Adiwale Partners has bought a minority stake in Global Action, a consumer goods and distribution company based in Senegal. The company will use the funds to expand its product offering and its distribution network. Further assistance, in terms of improving managerial and operational capabilities through team expansion and investing in logistics and IT systems will also be provided as part of the deal.
Grant Thornton conducted due diligence, while IBIS Consulting supported the fund with its environmental and social due diligence. ADNA acted as legal adviser.
The private equity firm invested in the company through Adiwale Fund I.