Consumer goods & Retail
Estée Lauder’s billionaire heir eyeing the healthcare sector in Africa

Estée Lauder’s billionaire heir eyeing the healthcare sector in Africa

Alta Semper, the private equity fund backed by Ronald Lauder, heir to the cosmetics empire, plans to invest $250m in the healthcare and consumer goods sectors in Africa.

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            ▪ Estée Lauder’s billionaire heir eyeing the healthcare sector in Africa

▪ Alta Semper, the private equity fund backed by Ronald Lauder, heir to the cosmetics empire, plans to invest $250m in the healthcare and consumer goods sectors in Africa.

https://www.jeuneafriquebusinessplus.com/en/799084/estee-lauders-billionaire-heir-eyeing-the-healthcare-sector-in-africa/

02/09/2019 at 17h22, by Aurélie Benoit, updated 22/10/2019

According to information gathered by Jeune Afrique Business+, of the total amount to be completed in September 2020 Alta Semper has already received commitments for around $100m. The most recent promise of funds is from International Finance Corporation which has been considering since the end of August a $15m investment in Alta Semper Ilera Fund I, L.P, the fund’s primary vehicle.

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