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Ivory Coast: Duet Private Equity Limited buys SAPLED

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Monday, 11 January 2016

Ivory Coast: Duet Private Equity Limited buys SAPLED

Duet Private Equity Group has acquired Abidjan-based Societe Africaine des Produits Laitiers et Derives (SAPLED) from the Sifaoui Group through the creation of Duet Consumer Ivory Coast Holdings (DCICH).  The details of the transaction have not been disclosed. SAPLED is one of the largest Dairy & Fruit Juice processing companies in Ivory Coast, as well as the exclusive owner of the Tampico fruit juice license in Ivory Coast, Burkina Faso, Togo, Benin and Guinea. SAPLED was founded over 25 years ago and over the years the company has built up a portfolio of brands and products that are today well recognised across the regional market. Duet believes that the food and beverage manufacturing sector in Francophone West Africa is well positioned for rapid growth.  Due to rising population and purchasing power, food consumption and mass grocery retail sales are expected to deliver double-digit annual growth for the next five years. This growth is being driven by an expansion of the middle-class with growing purchasing power and a strong appetite for consumer products. Duet Group has appointed Frederic Pecastaings as non-executive Chairman of DCICH, in order to provide strategic insight, drawing on 20 years of experience in emerging markets and his 15-year tenure at regional and world’s leading FMCG businesses, including 5 years at Danone. Duet has also appointed Samir Farhat as CEO of SAPLED. Samir, an entrepreneur from Senegal who has led several businesses there, moved to Ivory Coast two years ago to join SAPLED as General Manager

Source: privateequitywire