Listed Date April 30, 2014 04:34 AM Viewed:15645

Haltons Pharma Limited

 

Average Rating: 4 (1 voted)
  
0 Review(s)
Viewed: 15645
Listed Date: April 30, 2014 04:34 AM
 
Share with: Google   Digg    Delicious   Reddit   Facebook   MySpace   Twitter
 
Description  
 

Fund acquires stake in Kenyan pharmacy chain.

Haltons Ltd A Luxembourg-based Venture Capital Fund has augmented its interests in the pharmaceutical sector by making its second investment this year in the sector  

Fanisi Capital Limited which manages Fanisi Venture Capital Fund, a $50 million fund investing in the East African region, has announced its acquisition of a significant stake in retail pharmacy chain Haltons Limited for up to $3 million (Ksh255 Million).

Haltons operates four retail outlets within Nairobi and has plans to expand its portfolio to over 100 outlets in key towns in Kenya including Mombasa, Nakuru, Nyeri, Eldoret and Kisumu over the next two years.

Fanisi Capital Managing Partner Ayisi Makatiani said the investment will give Haltons scale to expand its business. “The partnership with Fanisi will provide the impetus needed to take Haltons through this growth path, establishing itself as a strong chain of branded pharmacies.

“This is expected to make a positive contribution to the immediate community in the areas of health and economic development,” he said.

Haltons Chief Executive Officer Louis Machogu said the deal with Fanisi was the beginning of a concerted drive to reposition the Haltons brand.

He said:  “Haltons plans to differentiate itself as a strong brand that will meet both the customer service needs in terms of availability of products and quality service while maintaining competitive pricing. We focus on quality products and maintaining customer loyalty.”

Makatiani hailed the deal, citing the entrepreneurial spirit at Haltons as a defining trait of the business. ”We are supporting a zealous and passionate entrepreneur by helping transform their business.”

This acquisition by Fanisi, the second in the pharmaceutical industry after it bought a stake in Sophar Limited, a Rwanda-based pharmaceutical wholesaler earlier this year, will see the Fund deepen its participation in the regional healthcare sector.

“Fanisi has made strides in the healthcare sector with its first investment in Rwanda. This being our second investment in the pharmaceutical space, Fanisi has secured a good combination in the retail and pharmaceuticals space,” explained Makatiani.

“Fanisi has made strides in the healthcare sector with its first investment in Rwanda. This being our second investment in the pharmaceutical space, Fanisi has secured a good combination in the retail and pharmaceuticals space.”

Fanisi Venture Capital Fund is a venture capital fund established in Luxembourg to work with competitive and sustainable East African businesses, whose ambitions are to grow and run their operations to global best practice standards

 

Write a review   
Print   
 
 

x

Tell Your Friend

Your Friend's Email : 
Your Email : 
 

x

Contact Owner

Your Email : 
Your Message : 
 



Haltons Pharma Limited4out of 5based on 1 ratings.5 user reviews.