AfricInvest and IFC completed the acquisition of a 36% stake in AutoXpress from Actis.

Private equity firms, AfricInvest and International Finance Corporation, completed the acquisition of a 36% stake in AutoXpress, an importer, distributor, and retailer of tyres, auto parts and accessories, from Actis, a private equity firm. Financial terms were not disclosed. “We look forward to this new partnership. We expect to draw from the strong investment expertise of AfricInvest on the continent, and similarly the strong global experience of IFC, which together should take AutoXpress to the next level," Sandeep Shah, AutoXpress Managing Director.