UK Private Equity firm ‘8-Miles’, which is chaired by Sir Bob Geldof and focuses on investments in Africa, has bought a minority stake in Blue Skies.
Blue Skies Chairman and founder Anthony Pile said:
“Blue Skies is pleased that 8 Miles has taken a minority stake in the company. We have an interesting business and one that sets out to do more than making a profit from our bases in Africa, Europe and South America. 8 Miles shares our vision for improving the lives of people, protecting the environment and making enough money at source to advance our objective to supply best quality products to the people of the World.”
Doug Agble, partner at 8 Miles said: “This is an exciting opportunity to partner with a highly successful founder and a top-quality management team who have built a business based on solid and unique foundations.”
