Investment Summary

8 Miles Exits Awash Wine

On September 3, 2024, invested in beverage company Awash Wine from 8 Miles

Investment Highlights
  • This is transaction in the Beverages sector.
  • This is transaction in Ethiopia.

Investment Summary

Date 2024-09-03
Target Awash Wine
Sector Beverages
Sellers(s) 8 Miles
Deal Type Stake Sale

Target

Awash Wine

Addis Ababa, Ethiopia
Awash Wine produces and sells wines to hotels, restaurants, bars and supermarkets across Ethiopia. Awash Wine was founded in 1936 and is based in Addis Ababa, Ethiopia.

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Seller(S) 1

SELLER
DESCRIPTION

8 Miles is a private equity firm focused on investing in Africa. The Firm looks to invest in high-growth companies and generally seeks to commit $15 to $45 million per transaction. Sectors of interest include agriculture, business services, financial services, consumer products, retail, energy, utilities, healthcare, leisure, real estate, telecom, media, technology, and logistics. 8 Miles was formed in 2008 and is based in London.


DEAL STATS #
Overall 5 of 5
Sector: Beverages M&A 1 of 1
Type: Stake Sale M&A Deals 3 of 3
Country: Ethiopia M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 Biyinzika Poultry International

Bugolobi, Uganda

Biyinzika Poultry International specialised in the production and sale of poultry Day-Old Chicks ('DOC') and specialised poultry feed. Biyinzika Poultry International was founded in 1990 and is based in Bugolobi, Uganda.

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