Quantum Global Group said its Infrastructure Fund has exited Savannah Cement with its USD1.1 billion investment.
It would be recalled that the fund was to support Savannah Cement on a number of value creation initiatives, including the development and launch of new products and the optimization of existing facilities.4
Jean-Claude Bastos de Morais, Quantum Global’s Founder and Group CEO, commented: “We are delighted to have partnered with Savannah Cement in one of the critical industry sectors in East Africa, advancing together to aim to close the existing infrastructure gap in Africa. The exit from this investment is testament to the success of our approach of deploying capital in transformative sectors of key importance in Africa at the right time.”
Martin Bachmann, Group Head of Active Management of Quantum Global, stated: “Our active partnership with Savannah Cement and its management team has created significant value and we are pleased to have been involved in such a critical growth phase for the company. Through its development of state-of-the-art products and technologies and its focus on the best use of green technology and on revolutionising environmental management in the cement industry, the company is well positioned to compete in an expanding marketplace, and we wish them continued success.”