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Conyers Dill & Pearman acted for The International Finance Corporation (IFC) in relation to its facility to Goodlife Pharmacy, based in Kenya.
The facility will enable the pharmacy chain to open new stores in Nairobi and other major cities in East Africa, thereby enlarging its customer base and creating jobs. The rise in the number of branches will serve as an example to the pharmaceutical industry to create structured brands, which should result in customers getting higher quality products at a lower cost.
Catalyst Principal Partners, a private equity firm, and Africa Chemist & Beauty Care of Mauritius, bought into the chain last September.
Sameer K. Tegally led on the transaction from our Mauritius office, with the assistance of Ashvan Luckraz.