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Announced

Completed

CFAO completed the acquisition of a 30% stake in Goodlife Pharmacies from LeapFrog Investments.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For30%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Minority

Private Equity

Friendly

Acquisition

Cross Border

Kenya

Private

Completed

pharmacy chain

Pharmaceuticals

Synopsis

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CFAO, a wholesale distributor of pharmaceuticals, completed the acquisition of a 30% stake in Goodlife Pharmacies, a pharmaceutical chain, from LeapFrog Investments, a private equity firm. Financial terms were not disclosed. “Goodlife has built strong brand recognition in East Africa. oodlife Pharmacy will continue to work in marginalized areas, taking the same quality of care and providing products at the right price points for these markets. In addition, we will be working with local Kenyan manufacturers to create additional demand for Kenyan manufactured pharmaceuticals," Amaan Khalfan, Goodlife CEO.

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