How private equity could have saved Kenya’s Nakumatt from bankruptcy
By rejecting the opening of its capital to institutional investors, who could have provided financing and know-how, and by deciding to rely on intermediated financing, the Shah family sealed the fate of its supermarket chain. This proved to be the wrong choice for its plans to grow the business.
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▪ How private equity could have saved Kenya’s Nakumatt from bankruptcy
▪ By rejecting the opening of its capital to institutional investors, who could have provided financing and know-how, and by deciding to rely on intermediated financing, the Shah family sealed the fate of its supermarket chain. This proved to be the wrong choice for its plans to grow the business.
▪ https://www.africabusinessplus.com/en/802511/comment-le-private-equity-aurait-pu-sauver-le-kenyan-nakumatt-de-la-faillite/
After managing to obtain an initial stay of execution from the courts when Nakumatt Holdings filed for the first time in October 2017, the group now seems destined to disappear. The receivership procedure marks the end of the road.
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