Kibo Fund III

Kibo Fund III is a private equity growth and expansion fund managed by Kibo Capital Partners, a firm established in 2007 and based in Ebene, Mauritius. The fund focuses on early-stage investments in Eastern and Southern Africa, as well as the islands of the Indian Ocean. Kibo Fund III targets sectors such as healthcare, financial services, educational and training services, manufacturing, agricultural technology, and financial technology. It emphasizes investments that align with environmental, social, and governance (ESG) criteria, particularly in areas related to education, agriculture, financial services, and health, aiming to generate both financial returns and positive social impact.

Rasmus Bentzen

Associate

Christoph Evard

Partner

Thierry Hugnin

Co-Founder and Managing Partner

Wilfrid Korsaga

Partner

Nitish Nowjee

Principal

Past deals in Uganda

CIEL Healthcare

Private Equity Round in 2016
Ciel Healthcare Limited (‘CHL’) invests in and manages secondary and tertiary healthcare assets across Sub-Saharan Africa (SSA). CHL’s objective is to build a strong healthcare regional platform through the implementation of a ‘Buy and Build’ strategy. In line with this strategy, CHL and its investment partners have acquired majority stakes in Fortis Clinique Darne (Mauritius), International Medical Group (Uganda) and Hygeia Nigeria Limited (Nigeria).

International Medical Group

Private Equity Round in 2012
International Medical Group Limited, established in 1995 and based in Kampala, Uganda, operates in the healthcare sector, offering a range of services including medical insurance, diagnostic services, and pharmaceutical distribution. The company provides medical insurance to individuals, families, and businesses, and runs diagnostic centers that focus on wellness checks. Additionally, it supplies various pharmaceutical products, such as controlled drugs and medical consumables. The group encompasses several entities, including International Hospital Kampala, International Medical Centres, and International Health Sciences University, among others. International Medical Group Limited emphasizes applied research, education, and community-based services as part of its healthcare offerings.

Electro-maxx U

Private Equity Round in 2011
Electro-Maxx (U) Ltd. is an independent power producer in Uganda. The company engages in the production and supply of electricity in East Africa. Electro-Maxx (U) Ltd. was founded in 2005 and is based in Kampala, Uganda.