East African mid-market PE firm Zoscales Partners bolsters team

 East African mid-market PE firm Zoscales Partners bolsters team

Zoscales Partners, which chases small and medium enterprises in Ethiopia and the rest of East Africa, has strengthened its team by adding two operating partners and a senior advisor.

It has named Peter Njoka and Adema Sangale as operating partners and brought on board Tenke Zoltani as a senior advisor.

Jacop B. Rentschler, managing partner and co-founder of Zoscales, said: “Peter and Adema will strengthen our local entrepreneur model, allowing Zoscales Partners to integrate successful entrepreneurs into its investment strategy and create overall operational value. Tenke is putting together impact principles fundamental to our approach at Zoscales.”

Njoka has spent over 20 years in private equity and investment management. He was managing director at emerging markets-focused PE firm Abraaj for 17 years, building the firm’s Africa presence and was responsible for key East Africa transactions. These include an investment in Brookside Africa, the largest dairy processor in East Africa, where he is still a member of the board.

Sangale will support the strategic value-creation strategies of Zoscales’ FMCG portfolio companies. He has had a 17-year career working for consumer products major Procter & Gamble in various leadership roles across Africa, Europe and North America.

Zoltani has a decade of experience in impact investing origination, diligence, execution and monitoring. She is a development finance advisor to the UN, among other organisations, and sits on the board of several impact investing funds.

Previously, she was director of impact investing at UBS, where she built the impact investing advisory offering for ultra-rich clients.

The Capital Quest