London, UK: 8 Miles LLP, the pan-African Private Equity firm, announces that it has exited its minority stake in Eagle Chemicals to a consortium consisting of Ezdehar and FMO. Eagle Chemicals is the leading producer of resin and polymer products in Egypt and the market leader in Africa. The financial details of the transaction have not been disclosed.
8 Miles LLP has announced the sale of its entire stake in Orient Bank Limited (OBL), a commercial bank based in Uganda, to I&M Holdings PLC.
8 Miles LLP became a signatory to the United Nations Principles for Responsible Investment (UN-PRI).
8 Miles LLP awarded Mid-Cap Deal of the Year (2016) at Private Equity Africa Awards for its investment in Beloxxi Industries Limited.
Four of 8 Miles LLP investments profiled in the inaugural publication of London Stock Exchange 'Companies to Inspire Africa', launched in partnership with PwC, CDC and AfDB.
8 Miles LLP announces an investment in Blue Skies Holdings, market leader in the production of fresh-cut tropical fruit for UK and European supermarkets.
The Norwegian Investment Fund for Developing Countries (Norfund) announced an investment of USD7.4 million in 8 Miles’ portfolio company Verde Beef Processing PLC.
8 Miles LLP announces an investment in Beloxxi Industries Limited, a leading Nigerian biscuit manufacturing company.
8 Miles LLP received a special recognition award for its investment in Orient Bank, as a frontier deal in Uganda, at the annual Private Equity Africa Awards.