Investment Summary

8 Miles Invests In Beloxxi Industries

On August 15, 2016, private equity firm 8 Miles invested in food company Beloxxi Industries for 80M USD

Investment Highlights
  • This is 8 Miles’ 1st transaction in the Food sector.
  • This is 8 Miles’ largest (disclosed) transaction.
  • This is 8 Miles’ 1st transaction in Nigeria.

Investment Summary

Date 2016-08-15
Target Beloxxi Industries
Sector Food
Investor(s) 8 Miles
Deal Type Growth Capital
Deal Value 80M USD

Target

Beloxxi Industries

Lagos, Nigeria
Beloxxi Industries is a cream crackers biscuit manufacturing company with operations in 2006 through its ultra-modern, fully integrated biscuit manufacturing plant in Ogun State. Beloxxi Industries was founded in 1994 and is based in Lagos, Nigeria.

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Investor(S) 1

Investor
DESCRIPTION

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.


DEAL STATS #
Overall 7 of 8
Sector (Food) 1 of 2
Type (Growth Capital) 2 of 2
Country (Nigeria) 1 of 1
Year (2016) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-25 Verde Beef Processing

Adami Tulu, Ethiopia

Verde Beef Processing operates a current capacity to produce premium corn-fed beef for export. The company provides integrated facility with irrigated feed production capacity and a new state of the art abattoir production facility underway. Verde Beef Processing was founded in 2014 and is based in Adami Tulu, Ethiopia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-29 Blue Skies Holdings

Pitsford, United Kingdom

Blue Skies Holdings engages in production of fresh-cut tropical fruit for European supermarkets. Blue Skies Holdings was founded in 1997 and is based in Pitsford, United Kingdom.

Buy -