EOS Capital takes 35% stake in Fabupharm

Eos Capital, the Namibian private equity firm founded by Johannes !Gawaxab , is acquiring a 35% in Fabupharm, a pharmaceutical manufacturer with regional expansion ambitions. Financial terms of the deal, which is subject to regulatory approval by the country’s Competition Commission, were not disclosed.

Fabupharm, which operates the only pharmaceutical manufacturing plant in Namibia, produces a range of products including paracetamol, antibiotics, vitamin supplements and sunscreen. Established in 1989 and located in Otjiwarongo, the company employs more than 70 employees and counts Central Medical Stores which supply the Namibian Government’s hospitals and clinics, and several local retailers and pharmacists among its clients. The firm has also secured export approval for a number of its products to be shipped to Botswana, Mozambique and Lesotho and a number of other countries.

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