Investment Summary

Mustard Capital Partners Invests In Ningo Salt

On July 1, 2003, private equity firm Mustard Capital Partners invested in food company Ningo Salt

Investment Highlights
  • This is Mustard Capital Partners’ 1st transaction in the Food sector.
  • This is Mustard Capital Partners’ 3rd transaction in Ghana.

Investment Summary

Date 2003-07-01
Target Ningo Salt
Sector Food
Investor(s) Mustard Capital Partners
Deal Type Venture

Target

Ningo Salt

Old Ningo, Ghana
Ningo Salt is a manufacturer and marketer of salt. The salt is produced through the solar evaporation of seawater employing fractional crystallization, which is then refined to be sold as table salt, fine salt, crystal salt, centrifuge salt, and industrial salt. Ningo Salt was founded in 1994 and is based in Old Ningo, Ghana.

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Investor(S) 1

Investor

Mustard Capital Partners

Accra, Ghana

Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 32M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Jacana Partners (formerly Fidelity Capital Partners) is a private equity firm focused on investments in West Africa. Jacana has specific interest in opportunities located in Ghana, Sierra Leone, and Liberia. Target sectors include consumer products and services, agri-business, food and beverage, distribution, media, information technology, telecommunications, financial services, healthcare, tourism, hospitality and manufacturing. The Firm prefers to make 'significant' minority investments (about 25%). Jacana Partners was established in 1997 and is located in Accra, Ghana with addtional offices in London, Nairobi and Dar es Salaam.


DEAL STATS #
Overall 3 of 21
Sector: Food M&A 1 of 2
Type: Venture M&A Deals 3 of 11
Country: Ghana M&A 3 of 14
Year: 2003 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-01 Isopanel

Accra, Ghana

Isopanel is a manufacturer of insulated panels, polystyrene insulation, and roofing sheets in Ghana. Isopanel was founded in 2002 and is based in Accra, Ghana.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-01 Sun Ridge

West Dangbe, Ghana

SunRige Company Limited was established in December 2007. Its authourised business is the processing and sale of mineral water. Located in the West Dangbe District in Accra the company is one of the few natural mineral water producers in Ghana. Their product comes in 1.5 litre bottled water, 300ml bottled water, 20 litre bottled water and sachet water. The brand name for the bottled water is Safina.

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