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  5. Farmcrowdy Acquires Best Foods L&P

M&A Deal Summary

Farmcrowdy Acquires Best Foods L&P

On February 17, 2020, Farmcrowdy acquired agriculture company Best Foods L&P

Acquisition Highlights
  • This is Farmcrowdy’s 1st transaction in the Agriculture sector.
  • This is Farmcrowdy’s 1st transaction in Nigeria.

M&A Deal Summary
Date 2020-02-17
Target Best Foods L&P
Sector Agriculture
Buyer(s) Farmcrowdy
Deal Type Add-on Acquisition

Target

Best Foods L&P

Nigeria
Best Foods L&P Ltd. is an agribusiness group focused on livestock processing through Best Food Livestock and Poultry, farming through Best Food Fresh Farms, and marketing of agricultural produce through Naijapride, its wholesaler and Best Foods dairy and multi-concepts, the retailer.

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Buyer(S) 1

Buyer

Farmcrowdy

Lekki, Nigeria
Category Company
Founded 2016
Sector Agriculture
DESCRIPTION

Farmcrowdy is a digital agriculture platform that connects small scale farmers with smart farming techniques, quality farm inputs, and access to superior markets to earn a decent profit margin compared to profit earned from trading within their locality. Farmcrowdy was established in 2016 and is based in Lekki, Nigeria.

DEAL STATS #
Overall 1 of 1
Sector: Agriculture M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Nigeria M&A 1 of 1
Year: 2020 M&A 1 of 1
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