Eos Capital, a Namibian private equity firm will acquire Avbob Namibia Holdings from the South African parent company known as Avbob Mutual Insurance Society. Avbob Namibia Holdings was established in 1962 and has well-established service offerings such as funeral services, coffins, wreaths, funeral-ware and also distributes third party funeral policies. Eos Capital has the financial capability to assist the company with its expansion in Namibia while it operates as a 100% owned Namibia business after the deal is concluded. The acquisition will be concluded once Namibian Competition Commission approval has been obtained. The agreed deal figures were undisclosed.
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