Fidelity invests in the first integrated pharmaceutical manufacturing company in Sub-Sahara Africa

Fidelity Equity Fund II Limited, the second PE fund managed by FCPL, has completed an investment in LaGray Chemical Company Limited, the first integrated pharmaceutical manufacturing company in Sub-Saharan Africa outside South Africa.

Fidelity and its sister fund, AfricInvest Fund II LLC, a Mauritius incorporated PE fund of which FCPL is the Local Investment Partner for Ghana, made an investment totaling US$6.0million in the company.

The investment by the two funds is to help strengthen the capital of the company and enhance its growth and expansion in several aspects including product and market development.

See www.lagrachem.com for more details about the company