Rockwood-backed Tsebo to merge with Allterrain ServicesAfrica Capital Digest | Africa Capital Digest
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Rockwood-backed Tsebo to merge with Allterrain Services

Image Credit: Tsebo Outsourcing

Having acquired 75% of Allterrain Services in December 2014 in $21 million deal, Rockwood-backed Tsebo Outsourcing Group and Allterrain have announced that they will fully merge, creating a pan-africa services group with combined revenues of R6 billion, 26,000 employees with a presence in 22 countries.  As reported by Bloomberg in mid-February, Rockwood plans to exit Tsebo this year in order to execute the fund’s first disposal before beginning to raise its second fund.

Read more at Spy Ghana…

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