London, (XXX June 2015): Actis
Mouka manufactures foam spring mattresses, polyurethane blocks, pillows and furniture for consumers in West Africa. Actis invested in 2007 and since then it has expanded the company and its operations across Nigeria; built best in class manufacturing facilities; expanded production and distribution; brought in a first-rate board and institutionalised the organisation, helping Mouka evolve from a well-respected, family owned business into a sustainable, successful corporation.
Speaking on the exit, John Opubor, Director in Actis’s Nigerian office,said: “Favourable demographics are driving growth and a positive consumer environment in Nigeria — the country boasts a large and fast-growing population, high GDP per capita growth, rising urbanisation levels, and an expanding middle class. We saw an opportunity to help Mouka capitalise on this trend and have been pleased with the growth we’ve been able to help the company achieve.”
“Actis would like to thank Mouka’sChairman DotunSulaimana
HasibMoukarim from the founding family commented: “We would like to thank the Actis team for its contribution to our company’s development. Actis has been a great partner andthey have helpedus to fulfillour promise to offer durable and quality products for consumers in Nigeria and the widerWest African market.”
Nigeria continues to be highly attractive to Actis as an investment destination, and to strategic investors looking to expand their manufacturing footprint and access thriving,growing markets.
Actis invests exclusively in the emerging markets with a growing portfolio of investments in Asia, Africa and Latin America; it currently has US$7.6 billion funds under management. Combining the expertise of over 100investment professionals on the ground in nine countries, Actis identifies investment opportunities in three areas: private equity, energy and real estate. It operates under the highest standards of ESG in the industry and helped the UN define the code for responsible investing. Actis is proud to actively and positively grow the value of those companies in which it invests and in so doing contribute to broader society.