Acquiring Company
The Initiates Plc
Acquired Company
The Initiates Uganda
Lagos
KampalaEnergyOil And GasEnergyOil And GasDescription
The Initiates Plc has acquired a 20% equity interest in The Initiates Uganda, raising its ownership to 55%. The acquisition, valued at $2.02 million, transforms the Ugandan entity into a full subsidiary and strengthens the company's foothold in East Africa's oil and gas sector. This strategic move enhances The Initiates Plc's growth strategy while diversifying revenue streams.
Quick answer
The Initiates Plc is acquiring The Initiates Uganda, announced May 5, 2026. The Initiates Plc is based in Lagos, Lagos State, Nigeria.
- How much did The Initiates Plc pay for The Initiates Uganda?
- The deal value was not disclosed.
- What does The Initiates Plc do?
- The Initiates Plc is a company focused on waste management and industrial cleaning services.
- Where are The Initiates Plc and The Initiates Uganda based?
- The Initiates Plc is based in Lagos, Lagos State, Nigeria. The Initiates Uganda is based in Kampala, Central Region, Uganda.
- Who are the decision-makers at The Initiates Plc?
- Fundz holds 1 contact at The Initiates Plc. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at The Initiates Plc, and when
When The Initiates Plc changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day The Initiates Plc raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at The Initiates Plc, from your own LinkedIn network
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Frequently asked
Who acquired The Initiates Uganda?
The Initiates Uganda was acquired by The Initiates Plc, based in Lagos. The deal was reported on May 5, 2026. The Initiates Plc is a company focused on waste management and industrial cleaning services. It aims to expand across Africa, particularly in the oil and gas sector. The Initiates Plc is privately held and operates in Energy.
When did The Initiates Plc acquire The Initiates Uganda?
The Initiates Plc's acquisition of The Initiates Uganda was reported on May 5, 2026. The Initiates Plc has acquired a 20% equity interest in The Initiates Uganda, raising its ownership to 55%. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does The Initiates Uganda do?
The Initiates Uganda is a subsidiary that operates within Uganda's oil and gas sector. It has recently transformed from an associate company to a full subsidiary. The company is currently valued at approximately $15 million. It is privately held, operating in Energy, and is based in Kampala.
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