Investment Summary

Phatisa Group Invests In Lona

On May 22, 2022, private equity firm Phatisa Group invested in food company Lona

Investment Highlights
  • This is Phatisa Group’s 2nd transaction in the Food sector.
  • This is Phatisa Group’s 3rd transaction in South Africa.

Investment Summary

Date 2022-05-22
Target Lona
Sector Food
Investor(s) Phatisa Group
Deal Type Stake Purchase

Target

Lona

Cape Town, South Africa
Lona is an integrated fruit business involved in activities across the food value chain, from: farming, aggregating, and packing fruit (citrus, mango, grape, olives, and stonefruit), to: cold storage and logistics, marketing fruit for export and domestic consumption, plus fruit and vegetable processing. Lona was founded in 1996 and is based in Cape Town, South Africa.

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Investor(S) 1

Investor

Phatisa Group

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 216M USD
Size Small
Type Sector Focused
DESCRIPTION

Phatisa is an African private equity fund manager that invests across the food value chain with a focus on creating returns as well as meaningful, positive social impact in sub?Saharan Africa. Phatisa Group was formed in 2005 and is based in Bambou, Mauritius.


DEAL STATS #
Overall 6 of 9
Sector: Food M&A 2 of 2
Type: Stake Purchase M&A Deals 1 of 1
Country: South Africa M&A 3 of 3
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-14 Deltamune

Centurion, South Africa

Deltamune develops and manufactures vaccines used in production animals for the food market – particularly poultry. Deltamune was founded in 1995 and is based in Centurion, South Africa.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-30 MHL

Nairobi, Kenya

MHL is a printing and packaging group in sub-Saharan Africa, operating through subsidiaries in Kenya and Nigeria. Manipal’s range of products cut across flexible packaging and self-adhesive labels among other ancillary services, and support a wide variety of industries, key among them being the food and beverage, and agriculture sectors. MHL was founded in 2008 and is based in Nairobi, Kenya.

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