Vasari Wins Coveted Private Equity Africa Award

UK-based strategic investment firm Vasari has won the “Special Recognition Award for a New Frontiers Deal” at the 2013 Private Equity Africa Awards ceremony held in London recently.

Vasari won the award for closing the largest private equity deal in Ethiopia to date. The transaction saw the firm join forces with Duet Group, the UK-based alternative asset manager, to make a significant equity investment into Dashen Brewery.

Commenting on the award, Vivian Imerman, founder and chairman of Vasari, said: “We are delighted to have been recognised by this award. Dashen is an outstanding company and, in our role as industrial partners, we are committed to help the business achieve its full potential as the leading beer business in Ethiopia.

“Dashen is the first of a number of investments where Vasari will blend its financial resources and industrial acumen to develop a leading multinational consumer brands company focused on long term value creation.”

The 2013 Private Equity Africa Awards celebrate the best in African private equity in 2012. The final winners were selected by a panel of independent judges, based on recommendations from the London Business School Coller Institute of Private Equity and the PEA Awards Advisory Panel. The special recognition awards were awarded based on deal volumes and aggregate investment values, primarily based on data provided by Preqin.