An unknown buyer acquired 16% stake in Orange Madagascar, SA from Terra Mauricia Ltd (MUSE:TERA.N0000) and Kibo Fund LLC managed by Kibo Capital Partners Ltd in January 2021. Enexus Finance acted as a financial advisor for Orange Madagascar, SA. Nicolas-Pierre Baume, Bertrand Hermez & Marie Dokchine of Clairfield International acted as financial advisor to consortium of sellers. An unknown buyer completed the acquisition of 16% stake in Orange Madagascar, SA from a consortium of minority investors led by Terra Mauricia Ltd (MUSE:TERA.N0000) and Kibo Fund LLC in January 2021.