Kibo Capital Partners has acquired a stake in leading Mozambican distributor, Tropigalia S.A. This marks Kibo’s fifth deal from its second fund. Tropigalia was founded in 2004 by entrepreneur Adolfo Correia and distributes food and non-food FMCG items, managing over 3,000 SKU including brands such as Colgate-Palmolive, Pioneer Foods, Dr. Oetker, Milaneza and Bavaria. The company has a workforce of 374 employees.
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