Mi Vida Homes Limited has announced the signing of a share purchase agreement for a management-led buyout of the business from Actis, the global sustainable infrastructure investor, subject to regulatory approval.
The valuation of the transaction was not disclosed. The transaction represents a key milestone in the evolution of Mi Vida, which was created in 2018 as a green affordable and mid-market housing developer. The company says the move demonstrates that institutional residential developers can be successfully incubated, scaled, and developed to investment-grade quality, positioning them for participation in local capital markets.
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Samuel Kariuki, CEO of Mi Vida Homes, said, “This is the first such transaction involving a residential development platform in our market. This milestone marks an important chapter in Mi Vida’s journey and reinforces the viability of institutional home builders in Africa. It demonstrates that institutional home builders can be nurtured to scale in Africa, operating at high standards of ESG and financial discipline.”
He added that Mi Vida’s ambition from inception has been to deliver high-quality, sustainable housing solutions tailored to local market needs while maintaining top-tier governance and financial practices. “With a strong balance sheet, a diversified capital base, and a healthy pipeline of projects, we are well positioned to scale further and deepen our impact as we lead the company into its next phase,” he said, acknowledging Actis’ “invaluable role in building a solid investment-grade platform anchored on sustainability and high governance standards.”
Louis Deppe, Partner at Actis, noted that the transaction highlights the growing depth of long-term capital opportunities in African real estate. “This outcome demonstrates both the scalability and investability of Africa’s residential sector, underpinned by robust demand fundamentals and increasing depth in local capital markets,” he said.
Deppe added that Actis’ approach of incubating, institutionalising, and transitioning platforms to local ownership is bearing fruit, and expressed confidence in Mi Vida’s management team to sustain the platform’s growth.
Ravi Rughani, Principal at Actis, said the buyout validates the vision behind Mi Vida’s creation in 2018 and marks a milestone in the institutionalisation of Africa’s residential real estate sector. “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 — while addressing urgent housing demand and delivering strong USD returns to our investors,” he said.
Rughani added that the management-led transition underscores Mi Vida’s strength and Actis’ philosophy of building scalable, sustainable businesses that create long-term value and community impact.
