Agri-Vie Fund II has acquired a 36.5% stake in Jumbo Brands, an agribusiness firm in South Africa.
Indeed, the investment fund is supported in this acquisition by the private equity branch of South African Sanlam, which is one of the main contributors.
“The long-term growth potential of the consumer goods sector, its defensive nature, its exit potential and the possibility of moving businesses to the regional level, augur well for a good investment opportunity,” he said. April Stassen, the fund manager.
Agri-Vie Fund II is a strategically focused sub-Saharan African food and agribusiness investment fund that aims to create businesses in Africa that generate enviable returns, while taking into account the impact on the economy. people and the environment.