BluePeak Private Capital in $25m African agribusiness deal

BluePeak has announced a $25 million investment in Robust International.

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BluePeak Private Capital – an alternative asset management firm supporting the growth of scalable businesses in Africa – has announced a $25 million investment in Robust International, a pan-African processor and exporter of agro-commodities with a focus on cashew nuts and sesame seeds.

The investment will contribute to expanding Robust’s processing capacity in main operating markets, including Nigeria, Côte d’Ivoire, Burkina Faso, and Mozambique.

Whilst accounting for most of the global supply of raw cashew nuts and sesame seeds, Africa has historically exported most of its production in its raw form to processors in Asia. Robust aims to capitalise on Africa’s critical role in the global supply of cashew and sesame by increasing its processing capacity on the continent, supporting local farmers and creating additional value locally.

Commenting on the investment, Rami Matar, senior partner at BluePeak said, "We are pleased to partner with Robust, one of the leading agro-processors in Africa, to encourage sustainable production practices and contribute to enhancing local and global food security and supply chains."

Commenting on the investment, Vishanth Narayan, executive director at Robust said, "We are very pleased to work with BluePeak on this investment, which will provide employment opportunities to the local community while significantly contributing to the economic growth in these countries through enhanced value addition initiatives in the supply chain."

BluePeak and Robust International were advised by Covington & Burling LLP (legal advisor) and Blend Financial Services (financial advisor), respectively.

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