Africa Transformation and Industrialization Fund, a fund managed by Arise Group entered into a definitive agreement to acquire an unknown stake in ARISE Integrated Industrial Platforms from Olam International Limited (SGX:O32) in a management buyout transaction on February 11, 2022. In the related transaction Africa Transformation and Industrialization Fund will also acquire ARISE Infrastructure Services. The aggregate cash consideration for both the transaction is of $189 million. Subject to customary closing conditions, the Transaction is expected to close in the second quarter of 2022.

Africa Transformation and Industrialization Fund, a fund managed by Arise Group completed the acquisition of an unknown stake in ARISE Integrated Industrial Platforms from Olam International Limited (SGX:O32) in a management buyout transaction in June 2022.