M&A Deal Summary

Acorn Private Equity Acquires Acorn Agri & Food

On February 1, 2014, private equity firm Acorn Private Equity acquired agriculture company Acorn Agri & Food

Acquisition Highlights
  • This is Acorn Private Equity’s 1st transaction in the Agriculture sector.
  • This is Acorn Private Equity’s 2nd transaction in South Africa.

M&A Deal Summary
Date 2014-02-01
Target Acorn Agri & Food
Sector Agriculture
Buyer(s) Acorn Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Acorn Agri & Food

Western Cape, South Africa
website
Acorn Agri & Food is a vertically integrated South African agriculture and food group with a legacy of more than 100 years. Acorn Agri & Food is based in Western Cape, South Africa.

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Buyer(S) 1

Buyer

Acorn Private Equity

Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Acorn Private Equity is a private investment group focused on acquiring and investing in Sub-Saharan African companies. Acorn targets profitable, sustainable businesses valued less then R$500 million. The Firm does not have any sector preferences. Acorn Private Equity was established in 2009 and is headquartered in Somerset West, South Africa.

DEAL STATS #
Overall 2 of 3
Sector (Agriculture) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 2
Country (South Africa) 2 of 3
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Saint Pie

Lydenburg, South Africa

Saint Pie is a a manufactures and distributes of pies. The company has distribution via its specialised refrigerated fleet with 3 regional depots in Pretoria, Welkom and Pietermaritzburg. Saint Pie was founded in 1995 and is based in Lydenburg, South Africa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-07 USC Metering

KwaZulu-Natal, South Africa

USC Metering (Pty) Ltd. is a provider of payment water meters and electronic water control devices.

Sell R40M
Mergr

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