Who owns Bidco Kenya?
Who owns Bidco Kenya?
Bhimji Depar Shah
The stock of Bidco Africa is a wholly owned subsidiary of Hemby Holdings Limited, a privately held investment holding company of Bhimji Depar Shah and his family. The indirect shareholding in the group’s stock was equally divided among Bhimji Depar Shah, Vimal Shah and Tarun Shah.
How much is Bidco worth?
Bidco has a 49% share of the edible oils market in Kenya, and annual revenues of more than $500 million. Bidco’s products are manufactured, sold and distributed in 14 countries across Africa. Vimal Shah and his family were once listed in Forbes’ annual ranking of Africa’s richest people.
Who is SA Bidco?
Bidco is a newly established company created for the purpose of the proposed transaction. It is a South African aviation company, offering scheduled airline services within the country, the rest of Sub-Saharan Africa and the Indian Ocean Islands.
How did Bidco get started?
It was established in 1970 as a garment manufacturer in Nyeri, Kenya. In 1985, the former chairman, Mr Bhimji Depar Shah and his two sons Vimal Shah and Tarun Shah saw a growing need in the African market for soap products. They relocated to Nairobi, and set up a soap manufacturing plant.
How do I become a distributor in Kenya?
Requirements to become an EABL distributor in Kenya
- Have an area you’d like to serve (your market of interest must be indicated)
- Have a registered business (all licenses and trading certificates must be attached to the application)
- Bank guarantee – You must be able to raise a bank guarantee of at least Ksh 35 Million.
What is Topco midco Bidco?
Topco’s 100% subsidiary (Midco) often holds the transaction debt and this segregates the debt and equity structures within the Stack; and. Midco’s 100% subsidiary (Bidco) is typically the entity that will actually acquire and hold the shares in the target company.
How much did it cost to build two Rivers Mall?
So how much did it cost to build Two Rivers Mall? Overall, the estimated construction cost is about Kshs. 15.5 billion. The apartment cost was around Kshs 3.8 billion, while the infrastructure development was Kshs 5.8 billion.
How do I become a Coca Cola distributor in Kenya?
To be a coca cola distributor, one must be able to raise a startup capital of between 3 million to 5 million Kenyan Shillings. You should also be able to obtain a bank guarantee of 2 million Kenyan Shillings.
What is Bidco and Midco?
These entities are created for tax and financing purposes. This means that BidCo which is the lowest in the group structure, will receive senior debt financing from outside lenders. MidCo will receive junior debt, and Topco will have the equity portion possibly along with riskier types of junior debt.
What is a Bidco in private equity?
Bidco means a wholly-owned Subsidiary of Borrower formed for the purpose of acquiring all or a portion of the Target shares as set forth in the Offer Document.
