BPOPF-backed fund buys Lobatse Clay Works

Friday, September 01, 2017

CMB is adding Lobatse Clay Works to its list of aquisition

A private equity fund backed by the cash-flush Botswana Public Officers Pension Fund (BPOPF) in close to buying Lobatse Clay Works (LCW) from the Botswana Development Corporation (BDC).

As BDC continues to divest some of its subsidiaries, BusinessWeek has learnt that the Botswana Opportunities Partnership (BOP), a private equity fund in which the BPOPF has invested P830 million, is buying an 80% stake into the Lobatse-based bricks and pavers manufacturing company.

The deal, which is currently before the Competition Authority for regulatory approval, will be done through BOP’s fund managers, Capital Management Botswana (CMB).

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