Actis buys South African furniture retailer Coricraft

September 1, 2015 10:04 AM

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JOHANNESBURG, Sept 1 Buyout firm Actis has bought South African furniture retailer Coricraft, it said on Tuesday, marking the latest deal by the private equity investor to tap Africa's fast-growing consumer industries.

"We believe Coricraft Group has significant growth potential given its high quality, aspirational, value offering," Natalie Kolbe, partner at Actis, said in a statement.

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