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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.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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