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Article: Emerging Capital Partners Sells Stake in Moroccan Fertilizer Distribution Company.
- Article from:
- PR Newswire
- Article date:
- May 5, 2008
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Exit exemplifies developing strength of agribusiness sector for private equity investing in Africa
WASHINGTON, May 5 /PRNewswire/ -- Emerging Capital Partners LLC (ECP), an international private equity firm focused on investing across the African continent, today announced the sale of its entire position in Charaf Corporation, Morocco's leading fertilizer distribution company. ECP's exit was made through a sale of shares to the historical shareholders of Charaf for total proceeds of U.S. $23.2 million. The initial investment consisted of common shares and was made through the AIG African Fund Infrastructure Fund L.L.C. (Africa Fund I) in December 2003.
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