Velocity Capital Group has been in talks with financiers to raise capital for its Ethiopia-focused agribusiness, Velocity Dairy, to fund its $56milion (€45million) plans to build a dairy processing plant.
.
The financing will go into the building of new infrastructure, procurement of factory machinery and the purchase new equipment. Velocity intends to produce dairy products and fruit juices to be marketed primarily in the local market.
.
The new plant will have a daily capacity of up to 70,000 liters. About €8 million of the financing is expected to come from the International Finance Corporation (IFC).
.
Velocity Dairy was set up by US-based Velocity Capital in 2010. The investor wholly owns the company through a holdco, Velocity Africa Holding BV. The company is headquartered in Driebergen-Rijsenburg , Netherlands.
source
Africa Private Equity, Africa Private Equity News, Africa Pricate Equity Deals, Africa Private Equity Jobs, How to Get a Job in Africa Private Equity
Showing posts with label private equity investors Africa. Show all posts
Showing posts with label private equity investors Africa. Show all posts
Sunday, December 1, 2013
MBO Capital selects FrontInvest
MBO Capital has adopted FrontInvest, an electronic investment management platform developed by eFront.
FrontInvest is an automated risk management platform that enables managers to monitor fund, investor and portfolio operations.
MBO Capital has implemented the platform in the early stages its fundraising to demonstrate strong operational processes to investors.
“Managing our fund with eFront conveys to our investors and partners our commitment to transparency, effective communication, and the highest degree of trust,” said Jide Ogundare, chief executive officer at MBO Capital.
Based in Nigeria, MBO Capital is looking to raise $250 million to invest in business primarily operating in the energy, consumer, technology and financial services sectors.
source
FrontInvest is an automated risk management platform that enables managers to monitor fund, investor and portfolio operations.
MBO Capital has implemented the platform in the early stages its fundraising to demonstrate strong operational processes to investors.
“Managing our fund with eFront conveys to our investors and partners our commitment to transparency, effective communication, and the highest degree of trust,” said Jide Ogundare, chief executive officer at MBO Capital.
Based in Nigeria, MBO Capital is looking to raise $250 million to invest in business primarily operating in the energy, consumer, technology and financial services sectors.
source
Subscribe to:
Posts (Atom)