8 Miles Mergers and Acquisitions Summary

Private Equity Firm Profile

8 Miles’ most common sectors for investment arefood (25%) and agriculture (25%) . The Firm’s most common investment types include stake purchase (63%) and growth capital (25%). In total, 8 Miles has invested in 5 different countries. Its largest (disclosed) acquisition occurred in 2016 when it acquired Beloxxi Industries for $80M.

In the last 3 years, 8 Miles has exited 2 companies. The Firm’s most common exit type is trade sale (50%).

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M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity8
    • M&A Sell Activity2
  • Total Sectors Invested 5
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 2
  • M&A Advisors 3

8 Miles LLP

5th Floor, 55 Strand,
London, WC2N 5LR
United Kingdom
+44 20 7068 9999
www.8miles.com
info@8miles.com

8 Miles is a private equity firm focused on investing in Africa. The Firm looks to invest in high-growth companies and generally seeks to commit $15 to $45 million per transaction. Sectors of interest include agriculture, business services, financial services, consumer products, retail, energy, utilities, healthcare, leisure, real estate, telecom, media, technology, and logistics. 8 Miles was formed in 2008 and is based in London.


Investment Criteria

Sectors of Interest: Agriculture, Business Services, Communications, Consumer Products, Energy Services and Equipment, Financial Services, Food, Healthcare Services, Media, Real Estate, Retail, Transportation, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Stake Purchase

Geographic Preferences: Africa

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 15 45
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.0/yr) # 8 - - - - - 8
vol $80M $80M
Sell (0.4/yr) # - - - - 2 - 2
  10

Most Recent M&A

Company Date Value Type
Eagle Chemicals Group 2021-06-07 - Stake Purchase
Cairo, Egypt · www.eagle-chemicals.com
Orient Bank Ltd. 2021-05-03 - Add-on Acquisition
Kampala, Uganda · www.orient-bank.com
Blue Skies Holdings Ltd. 2017-03-29 - Stake Purchase
Pitsford, United Kingdom · www.blueskies.com
Beloxxi Industries Ltd. 2016-08-15 80M USD Growth Capital
Lagos, Nigeria · www.beloxxigroup.com
Verde Beef Processing PLC 2016-04-25 - Stake Purchase
Adami Tulu, Ethiopia · www.verdebeef.com
Orient Bank Ltd. 2015-02-24 - Stake Purchase
Kampala, Uganda · www.orient-bank.com
Eagle Chemicals Group 2014-09-02 - Stake Purchase
Cairo, Egypt · www.eagle-chemicals.com
Biyinzika Poultry International Ltd. 2014-06-17 - Stake Purchase
Bugolobi, Uganda · www.biyinzika.co.ug
Awash Wine Share Company 2013-07-01 - Buyout (LBO, MBO, MBI)
Addis Ababa, Ethiopia · www.awashwines.com
eleni LLC 2013-06-03 - Growth Capital
Addis Ababa, Ethiopia · www.eleniexchanges.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Food 2 (50%) 80M (100%) 2 (25%) 80M (100%)
Agriculture 1 (25%) - 2 (25%) -
Financial Services - - 2 (25%) -
Beverages 1 (25%) - 1 (13%) -
Chemicals - - 1 (13%) -
Total 4 $80M 8 $80M

Acquisitions By Geo

State/Country Current # Value All-time # Value
Ethiopia 1 (25%) - 3 (38%) -
Uganda 1 (25%) - 2 (25%) -
Nigeria 1 (25%) 80M (100%) 1 (13%) 80M (100%)
United Kingdom 1 (25%) - 1 (13%) -
Egypt - - 1 (13%) -
Total 4 $80M 8 $80M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Stake Purchase 2 (50%) - 5 (63%) -
Growth Capital 1 (25%) 80M (100%) 2 (25%) 80M (100%)
Buyout (LBO, MBO, MBI) 1 (25%) - 1 (13%) -
Total 4 $80M 8 $80M

Exits by Deal Type

Type Total # Value
Stake Sale 1 (50%) -
Trade Sale - Public Company 1 (50%) -
Total 2 -

Top M&A Advisors

Financial Deals
KPMG Corporate Finance LLC
1
Legal Deals
Clifford Chance LLP
3
Bowmans Kenya
1

Deal Values

buy # Total
< $100M 1 $80M
TOTAL $80M
Largest Beloxxi Industries Ltd.
$80M (2016-08-15)

M&A Connections

Deals
Exited to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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