Ethiopian Brewery Draws $90M Injection From UK Firms

Law360, New York (January 27, 2012, 3:09 PM EST) -- London-based asset management firms Duet Group and Vasari Global have teamed up to provide an Ethiopian beer supplier with a $90 million injection, the largest private equity investment ever made in the African country, Duet said on Friday.

The investment will boost the operations of Gondar, Ethiopia-based Dashen Brewery PLC and was made in partnership with endowment fund, Tiret Group, which funded the company's start-up in 2000, the company said.

Duet made the investment “in order to keep up with current trends in the Ethiopia market...
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