Investment Summary

8 Miles Invests In Awash Wine

On July 1, 2013, private equity firm 8 Miles invested in beverage company Awash Wine

Investment Highlights
  • This is 8 Miles’ 1st transaction in the Beverages sector.
  • This is 8 Miles’ 2nd transaction in Ethiopia.
Investment Fate
  • Awash Wine was sold to a financial buyer in 2024.

Investment Summary

Date 2013-07-01
Target Awash Wine
Sector Beverages
Investor(s) 8 Miles
Deal Type Stake Purchase

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.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 1

Investor
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 2 of 8
Sector: Beverages M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 6
Country: Ethiopia M&A 2 of 3
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-03 eleni

Addis Ababa, Ethiopia

eleni designs, builds and deploys turn-key commodity exchanges in Africa, including the ancillary supporting infrastructure. eleni is based in Addis Ababa, Ethiopia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-17 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.

Buy -