BPOPF-backed fund to acquire Flo-Tek

Carr
Carr

The newly established private equity fund, Botswana Opportunity Partnership (BOP) is seeking to buy the Lobatse-based pipe-manufacturing firm, Radical Investments, trading as Flo-Tek Pipes & Irrigation.

BOP is a partnership between the Botswana Public Officers Pensions Fund (BPOPF) and Capital Management Botswana (CMB), with the mandate to invest in businesses in Botswana.

Flo-Tek chief executive officer, Vijay Naik, confirmed that negotiations for BOP to acquire Flo-Tek are at an advanced stage, but declined to provide further details on the transaction.

Editor's Comment
Oh what a State funeral!

That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...

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