Stake Purchase • Retail

LeapFrog Investments Invests In Goodlife Pharmacy

On November 23, 2016, growth capital firm LeapFrog Investments invested in retailer Goodlife Pharmacy from Catalyst Principal Partners for 22M USD

Investment Context
  • This is LeapFrog Investments’ 1st transaction in the Retail sector.
  • This is LeapFrog Investments’ largest (disclosed) transaction.
  • This is LeapFrog Investments’ 3rd transaction in Kenya.

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Investment Summary

Date November 23, 2016
Target Goodlife Pharmacy
Sector Retail
Investor(s) LeapFrog Investments
Sellers(s) Catalyst Principal Partners
Deal Type Stake Purchase
Deal Value 22M USD

Target Company

Goodlife Pharmacy

Nairobi, Kenya
Goodlife Pharmacy is a Pharmacy & Healthcare solutions provider with a total of 16 stores in the country. With the mission helping the nation look and feel good one person at a time, Goodlife is all about individual customer and patient care. Company put understanding individual needs in providing the right professional pharmacy healthcare solution at the core of daily operations. Goodlife Pharmacy was founded in 2013 and is based in Nairobi, Kenya.
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Investor Overview 1

DESCRIPTION

LeapFrog Investments is a private equity firm focused on opportunities across Asia and Africa. The Firm looks to invest $10 to $50 million per transaction to fund high-growth, financial services and healthcare businesses operating in fast growing markets. LeapFrog is an active investor and looks to support portfolio companies with operations, sales, human resources, and other core business functions. LeapFrog Investments was formed in 2007 and is headquartered in Ebene, Mauritius.


Deal Context for Investor #
Overall 18 of 36
Sector: Retail 1 of 1
Type: Stake Purchase 6 of 9
Country: Kenya 3 of 4
Year: 2016 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-11 Northern Arc

Chennai, India

Northern Arc is a non-banking finance corporation providing the crucial link between debt capital markets and high quality Originators who reach out to the emerging consumers and business owners. Using its deep experience, unrivalled data processing skills, proven and proprietary risk management processes. Northern Arc was founded in 2008 and is based in Chennai, Tamil Nadu.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Shriram Group

Chennai, India

Shriram Group distributes low-cost, high-quality financial services including insurance, savings, and investment products to the emerging Indian consumer. Shriram Group was founded in 1974 and is based in Chennai, India.

Sell -

Seller Profile 1

SELLER

Catalyst Principal Partners

Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 125M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Catalyst Principal Partners is a privat equity firm focused on investing in emerging and mid-sized companies operating in Eastern Africa. Catalyst looks to invest $5 to $20 million per transaction and typically pursues companies in the consumer goods, retail, financial services, business services, industrials, manufacturing, technology, and communications sectors. Catalyst Principal Partners was formed in 2009 and is headquartered in Nairobi, Kenya.


Deal Context for Seller #
Overall 1 of 2
Sector: Retail 1 of 1
Type: Stake Purchase 1 of 1
Country: Kenya 1 of 2
Year: 2016 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-10 Zenufa

Kinshasa, Congo

Zenufa is the second largest local pharmaceutical generics manufacturer. Zenufa manufactures most essential drugs listed under the Essential Drugs list of the Ministry of Health, Tanzania in the form of tablets, capsules, oral liquids and dry syrups. Zenufa's manufacturing facility was the first facility in Tanzania to be certified as 100% cGMP compliant. The facility is equipped with modern HVAC systems, zone concepts, beta-lactum area and effective water systems. Zenufa was founded in 2005 and is based in Kinshasa, Congo.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-24 Kensta Group

Nairobi, Kenya

Kensta Group is a provider of printing and packaging services to clients. Kensta Group is based in Nairobi, Kenya.

Buy -

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