DIANI BEACH, KENYA – Proparco, France’s development finance institution and Ascent Rift Valley Fund II, a leading East African private equity fund are pleased to announce the acquisition of a majority equity stake in Diani Beach Hospital Limited (“DBH”), the leading healthcare provider on Kenya’s South Coast.

NAKURU – Ascent Rift Valley Fund II LP, a leading East African private equity firm is pleased to announce the acquisition of a significant equity stake of Valley Hospital Limited (“Valley Hospital”) located in Nakuru Town in Nakuru County, Kenya.

African private equity fund manager Ascent today announced the first rolling close of its Ascent Rift Valley Fund II (ARVF II) at more than USD 100 million, significantly exceeding its initial target of USD 80 million.