I&M Burbidge Capital advises Kenya Nut Company on debt deal

I&M Burbidge Capital (IMBC) has advised on the debt financing transaction by Proparco to Kenya Nut Company Limited, popular for its various brands: Out of Africa, Nutfields, Morendat, and Leleshwa. The transaction is the first of a two-phased disbursement plan.

Kenya Nut is one of the leading macadamia nut processors in East Africa, renowned for its high-quality macadamia and cashew nuts.

Proparco is a subsidiary of Agence Française de Développement (AFD) focused on private sector development. It provides funding and support to both businesses and financial institutions across Africa, Asia, Latin America, and the Middle-East.

I&M Burbidge Capital advised Kenya Nut on all fronts of the transaction, including structuring, sourcing financing from the market, evaluation of offers that were received, and managing various deal complexities.

”The IMBC team hit the ground running, quickly gaining a comprehensive understanding of our business model and effectively communicating our story and value proposition to potential financiers. The team guided us through each step of the transaction, enabling us to swiftly close the transaction to the satisfaction of all stakeholders. IMBC’s strong industry relationships generated a competitive process that led us to the right financing partner for the company. We would not hesitate to recommend I&M Burbidge Capital for other corporate finance work,” says Mbugua Ngugi, managing director, Kenya Nut Company Limited.

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