Five notable food sector private equity deals
We highlight five food sector private equity deals, as featured in our Dealmaker’s Log.
We highlight five food sector private equity deals over the past 12 months, as featured in our Dealmaker’s Log, a database of reported investment deals, exits, and fundraising milestones. Subscribe to this service here
1. Helios in $40m food deal
Egypt’s Raya Foods has secured an investment of approximately $40m from Helios Investment Partners.
Through this investment, Helios will acquire 49% of Raya Foods’ shares. The investment aims to boost Raya Foods’ capabilities in the manufacturing and export of frozen foods and expand its global presence. Read the full article
2. Mergence acquires remaining PE stake in Lesotho trout farm
Mergence Investment Managers (Lesotho) has acquired the remaining 51% of the shares in Sanlei Premium Trout, an integrated aquaculture producer of Africa’s largest sushi-grade trout. The stake was sold to Mergence by the former co-investor, a private family capital fund.
The investment sits in Mergence’s Lesotho Private Equity Fund. The fund's main investor is the largest pension fund in Lesotho.
As a commercial-scale rainbow trout farm, Sanlei is located on the edge of the Katse Dam in the remote highlands of Lesotho. Read the full article
3. WIC Capital invests in Senegalese food company
WIC Gestion, the manager of the WIC CAPITAL Fund, has announced its investment in Arachides et Cajou du Sénégal (ACASEN), a growing Senegalese food processing company based in Dakar.
ACASEN, a Senegalese family business with roots dating back to 1992, specialises in the production and marketing of snacks made from cashews, peanuts, potatoes, and infant flour (Jogal Dox). Read the full article
4. Eos Capital in Namibia blueberries deal
Loxworth Capital has announced a significant strategic investment in its portfolio company, Namibia Berries. Eos Capital, through its Euphrates Agri Fund, has acquired a 15% stake in Namibia Berries, strengthening the company’s growth trajectory. This partnership aims to significantly boost local blueberry production, contributing to Namibia’s agricultural sector and positioning the country as a key player in the global blueberry market.
Namibia Berries, a hydroponic blueberry producer based in Divundu, in northern Namibia, is poised for significant expansion. Over the next 5-7 years, the company aims to expand its operational area to over 500 hectares. Read the full article
5. Zimbabwe: Spear Capital invests in food company
Private equity firm Spear Capital has announced an investment in Zimbabwean food producer Efoods.
Spear said in a statement: "We’re proud to introduce the newest addition to our portfolio, Zimbabwean food producer Efoods. Efoods produces a range of sauces, sachets and honey under the Mr Sauce, MiriPiri and Natural Forest brands. Read the full article
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