Investment Summary

8 Miles Invests In Verde Beef Processing

On April 25, 2016, private equity firm 8 Miles invested in agriculture company Verde Beef Processing

Investment Highlights
  • This is 8 Miles’ 2nd transaction in the Agriculture sector.
  • This is 8 Miles’ 3rd transaction in Ethiopia.

Investment Summary

Date 2016-04-25
Target Verde Beef Processing
Sector Agriculture
Investor(s) 8 Miles
Deal Type Stake Purchase

Target

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.

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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 6 of 8
Sector: Agriculture M&A 2 of 2
Type: Stake Purchase M&A Deals 5 of 6
Country: Ethiopia M&A 3 of 3
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-15 Beloxxi Industries

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