD 100 million, significantly exceeding its initial target of USD 80 million. The final close of ARVF II, with a target of USD 120 million, is expected in December 2021. ARVF II will invest equity in leading small and medium-sized enterprises (SMEs) in Eastern Africa, looking to take large minority or majority stakes. The fund will provide funding to scalable SME businesses,…
ABOUT ASCENT
