M&A Deal Summary

Acorn Agri & Food Acquires Overberg Agri

On May 1, 2018, Acorn Agri & Food acquired agriculture company Overberg Agri from Acorn Private Equity

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

M&A Deal Summary

Date 2018-05-01
Target Overberg Agri
Sector Agriculture
Buyer(s) Acorn Agri & Food
Sellers(s) Acorn Private Equity
Deal Type Merger

Target

Overberg Agri

Caledon, South Africa
Overberg Agri is a diversified regional agri business provider in South Africa. Overberg Agri is based in Caledon, South Africa.

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Buyer(S) 1

Buyer

Acorn Agri & Food

Western Cape, South Africa

Category Company
Sector Agriculture
DESCRIPTION

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.


DEAL STATS #
Overall 2 of 2
Sector (Agriculture) 1 of 1
Type (Merger) 1 of 1
Country (South Africa) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-16 Montagu Dried Fruit & Nuts

Cape, South Africa

Montagu Dried Fruit & Nuts is provider of a wide range of selected dried fruit, nuts and related products. It has a significant share of the retail market in South Africa, especially in small packet products. Montagu supplies its products to large retailers for sale under their own house-brand labels, as well as to its franchise stores located throughout South Africa. The franchise stores stock the products in the company’s distinct orange packaging. Montagu Dried Fruit & Nuts was founded in 2001 and is based in Cape, South Africa.

Buy -

Seller(S) 1

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 2
Sector (Agriculture) 1 of 1
Type (Merger) 1 of 1
Country (South Africa) 2 of 2
Year (2018) 1 of 1
PREVIOUS 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