# Ascent Rift Valley Fund II takes minority stake in Dune Packaging

Ascent Rift Valley Fund II acquired a minority equity stake in Dune Packaging Limited, a Kenyan packaging manufacturer, to support its expansion into new markets and operational capabilities.

- Type: Investment
- Announced: 2024-05-04
- Where: Kenya
- Status: completed
- Products: packaging products
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Ascent Rift Valley Fund II](https://endata.com/companies/11815.md) (investor)
- [Dune Packaging](https://endata.com/companies/11816.md) (target)

## Sources

- [kbc.co.ke](https://www.kbc.co.ke/ascent-acquires-minority-stake-in-dune-packaging/), 2024-05-04: "Dune Packaging Limited now expects to expand its local operations after securing equity investment from Ascent Rift Valley Fund II."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.