Mi Vida Homes Limited has announced the signing of a management-led buyout agreement to acquire the business from Actis, the global sustainable infrastructure investor. The transaction, whose valuation was not disclosed, is subject to regulatory approval.
The deal marks a significant milestone for Mi Vida, which was founded in 2018 to develop green, affordable, and mid-market housing. The company says the buyout is evidence that institutional residential developers can be successfully incubated, scaled, and positioned for participation in local capital markets.
According to Mi Vida Homes CEO Samuel Kariuki, the transaction is the first of its kind involving a residential development platform in the local market.
“This milestone marks an important chapter in Mi Vida’s journey and reinforces the viability of institutional home builders in Africa,” he said.
Actis confirms transition strategy and confidence in Mi Vida
Kariuki added that the platform has operated with high standards of environmental, social and governance (ESG) practices and financial discipline.
“From inception, our ambition has been to deliver high-quality, sustainable housing solutions tailored to the needs of the local market, while operating with the highest standards of governance and financial discipline,” he noted.
“Today, with a strong balance sheet, a diversified capital base, and a healthy pipeline of projects, we believe we are well positioned to scale further and deepen our impact, as we lead the company into its next phase.”
He also thanked Actis for helping build what he called a solid, investment-grade platform.
On his part, Louis Deppe, Partner at Actis, said the transaction reflects the depth of opportunity in African real estate and the success of a model where global investors incubate and transition platforms to local ownership.
“The outcome at Mi Vida demonstrates both the scalability and invest-ability of Africa’s residential sector, underpinned by robust demand fundamentals and increasing depth in local capital markets,” he said.
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He described the deal as a validation of Africa’s growing local capital markets and the continent’s robust demand fundamentals. Deppe added that Actis had evolved from investor-developers to true platform builders across Africa and was among the first to do so at scale.
“We have great confidence in the Mi Vida management team and believe their vision, execution capability, and commitment to excellence will drive the platform’s continued success in its next phase of growth,” he added.
Six-year journey comes full circle
Ravi Rughani, Principal at Actis, described the transaction as a validation of the firm’s original 2018 vision for Mi Vida. He said the platform had been transformed into one with investment-grade governance, a robust balance sheet, and a well-diversified funding base.
“Over the past six years, Mi Vida has been transformed into a platform with investment-grade governance, a robust balance sheet, and a well-diversified funding base – qualities that resonate with both international and domestic capital providers. Importantly, the platform has achieved this while addressing urgent housing demand in the local market and delivering strong USD returns to our investors,” Rughani stated.
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He added that the company had also set new benchmarks in affordable and mid-market housing, combining disciplined execution with sustainability and community impact.
“The successful transition of ownership to a management-led consortium underscores the strength of the team and the durability of the platform we have built together. This transaction reflects the core of Actis’ philosophy: creating sustainable and scalable businesses that deliver long-term value while addressing critical local needs,” he added.
Mi Vida management team and their capital partners will now steer the company through its next growth phase following the confirmation that Actis exits ownership.
The company is a leading global investor in sustainable infrastructure, with a track record of building market-leading businesses in Asia, Africa, and Latin America.
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